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Bates Group

July 10, 2019

Expect More Share Class Investigations, Says SEC Enforcement Division

In May 2019, we sent out an Alert warning that the SEC’s Enforcement Division had initiated investigations against firms that did not self-report by the deadline of the […]
July 1, 2019

Bates Group Prepares Investment Adviser Firms for SEC Examinations and Provides Compliance Support

It can be daunting for you and your firm to have to undergo an SEC examination. The reality is that at any given moment the SEC’s […]
July 1, 2019

AML Legislative Update: Seeking Transparency, House and Senate Propose Beneficial Ownership Database

As described in Bates’ last review of congressional initiatives on Anti-Money Laundering / Countering the Financing of Terrorism (AML/CFT), the House Financial Services Committee has adopted an aggressive […]
June 20, 2019

Massachusetts Proposes State Fiduciary Rule; Trade Groups Ask New Jersey to Pause its Process

Last month, Bates described a New Jersey proposal to apply uniform fiduciary standards to broker-dealers and investment advisers for recommendations and advice they may give to New Jersey […]
June 14, 2019

Regulation Best Interest – Is Your Firm Ready?

The SEC voted on June 5th 2019 to approve a set of proposals setting new conduct standards for broker-dealers. Regulation Best Interest (“Reg BI”) is part of a package […]
May 31, 2019

Broker-Dealer Branch Office Compliance

May 26, 2019

SEC Office of the Investor Advocate Releases New Report on Efforts to Protect Seniors

An Engagement Adviser[1] in the SEC Office of Investor Advocate (OIA) has prepared a valuable overview report on the SEC’s efforts to protect seniors from financial exploitation. The 25-page […]
May 6, 2019

SEC Enforcement Investigating Firms That Did Not Self-Report

The SEC’s Enforcement Division has now initiated investigations against firms that did not self-report by the deadline of the SEC’s Share Class Selection Disclosure Initiative. (See Bates Alert for background […]
May 5, 2019

NASAA Members Adopt Investment Adviser Information Security Model Rule Package

Only a few weeks ago, Bates described an SEC Office of Compliance Inspections and Examination (OCIE) Risk Alert that highlighted privacy and information security issues raised during examinations of registered […]