The U.S. Securities and Exchange Commission (SEC) announced on October 20, 2026, that it has entered into a new Memorandum of Understanding (MOU) with France’s Autorité des Marchés Financiers (AMF), establishing a framework for regulatory cooperation and information sharing.
Category Archives: SEC
Rollover Compliance After the Vacatur of the DOL’s 2024 Fiduciary Rule: What Investment Advisers Need to Know
March 24, 2026
Question: Did the vacatur of the U.S. Department of Labor’s 2024 fiduciary rule eliminate rollover compliance obligations for investment advisers?
If you manage an investment adviser firm registered (or are planning to register one) with the U.S. Securities and Exchange Commission (“SEC”), a U.S. federal government shutdown has serious operational ramifications. While your investment adviser firm’s compliance obligations don’t pause, many SEC functions will.
SEC Opens Path to Register Swiss Investment Advisers
August 02, 2025
Background: Cross-Border Oversight and Data Protection Laws
For many years, the U.S. Securities and Exchange Commission (SEC) has maintained that, in order to register a non-U.S. investment adviser firm under the Investment Advisers Act of 1940, it must be able to access the registrant’s books and records for examination purposes.
Under New Leadership, SEC Brings Action Against Adviser Over Converting Account Types
February 18, 2025
Under the new leadership of Acting Chair Mark Uyeda, the U.S. Securities and Exchange Commission (“SEC”) recently issued and settled a cease-and-desist order that serves as a stark reminder: an investment adviser’s fiduciary duty to act in client’s best interests remains the bedrock for an investment adviser.
SEC Brings Enforcement Action Against Investment Adviser Firms for Failing to Supervise for Cherry-Picking
October 14, 2024
Regulatory Alert
In a recent cease-and-desist order, the U.S. Securities and Exchange Commission (“SEC”) censured and fined two investment adviser firms for allegedly failing to supervise “cherry-picking” practices by two of its investment adviser representatives (IARs).
SEC’s Recent Enforcement Actions Against Investment Advisers For Failing to File Form 13F
September 29, 2024
The U.S. Securities and Exchange Commission (“SEC”) recently settled charges against 11 institutional investment managers for failing to file Form 13F, a critical filing requirement for those who exercise investment discretion over $100 million or more in certain equity securities. The SEC emphasized the importance of compliance with Form 13F, which ensures transparency in securities holdings and fosters market integrity.
Regulatory Alert: New Form N-PX Reporting Requirements for Investment Advisers Which Are 13F Filers
August 12, 2024
If your investment adviser firm is required to file Form 13F, please be aware that your firm is now required (subject to certain exceptions) by the United States Securities and Exchange Commission (“SEC”) to file an annual report on Form N-PX by August 31, 2024. This report will cover the most recent 12-month period ending June 30 and must include the firm’s proxy voting record related to executive compensation matters.
Regulatory Alert – SEC Amends Reg S-P
May 28, 2024
The U.S. Securities and Exchange Commission (SEC) has adopted amendments to Regulation S-P which require investment adviser firms registered with the SEC to adopt written policies and procedures for incident response programs to address unauthorized access to or use of customer information including procedures for providing timely notification to customers affected by an incident involving sensitive customer information.
