Filing Deadline for the CDS Antitrust Claim is May 27, 2016!
This Alert is a reminder that you must file a Credit Default Swaps (“CDS”) Claim by 11:59 pm EDT on May 27, 2016, in order to be eligible to participate in the CDS settlement. The CDS settlement was...
View ArticleSEC Approves FINRA’s Educational Communication Rule
The SEC approved the adoption of FINRA Rule 2273 (Educational Communication Related to Recruitment Practices and Account Transfers), which establishes an obligation for FINRA registered broker-dealers...
View ArticleSadis & Goldberg LLP Names Yehuda M. Braunstein Head of Family Office Group
Sadis & Goldberg LLP, a leading New York based law firm, is proud to announce that Yehuda Braunstein, Partner in the Financial Services and Corporate Groups, has been appointed as the Head of the...
View ArticleCayman Director Liability in the U.S.
Cayman directors’ legal responsibilities have been the focus of much discussion since the Cayman Islands Court of Appeals, in Weavering[1], vacated a $111 million dollar judgement against two directors...
View ArticleSEC Raises Qualified Client Net Worth Threshold
On June 14, 2016, the U.S. Securities and Exchange Commission (the “SEC”) issued an order approving an increase to the net worth threshold for “qualified clients” under SEC Rule 205-3 under the...
View ArticleCompliance Deadlines – Third Quarter 2016
There are many regulatory filings and compliance forms that investment managers need to complete throughout the year. Below is a list of some of the key compliance dates for the third quarter of 2016....
View ArticleA Fund Manager’s Cyber Security Action Plan: Practical Tips on Preparing,...
Sophisticated hackers are attempting to infiltrate your firm’s network and access you investor information, trade secret data, confidential and sensitive information. And while your firm’s IT defenses...
View ArticleNFA Amends Compliance Rule 2-46: Late Fees for Quarterly Filings
The National Futures Association (the “NFA”) recently amended Compliance Rule 2-46 to impose a late fee for NFA Forms CPO-PQR and CTA-PR. The amended ruling will impose a $200 per business day fee on...
View ArticleSEC Proposes Rule Requiring Advisers to Adopt Business Continuity Plans
Registered investment advisers (“RIAs”) should be aware that the Securities and Exchange Commission (“SEC”) has proposed a new rule that would require RIAs to adopt and implement written business...
View ArticleRecent CFTC AML Compliance Warning
On July 6, 2016, the U.S. Commodity Futures Trading Commission’s (“CFTC”) Division of Swap Dealer and Intermediary Oversight issued an Advisory to remind Futures Commission Merchants (“FCM”) and...
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