Investment Advisers Under Heightened Scrutiny: Lessons from Recent SEC Enforcement Actions
Avoiding Conflicts of Interest, Non-Disclosure of Fees and Allocations, Insider Trading, and Other Regulatory Violations
Recording of a 90-minute premium CLE webinar with Q&A
This CLE course will examine recent SEC actions against investment advisers, and the procedures and safeguards they should implement to prevent such claims. The panel will discuss conflicts of interest, non-disclosure of fees and expenses, misappropriation, misstatement of investment performance, and other violations which give rise to SEC actions and have resulted in the most significant financial penalties for investment advisers.
- Recent SEC actions against investment advisers—frequency and severity
- Violations cited
- Investment adviser reporting obligations
- SEC audit capabilities
- Implementing policies and procedures to prevent violations
The panel will review these and other key issues:
- What kinds of violations have given rise to recent SEC enforcement actions?
- What remedies are available to the SEC—and how severe are damages/penalties?
- Why are investment advisers particularly vulnerable to potential SEC actions?
- What steps can be taken to avoid the various violations that give rise to claims?
Matthew A. Rossi
Mr. Rossi's practice focuses on all aspects of securities regulatory enforcement defense with particular emphasis... | Read More
Mr. Rossi's practice focuses on all aspects of securities regulatory enforcement defense with particular emphasis on representing investment advisers, broker-dealers, private funds, registered investment companies and their affiliates in SEC, FINRA and state securities inspections, investigations and enforcement actions. He also routinely counsels clients on compliance matters. Before joining the Firm, he worked in the SEC Enforcement Division, where he primarily investigated and litigated violations of the federal securities laws by investment advisers, broker-dealers, large financial institutions and others. He also served as Senior Counsel in the SEC’s Asset Management Unit which investigates misconduct by investment advisers, private funds and registered investment companies.Close
Gregory D. DiMeglio
Chair, Securities Enforcement
Stradley Ronon Stevens & Young
Mr. DiMeglio represents public companies, investment companies, investment advisers, broker-dealers, boards of... | Read More
Mr. DiMeglio represents public companies, investment companies, investment advisers, broker-dealers, boards of directors, board committees, auditors, other entities and individuals in connection with examinations, investigations and enforcement actions by the SEC, Department of Justice, other federal and state regulators, and industry self-regulatory organizations. He also conducts internal investigations designed to assist clients in preventing or limiting the scope of potential enforcement action. Prior to joining the Firm, he was a senior counsel in the SEC’s Division of Enforcement in Washington, D.C., where he was responsible for a number of significant enforcement investigations and actions.Close
Blake L. Osborn
Orrick Herrington & Sutcliffe
Mr. Osborn is a member of the White Collar, Investigations, Securities Litigation and Compliance Group. He represents... | Read More
Mr. Osborn is a member of the White Collar, Investigations, Securities Litigation and Compliance Group. He represents clients in complex civil litigation, including class actions, business disputes, securities fraud claims, shareholder derivative suits, investment disputes, and SEC enforcement actions. His practice focuses on defending companies, officers and directors in class actions, business disputes and regulatory proceedings and investigations in state, federal, and appellate courts throughout the country.Close