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The weekly news source for investment management legal and compliance professionals

August 8, 2016

This Week's Issue

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Solve Social Media Compliance Problems Before Examiners Find Them

When SEC examiners visit your firm, expect social media and how it is used by investment staff and other employees to be high on their list of focus areas. The challenges facing chief compliance officers is not only to be prepared for the examination, but to be aware that social media poses a challenge different from many other compliance matters.
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SEC Use of Data Analytics Helps Drive Another Cherry-Picking Settlement

The SEC’s crackdown on advisers allegedly performing fraudulent trade allocations – more commonly known as "cherry-picking" – is alive and well, as is the agency’s reliance on data analytics to make its case.
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$10 Million Judgment Against Adviser in Conflict of Interest / Disclosure Case

Advisers probably should not invest client dollars in securities or other assets that the advisory firm already owns or has an ownership interest in – especially if the adviser fails to first disclose that ownership.
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