Nightmare on Elm Street warned viewers: “Whatever you do, don’t fall asleep.” Not bad advice for already sleep-deprived compliance professionals as the SEC's rulemaking and enforcement activity continues unabated.
This edition of our Regulatory Update starts off with an in-depth analysis of the new Private Fund Adviser Rules.
For advisers to mutual funds, we address the amended “Names Rule” under the Investment Company Act of 1940, and we share details for municipal advisers regarding an upcoming compliance outreach event sponsored by the SEC, FINRA, and MSRB.
For broker-dealers, we address FINRA’s recent request to allow remote inspections until June 2024 and break down a recent NASAA report summarizing its assessment of broker-dealers’ implementation of Reg BI.
This edition, includes articles such as: