Maddie Loewenguth

Sep 5, 2024 | jdsupra.com | Jeremy Cantor |Scott Moss |Maddie Loewenguth

On August 26, 2024, the Securities and Exchange Commission (SEC) announced a settlement with a registered investment adviser (RIA)1 for failing to establish, maintain and enforce adequate written policies and procedures reasonably designed to prevent the misuse of material nonpublic information (MNPI) as it relates to the trading of collateralized loan obligations (CLOs).2 More specifically, this settlement related to trading a CLO while in possession of MNPI of a company whose loans were...