Investment Management Institute 2017
|
|
- Gervase Shaw
- 6 years ago
- Views:
Transcription
1 CORPORATE LAW AND PRACTICE Course Handbook Series Number B-2309 Investment Management Institute 2017 Volume One Co-Chairs Barry P. Barbash Paul F. Roye To order this book, call (800) 260-4PLI or fax us at (800) Ask our Customer Service Department for PLI Order Number , Dept. BAV5. Practising Law Institute 1177 Avenue of the Americas New York, New York 10036
2 54 U.S. Securities and Exchange Commission Press Release: PIMCO Settles Charges of Misleading Investors About ETF Performance (December 1, 2016) Submitted by: Paul F. Roye Capital Research and Management Company If you find this article helpful, you can learn more about the subject by going to to view the on demand program or segment for which it was written
3 1-810 Practising Law Institute
4 Page 1 of 2 Press Release PIMCO Settles Charges of Misleading Investors About ETF Performance FOR IMMEDIATE RELEASE Washington D.C., Dec. 1, 2016 The Securities and Exchange Commission today announced that investment management firm Pacific Investment Management Company (PIMCO) agreed to retain an independent compliance consultant and pay nearly $20 million to settle charges that it misled investors about the performance of one its first actively managed exchange-traded funds (ETFs) and failed to accurately value certain fund securities. According to the SEC s order issued today, PIMCO s Total Return ETF attracted significant investor attention as it outperformed even its flagship mutual fund in the four months following its launch in February The initial performance was attributable to buying smaller-sized bonds known as odd lots as part of a strategy to help bolster performance out of the gate. But in monthly and annual reports to investors, PIMCO provided other, misleading reasons for the ETF s early success and failed to disclose that the resulting performance from the odd lot strategy was not sustainable as the fund grew in size. PIMCO misled investors about the true long-term impact of its odd lot strategy and denied them the opportunity to make fully informed investment decisions about the Total Return ETF, said Andrew J. Ceresney, Director of the SEC s Division of Enforcement. Investment advisers must accurately describe the significant sources of performance and the strategies being used. The SEC s order further finds that PIMCO s odd lot strategy caused the Total Return ETF to overvalue its portfolio and consequently fail to accurately price a subset of fund shares. PIMCO valued these bonds using prices provided by a third-party pricing vendor for round lots, which are larger-sized bonds compared to odd lots. By blindly relying on the vendor s price for round lots without any reasonable basis to believe it accurately reflected what the fund would receive if it sold the odd lots, PIMCO overstated the Total Return ETF s net asset value (NAV) by as much as 31 cents. PIMCO overstated its NAV almost every day for four months because its policies and procedures were not reasonably designed to properly address issues concerning odd lot pricing, Mr. Ceresney said. PIMCO agreed to be censured and consented to the SEC s order without admitting or denying the findings that the firm violated Sections 206(2) and 206(4) of the Investment Advisers Act of 1940, Rules 206(4)-7 and 206(4)-8, and Section 34(b) of the Investment Company Act of PIMCO agreed to pay disgorgement of fees totaling $1,331, plus interest of $198, and a penalty of $18.3 million. The SEC s investigation was conducted by Adam Schneir and Brian Fitzpatrick of the Enforcement Division s Asset Management Unit as well as Kate Zoladz of the Miami office, Rhoda Chang, John Berry, Donald Searles, and Gary Leung of the Los Angeles office, and José Santillan of the Chicago office. The case was supervised by C. Dabney O Riordan, Co-Chief of the Asset Management Unit, and Michele 1/20/
5 Page 2 of 2 Layne, Regional Director for the Los Angeles office. The examination of PIMCO that led to the investigation was conducted by Eric Lee, Ryan M. Hinson, and Shawn McEnnis and supervised by Daniel C. Jung of the Los Angeles office. ### Related Materials SEC order /20/2017
6 NOTES 1-813
7 NOTES 1-814
Investment Management Institute 2017
CORPORATE LAW AND PRACTICE Course Handbook Series Number B-2310 Investment Management Institute 2017 Volume Two Co-Chairs Barry P. Barbash Paul F. Roye To order this book, call (800) 260-4PLI or fax us
More informationInvestment Management Institute 2017
CORPORATE LAW AND PRACTICE Course Handbook Series Number B-2310 Investment Management Institute 2017 Volume Two Co-Chairs Barry P. Barbash Paul F. Roye To order this book, call (800) 260-4PLI or fax us
More informationInvestment Management Institute 2017
CORPORATE LAW AND PRACTICE Course Handbook Series Number B-2309 Investment Management Institute 2017 Volume One Co-Chairs Barry P. Barbash Paul F. Roye To order this book, call (800) 260-4PLI or fax us
More informationInvestment Management Institute 2017
CORPORATE LAW AND PRACTICE Course Handbook Series Number B-2309 Investment Management Institute 2017 Volume One Co-Chairs Barry P. Barbash Paul F. Roye To order this book, call (800) 260-4PLI or fax us
More informationUNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION
UNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION INVESTMENT ADVISERS ACT OF 1940 Release No. 5087 / December 21, 2018 ADMINISTRATIVE PROCEEDING File No. 3-18950 In the Matter of Respondent.
