SEC Regulatory Updates

Firms need to keep pace with the evolving regulatory landscape. 

In the U.S., the Securities and Exchange Commission (SEC) has signaled a clear shift in focus and prioritization. Recent commentary from SEC Chair Gary Gensler indicates that the agency will likely push forward with an aggressive rulemaking agenda.

"The SEC’s Enforcement Division is the cop on the beat for America’s securities laws…As these results show, we go after misconduct wherever we find it in the financial system, holding individuals and companies accountable, without fear or favor, across the $100-plus trillion capital markets we oversee." - Chair Gary Gensler, 2021 Division of Enforcement Annual Report

Recent SEC news impacting financial services

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U.S. Regulatory Update - Summer 2023

This edition includes updates to the SEC’s rulemaking calendar, recent money market fund reforms, FINRA's recent financial reports, and more.

Newsletter
  • SEC
  • Compliance
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MiFID Research Bundling: Will the Expired Relief for U.S. Broker-Dealers be Reinstated?

MiFID II reformed research payment practices in Europe, but the expiration of relief from the SEC has prompted a bill in the U.S. House of Representatives to extend it for six months, aligning with potential changes in the regulations by the UK and EU.

Compliance Alert
  • Compliance
  • SEC
  • Broker-Dealer
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Navigating SEC Scrutiny: Enhancing The Accuracy of Fee Calculations for Private Funds

In an environment of intense regulatory scrutiny, the SEC is putting private fund managers under the microscope, focusing on fees charged to investors. In our recent article we break down the challenges and obstacles firms face as a result of these complex fees both in terms of calculations and the descriptions in the fund's governing documents.

Article
  • Performance
  • SEC
  • Compliance
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Regulation Best Interest Assessment and the Next Frontier

Now that Reg BI has been in place for almost three years, the industry has received a few waves of feedback from the regulators through enforcement actions, arbitrations and additional guidance. We break them down in this article.

Article
  • Compliance
  • SEC
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U.S. Regulatory Update – June 2023 Edition

This month's update includes insights regarding the SEC’s largest whistleblower award, FINRA’s first expulsion for firm’s Reg BI failures, and more.

Newsletter
  • Compliance
  • SEC
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SEC Spotlights Testimonials, Endorsements, and Third-Party Ratings in Latest Exam Risk Alert

The SEC is examining investment advisers' compliance with the Advisers Act Marketing Rule. Advisers should be prepared for comprehensive examinations of their marketing practices.

Compliance Alert
  • Compliance
  • SEC
  • SEC Marketing Rule

Recent SEC webcasts by ACA

Keeping Pace with Mobile Communication Surveillance

Our surveillance, compliance, and technology experts will discuss the latest client communication trends in the financial industry and what solutions are available to monitor and archive those communications.

Webcast

Unpacking the SEC's Proposed Cyber Rules

Hear from ACA’s Carlo di Florio, Mike Pappacena, and Liam Jaris as they unpack the SEC’s proposed cyber rules and amendments and describe how they can affect private fund managers.

Webcast

Additional SEC resources by ACA

ACA's regulatory experts share their SEC insights, tools, and resources for compliance teams to use when building and improving their compliance programs.

Download our checklist here to use as a guide to plan your year.

We've put together a printable calendar with key regulatory filing deadlines for the SEC, CFTC, NFA, FCA, and ESMA in addition to national holidays at a glance to help you track your firm’s regulatory reporting obligations.

To help firms prepare for the new year, we’ve created a simple visual timeline of key regulatory milestones for you to download, keep, and reference throughout 2022. 

Learn of the potential changes to securities laws and regulations and the impact on private fund managers

ACA’s Vivek Pingili, Director, recently joined the National Venture Capital Association (NVCA) and Northgate Capital in a webcast providing considerations for building and implementing an effective compliance program for venture capital and other types of private markets fund managers.

Download our Q4 2021 Private Markets Quarterly Update.

Download our Q4 2021 Hedge Fund Quarterly Update.

Strengthen your compliance program with our global team of compliance professionals.

Maximize your firm’s time and efficiency with our technology-powered managed services.

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