Year: 2016

Custody Rule cases are rapidly becoming a staple of SEC enforcement. Rule 206(4)-2 requires registered investment advisers with custody of client funds or securities to implement certain controls to protect those assets. Prior to its amendment, effective in March 2010, …

SEC Sanctions Audit Firm, Partner Tied to Custody Rule Read More »

Tagged with: ,

The SEC requested comment on the development of a consolidated audit trail this week, a concept long discussed. The audit trail would enable regulators to track trading activity in the U.S. markets. Enforcement initiated proceedings which included two centered on …

This Week In Securities Litigation (Week ending April 29, 2016) Read More »

Tagged with: , , ,