The SEC Division of Examinations (Exams) recently published a Risk Alert discussing observations on investment adviser fee calculations resulting from a review of approximately 130 firms. This 2021 Risk Alert supplements a prior alert on the same topic that Exams (then, the Office of Compliance Inspections and Examinations) published in 2018.
In yet another step forward on the SEC’s path toward a comprehensive ESG disclosure framework, on September 22, 2021, the Staff of the Division of Corporation Finance issued a Sample Letter to Companies on Climate Change Disclosure, relying on the Commission’s 2010 Climate Change Guidance.
In a keynote interview for Private Equity International, Michael Fieweger and Derek Liu consider opportunities and explore the potential challenges and conflicts of SPACs.
The SEC today issued its first Order under its Whistleblower Rules in quite some time, citing a registered broker-dealer with violating Rule 21F-17 of the Securities Exchange Act, which precludes conduct that could impede anyone from communicating with the Commission about potential securities laws violations.
On May 6, 2021, SEC Chair Gary Gensler participated in his first Congressional hearing, before the House Committee on Financial Services, joined by Robert Cook, President and CEO of FINRA and Michael C. Bodson, the CEO of The Depository Trust & Clearing Corporation. This was the third hearing for the House Financial Services Committee on issues related to the January 2021 market events associated with trading in GameStop; however, Committee members did not limit themselves to the topic at hand.
We ask our Women Partners and Leaders from the industry what they enjoy most about working in Financial Institutions and what they think are the biggest challenges facing women in 2021.