Emily Gordy

Nov 2, 2023 | lexology.com | Jeffrey Hanna |Emily Gordy

Corporate Transparency Act Beneficial Ownership Reporting Requirements to Take EffectIn 2021, the Corporate Transparency Act (“CTA”) was enacted as part of the Anti-Money Laundering Act of 2020, requiring certain business entities (“Reporting Companies”) to report beneficial ownership information (“BOI”) to the U.S. Department of Treasury’s Financial Crimes Enforcement Network (“FinCEN”). FinCEN issued the final rule implementing the CTA’s reporting provisions on September 29, 2022.

Feb 3, 2023 | jdsupra.com | John Ayanian |Brian J. Baltz |Emily Gordy

On Jan. 30, 2023, the Securities and Exchange Commission’s Division of Examinations (Division) released a Risk Alert, “Observations from Broker-Dealer Examinations Related to Regulation Best Interest,” in which the Division discussed perceived weaknesses in broker-dealers’ compliance with the disclosure, care, conflicts of interest and compliance obligations of Regulation Best Interest (“Reg BI”).

Feb 2, 2023 | lexblog.com | Brian J. Baltz |John Ayanian |Cheryl Haas |Emily Gordy

On Jan. 30, the U.S. Securities and Exchange Commission’s Division of Examinations released a Risk Alert identifying perceived weaknesses in broker-dealers’ compliance with the disclosure, care, conflicts of interest and compliance obligations of Regulation Best Interest. Read on for highlights from the alert and how they reflect the SEC’s evolving expectations during examinations