An investment adviser settled SEC charges for imp roperly promoting hypothetically back-tested performance information.
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A broker-dealer / swap dealer settled parallel SEC and CFTC charges for "widespread" recordkeeping failures related to communications on personal devices, personal email and Internet applications.
The SEC issued an Order updating several exemptions and granting additional exemptions for certain security-based swap activities.
The MFA and the Alternative Investment Management Association asserted that the SEC proposed rule on business continuity and transition plans for investment advisers is "unnecessary," since "existing SEC guidance has already caused most investment advisers to implement business continuity plans."
The SEC proposed a new rule that would require SEC-registered investment advisers to implement written business continuity and transition plans, which would be designed to address risks related to significant disruptions in the investment advisers' operations. The proposal was published in the Federal Register.