On February 14, 2025, the Securities and Exchange Commission (“SEC”) published a settled Administrative Proceeding Order with One Oak Capital Management, LLC (“One Oak”) and Michael DeRosa. DeRosa served as an investment adviser representative of One Oak. Beginning around June of 2020,
SEC Enforcement Actions Related to Electronic Communications Recordkeeping Failures
On January 13, 2025 the U.S. Securities and Exchange Commission (SEC) announced settled Administrative Proceedings against three broker/dealers and nine investment advisers related to electronic communications recordkeeping failures. The following is a list of the investment advisers subject to the actions, and
Summary of Regulation S-P Revisions Applicable to Investment Advisers
On May 15, 2024 the SEC issued Release Nos. 34-100155; IA-6604 (the “Adopting Release”) providing for amendments to the safeguards and disposal rules of Regulation S-P (the “Amendments”). The compliance dates for the Amendments are December 31, 2025 for “large” investment advisers
Division of Examinations: SEC Fiscal Year 2025 Examination Priorities for Investment Advisers
On October 21, 2024, the Division of Examinations of the United States Securities and Exchange Commission (the “Division”) published the Fiscal Year 2025 Examination Priorities. In addition to investment advisers, the Division has examination responsibility for broker-dealers, investment companies, self-regulatory organizations, clearing
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