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                  • November 05, 2019

                    SEC Proposes Amending Investment Adviser Solicitation and Advertising Rules

                    The SEC proposed amending advertising and solicitation rules under the Investment Advisers Act.
                    Steven.Lofchie@cwt.com's picture
                    Commentary by Steven Lofchie
                  • January 22, 2019

                    FINRA Identifies 2019 Risk Monitoring and Examination Priorities

                    FINRA identified risk monitoring and examination priorities for 2019.
                    mark.highman@cwt.com's picture
                    Commentary by Mark Highman
                  • October 19, 2018

                    Industry Groups Weigh in on Proposed Changes to Volcker Rule

                    SIFMA, ISDA, FIA, and other industry trade associations and diverse banking organizations made recommendations on proposed changes to regulations implementing the "Volcker Rule."
                  • September 05, 2018

                    SEC Charges Cannabis Investment Fund and Founder with Securities Fraud

                    The SEC charged a cannabis investment fund and its founder with securities fraud for allegedly using misleading marketing materials and deceptive sales pitches to lure investors.
                    jodi.avergun@cwt.com's picture
                    Commentary by Jodi Avergun
                  • April 23, 2018

                    FINRA Provides Guidance on the Use of "Related Performance Information" in Institutional Communications

                    FINRA staff concluded that member firms may use "Related Performance Information" in institutional communications concerning variable annuity and life insurance contracts.
                    Steven.Lofchie@cwt.com's picture
                    Commentary by Steven Lofchie
                  • February 27, 2017

                    Firm Settles Charges of Supervisory Failures

                    Purshe Kaplan Sterling Investments agreed to pay restitution and additional penalties to settle FINRA charges that the firm had failed to supervise adequately an employee who made fraudulent sales.
                  • February 22, 2017

                    IOSCO Examines Risks Associated with Loan Funds

                    IOSCO determined that further analysis of "Loan Funds" is not warranted at this stage, since regulators believe their current general rules for this "so-called 'shadow banking activity,'" address systemic risks sufficiently.
                  • April 14, 2016

                    CFTC Grants Relief to CPOs from Audited Annual Financial Statement Requirements (CFTC Letters 16-40, 16-41, 16-42, 16-43, 16-44, 16-45 and 16-46)

                    The CFTC Division of Swap Dealer and Intermediary Oversight granted relief to several commodity pool operators from the annual report filing requirement, and from the requirement that such reports contain an audited annual financial statement.
                  • April 11, 2016

                    CFTC Grants Relief to CPOs from Audited Annual Financial Statement Requirements (CFTC Letters 16-35, 16-36, 16-37, 16-38 and 16-39)

                    The CFTC Division of Swap Dealer and Intermediary Oversight granted relief to several commodity pool operators from the annual report filing requirement and the requirement that such reports contain audited annual financial statements.
                  • September 23, 2015

                    SEC Staff Grants No-Action Relief from IA Registration for Certain Advisers of Venture Capital Funds

                    The SEC Division of Investment Management granted no-action relief regarding Section 203(l) ("Registration of Investment Advisers") of the Advisers Act and the definition of "venture capital fund" thereunder for certain investment managers. In particular, the letter relates to whether a fund can be...
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