Washington D.C., June 7, 2024 — The Securities and Exchange Commission (SEC) has charged three individuals with fraud for selling unregistered membership interests in LLCs claiming to invest in pre-IPO company shares. Initially, these sales were made on behalf of StraightPath Venture Partners LLC, which was the subject of the […]
Month: June 2024
SEC Invites Regulated Entities to Submit Self-Assessments of Diversity Policies and Practices
The Securities and Exchange Commission has commenced its biennial collection of Diversity Self-Assessment Submissions from Regulated Entities. Engaging in a self-assessment provides an opportunity for organizations to closely review their diversity and… SEC Press Release
New AML Rules for Investment Advisers
On May 13, 2024, the SEC and the US Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) jointly issued a proposed rule (the Proposal) that, if adopted, would impose new anti-money laundering and countering the financing of terrorism (AML/CFT) compliance obligations on registered investment advisers (RIAs) and exempt reporting […]
SEC to Close Salt Lake Regional Office
The Securities and Exchange Commission today announced that it will close its Salt Lake Regional Office (SLRO) later this year, reducing its regional footprint from 11 regional offices to 10. The SLRO has long been the SEC’s smallest regional office and… SEC Press Release
SEC Investor Advisory Committee to Examine the New Frontier for Investment Advice and Discuss AI Regulation at June 6 Meeting
Washington D.C., May 31, 2024 — The Securities and Exchange Commission’s Investor Advisory Committee will hold a virtual public meeting on June 6, 2024, at 10 a.m. ET. The meeting will be webcast on the SEC website. The committee will host two panels: Examining the New Frontier for Investment Advice; […]
