Investment Management Regulatory Update - October 2018
Rules and Regulations
- SEC Staff Grants No-Action Relief to the Independent Directors Council Under Rules 10f-3, 17a-7 and 17e-1 Under the Investment Company Act of 1940
Industry Update
- Director of Division of Investment Management Testifies About Division Oversight
- Co-Director of SEC Enforcement Steven Peikin Gives Remarks on Remedies and Relief in SEC Enforcement Actions
Litigation
- SEC Sues Investment Adviser, Manager for Alleged “Short and Distort” Scheme
- Federal District Court Concludes that Virtual Currencies Are Commodities Subject to the CFTC’s Jurisdiction
- SEC Settles with Voya Financial Advisors, Inc. for Failing to Adopt and Implement Sufficient Policies to Prevent Identity Theft
- Putnam Investments and Portfolio Manager Zachary Harrison Settle with SEC for Prearranged, Undisclosed RMBS Cross-Trades Favoring Certain Advisory Clients
- SEC Settles with LendingClub Asset Management for Undisclosed Conflicts of Interest, Return Adjustment, in Connection with Investments in LendingClub Loans
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