Tag Archives: SEC


FINRA Bonus Disclosure Rule to SEC

Dear Friends, On March 10, 2014, FINRA filed a proposal with the SEC requiring brokers who receive more than $100,000 in incentive compensation to switch firms, to disclose to clients how much they are paid. Brokers would disclose a compensation range in $500,000 to $1,000,000 bands. The proposed rule was approved by FINRA in September 2013, in an effort to […]

No-Action Letter – Guidance on “Knowledgeable Employees”

  Dear Friends, The SEC has released a No-Action letter providing guidance on individuals who qualify as “knowledgeable employees” under Rule 3c-5 of the Investment Company Act of 1940. The Rule defines knowledgeable employee as any natural person who is an “executive officer, director, trustee, general partner, advisory board member, or person serving in a similar capacity” of a private […]

SEC Approves New Money Market Regulations; Motives Questionable, ZeroHedge Strengthens Case For Gold

The following is from www.zerohedge.com.  This piece is so profound that a reprint is required: The SEC passes regulation that only STRENGTHENS the case to own Gold Suspending Money Market Redemptions Is Now Legal; SEC Approves New Money Market Regulation In 4-1 Vote… …Well, in a nearly unanimous vote, Money Market Funds now have the ability to suspend redemptions, courtesy […]

Hedge Fund Regulation: It’s Back!

Reposted from “Hedge Fund Regulation: It’s Back” on the Intralinks.com Blog. And this time it’s taking private equity and venture capital with it. First, let’s quickly rewind to 2006, when hedge funds throughout the U.S. were completing their ADV and implementing technology to retain their e-mails and documents. At the time, they were anticipating having to register with the SEC […]

Obama Administration and the Regulatory Reorganization

As early as next week, the Obama administration is expected to unveil plans to dismantle parts of the U.S. Securities and Exchange Commission in a regulatory reorganization. A proposal, still believed by many to be in draft form, is rumored to reallocate regulatory supervision of the financial titans — those institutions deemed too large to fail — to the Federal […]

Three Sides to Every Story – Hedge Fund Regulation

Hedge fund regulation has long been a subject of debate, with the SEC pushing for tighter restrictions and managers doing all they can to avoid it. Both stances are understandable. Managers are known for their ambiguity. They provide just enough information to investors, but usually leave the tedious information about specific strategy details and asset allocation to themselves. The federal […]

SEC Proposes Revisions to Regulation S-P and Expansion of Customer Privacy Requirements

On March 4, 2008, the Securities and Exchange Commission (SEC) announced proposed changes to Regulation S-P (“Reg S-P”), the regulation governing the privacy and protection of customer information. A copy of the proposing release is available on the SEC’s website at www.sec.gov/rules/proposed.shtml. If adopted as proposed, the changes, designed to enhance the protection of customers’ nonpublic personal information, will undoubtedly […]