Lowenstein Sandler’s Investment Management Group is pleased to provide you with the summaries and checklists detailed below. 

Summaries of recent legislative and regulatory developments with respect to:

  • FINRA Amendments to Rules 5130 and 5131
  • Regulation Best Interest and Form Client Relationship
  • Proposed Updates to Advertising and Solicitation Rules
  • The SEC’s Issuance of Proxy Voting Guidance
  • The SEC’s Interpretation on Fiduciary Duties of Investment Advisers
  • The OCIE’s 2020 Examination Priorities 
  • FINRA’s 2020 Risk Monitoring and Examination Priorities
  • The SEC’s Division of Enforcement Annual Report
  • Common Compliance Failures With Regard to Principal Trades and Agency Cross Trades
  • The NFA’s Swaps Proficiency Requirements and Amendments to Compliance Rules
  • The CFTC’s Amendments to Part 4 Regulations and Amendments to Compliance Rules
  • The SEC’s Proposed Updates to Accredited Investor and Qualified Institutional Buyer Definitions 
  • The 9th Circuit’s Ruling in Favor of hiQ in Its Web Scraping Dispute With LinkedIn
  • Preparedness for LIBOR Transition 
  • Qualified Opportunity Funds
  • Privacy and Cybersecurity
  • Supervision of Persons With Disciplinary History

Checklists of annual considerations for: 

  • Private Investment Funds and Their Advisers
  • Registered Investment Advisers and Exempt Reporting Advisers
  • Commodity Trading Advisors and Commodity Pool Operators 

The checklists appear after the legislative and regulatory summary. For more information regarding any matter covered in this update, please contact one of the attorneys in our Investment Management Group. 

Read the full alert here