The Securities and Exchange Commission today announced administrative proceedings against New York-based brokerage firm Windsor Street Capital and its former anti-money laundering officer John D. Telfer.  The SEC’s Enforcement Division alleges that the firm, formerly named Meyers Associates L.P., failed to file Suspicious Activity Reports (SARs) for $24.8 million in suspicious transactions, including those occurring […]

In a recent speech, the director of the SEC Office of Compliance Inspections and Examinations revealed that the agency has increased staffing in the Investment Adviser/Investment Company (“IA/AC”) Examination Program by 20%.  This expansion confirms the SEC’s continued focus on investigations and enforcement actions related to investment adviser fraud, such as: misleading fee agreements; failing […]

 The SEC has increasingly examined private equity advisers and will likely continue to do so, with a particular focus on improper disclosure of conflicts and the allocation of fees and expenses. A settled enforcement action, announced by the U.S. Securities and Exchange Commission (SEC) on September 14, 2016, continues the trend of increased SEC scrutiny […]