Skip to Search
Skip to Main Content
Main Content

Client Alert

Investment Management Legal and Regulatory Update - October 2021

October 13, 2021

Latest developments: Funds

  • SEC Proposes Enhanced Proxy Voting Disclosure
  • Proposal Threatens Tax Benefits of ETFs

Latest Developments: Advisers

  • SEC Risk Alert on Fixed Income Principal and Cross Trades
  • SEC Risk Alert on Advisers Managing Client Accounts that Participate in Wrap Fee Programs 
    • Examinations Staff Observed Deficient Practices
    • Observed Practices to Assist With Compliance

Litigation/enforcement actions

  • Mutual Fund Share Class Selection Disclosure Violations
    • SEC Orders Former Adviser to Return Over $900,000 to Clients
    • SEC Charges Adviser for Investing Wrap Fee Client Assets in Higher Cost Mutual Funds to Avoid Paying Transaction Costs
  • SEC Chair Signals Possible Cybersecurity Rules Forthcoming as Advisory Firms Face Cyber-Related Enforcement Actions
    • Cetera Fined $300,000 For Safeguards Rule Violation
    • Cambridge Fined $250,000 for Safeguards Rule Violation
    • KMS Fined $200,000 for Safeguards Rule Violation
  • Great-West Prevails in Appeal of Excessive Fee Challenge Case

Practice Areas

Media Contact 

If you have a media request or need an attorney with particular knowledge for comment, please contact Kyle Mondy, Marketing & Communications Manager, at 414.287.9481 or


Subscribe today to receive firm newsletters and blogs, client updates, seminar announcements, and more according to your preferences and areas of interest.

Disclaimer and Legal Notices

Copyright © 2023 Godfrey & Kahn, S.C.

Attorneys at Law - All rights reserved.


Client Login