The SEC Office of Compliance Inspections and Examinations described the scope and content of initial examinations for Regulation Best Interest and Form CRS.
Comments are due by August 16, 2022 for an SEC proposal to enhance disclosure requirements on ESG investment practices. The SEC proposal was published in the Federal Register.
An investment adviser settled SEC charges for disproportionately allocating undisclosed expenses to a private equity fund in connection with a take-private action.
An investment adviser settled SEC charges for entering into short positions in seven public offerings during a restricted offering period in advance of stock offerings.
An investment adviser settled SEC charges for failing to fully disclose compensation paid to its affiliated broker-dealer for certain mutual fund transactions and related conflicts of interest.