Latest Developments: Funds

• SEC Amends Forms N-PORT and N-CEN and Provides Liquidity Risk Management Program Guidance

Latest Developments: Advisers

• SEC Sweep Exam on Adviser T+1 Compliance

• DOL Fiduciary Rule Stayed

• FinCEN Issues Final Rule on AML Program for Investment Advisers

• SEC Will Not Seek En Banc Review of Private Fund Rules

Litigation/Enforcement Actions

• SEC Persists in Off-Channel Communication Enforcement as Total Fines Exceed $2 Billion

• SEC Charges Pay-To-Play Violation

• Transfer Agent Charged for Failing to Protect Client Funds from Cyber Attacks

Other News of Interest

• Federal Ban of Non-Competes Held Unlawful by Federal Court