In an announcement this week related to FY 2016 enforcement statistics, the SEC reported another increase and outlined its continued robust efforts. In 2016, the SEC filed 868 enforcement actions besting its 2015 total by 61 actions and 2014 by 113 actions. Although enforcement actions were up, the SEC announced that it had obtained judgments
advisors
New SEC Rule Proposal – Written Business Continuity and Transition Plans for Registered Advisers
By Richard M. Cutshall on
Earlier this week, the SEC issued a Press Release announcing a Rule Proposal that would require SEC-registered investment advisers to adopt written business continuity and transition plans (BCP) as part of their compliance program. The comment period on the Rule Proposal is expected to close in September. Under the proposed rule, an adviser’s written BCP…