SEC Office of Compliance Inspections and Examinations Director Peter Driscoll urged firms to establish and maintain strong compliance programs that address AML, microcap securities, paying agents and cybersecurity.
The SEC Division of Investment Management allowed mutual funds and their SEC-registered transfer agents to delay the disbursement of proceeds from the mutual fund accounts of vulnerable adult shareholders if financial exploitation is suspected.
The SEC published an Advance Notice of Proposed Rulemaking, Concept Release and Request for Comment on Transfer Agent Regulations in the Federal Register. The Advanced Notice of Proposed Rulemaking covers the following specific areas: (i) transfer agent registration and reporting requirements; (ii...
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