More informationSEC REPORTING SKILLS WORKSHOP 2017
SEC REPORTING SKILLS WORKSHOP 2017 Workshop Leaders Cheryl L. Linthicum George M. Wilson CHAPTER 18: Recent Enforcement Releases from the SEC: Xerox, Microsoft, America Online, Waste Management, Delphi
More informationInvestment Management Institute 2017
CORPORATE LAW AND PRACTICE Course Handbook Series Number B-2309 Investment Management Institute 2017 Volume One Co-Chairs Barry P. Barbash Paul F. Roye To order this book, call (800) 260-4PLI or fax us
More informationCase 2:09-cv RJB Document 1 Filed 07/22/09 Page 1 of 17
Case :0-cv-00-RJB Document Filed 0//0 Page of 0 0 DONALD W. SEARLES, California Bar No. 0 E-mail: searlesd@sec.gov LORRAINE B. ECHAVARRIA, California Bar No. 0 E-mail: echavarrial@sec.gov ROBERT H. CONRRAD,
More informationTechLaw Institute 2017:
INTELLECTUAL PROPERTY Course Handbook Series Number G-1312 TechLaw Institute 2017: The Digital Evolution Co-Chairs Philip Blum Marc S. Roth James G. Snell To order this book, call (800) 260-4PLI or fax
More informationNASD Regulation Announces Two Enforcement Actions Involving Sales of Variable Annuity and Life Insurance Contracts
NASD Regulation Press Release - 12/05/01 For Release: Wednesday, December 5, 2001 Contacts: Nancy Condon 202-728-8379 Michael Shokouhi 202-728-8304 NASD Regulation Announces Two Enforcement Actions Involving
More informationBEFORE THE BUSINESS CONDUCT COMMITTEE OF THE CHICAGO BOARD OPTIONS EXCHANGE, INCORPORATED
BEFORE THE BUSINESS CONDUCT COMMITTEE OF THE CHICAGO BOARD OPTIONS EXCHANGE, INCORPORATED In the Matter of: Centurion Securities, LLC 2 Rector Street 16 th Floor New York, New York 10006 and Gary Anderson
More informationValue This! Hot Topics in Valuation for Investment Advisers. Fall 2017
Value This! Hot Topics in Valuation for Investment Advisers Fall 2017 Presenters Nicole M. Kuchera Counsel Chicago, IL 312.964.3507 nkuchera@stradley.com Nicole Kuchera represents securities and commodities
More informationCommercial Real Estate Financing 2017
REAL ESTATE LAW AND PRACTICE Course Handbook Series Number N-652 Commercial Real Estate Financing 2017 Co-Chairs Steven R. Davidson Joshua Stein Everett S. Ward To order this book, call (800) 260-4PLI
More informationPractising Law Institute. CORPORATE LAW AND PRACTICE Course Handbook Series Number B Doing Deals 2017: The Art of M&A Transactional Practice
CORPORATE LAW AND PRACTICE Course Handbook Series Number B-2306 Doing Deals 2017: The Art of M&A Transactional Practice Chair Igor Kirman To order this book, call (800) 260-4PLI or fax us at (800) 321-0093.
More information) ) ) ) ) ) ) ) ) ) ) )
1666 K Street, N.W. Washington, DC 20006 Telephone: (202 207-9100 Facsimile: (202 862-0757 www.pcaobus.org INSTITUTING DISCIPLINARY PROCEEDINGS, MAKING FINDINGS, AND IMPOSING SANCTIONS In the Matter of
More informationCERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS, INC. ANONYMOUS CASE HISTORIES NUMBER 30450
CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS, INC. ANONYMOUS CASE HISTORIES NUMBER 30450 This is a summary of a Settlement Agreement entered into at the October 2017 hearings of the Disciplinary and
More informationNYSE ARCA, INC. June 19, 2018
NYSE ARCA, INC. NYSE REGULATION, Complainant, Proceeding No. 2017-06-00087 v. INTEGRAL DERIVATIVES, LLC June 19, 2018 and WILLIAM FALLON, Respondents. Integral Derivatives, LLC violated (i) NYSE Arca Rules
More informationAuditor independence has always been a regulatory
The Investment Lawyer Covering Legal and Regulatory Issues of Asset Management VOL. 23, NO. 12 DECEMBER 2016 Making Sense of Auditor Independence Issues By Clifford J. Alexander, Megan W. Clement, and
More informationSECURITIES LITIGATION & REGULATION
Westlaw Journal SECURITIES LITIGATION & REGULATION Litigation News and Analysis Legislation Regulation Expert Commentary VOLUME 22, ISSUE 5 / JULY 7, 2016 EXPERT ANALYSIS SEC Enforcement Developments Regarding
More informationBEFORE THE BUSINESS CONDUCT COMMITTEE OF THE CHICAGO BOARD OPTIONS EXCHANGE, INCORPORATED
BEFORE THE BUSINESS CONDUCT COMMITTEE OF THE CHICAGO BOARD OPTIONS EXCHANGE, INCORPORATED In the Matter of: Automated Trading Desk Financial Services, LLC File No. 16-0034 11 Ewall Street STAR No. 20140418701
More informationSEC Action Brings Lessons For Quantitative Fund Managers
Portfolio Media. Inc. 111 West 19 th Street, 5th Floor New York, NY 10011 www.law360.com Phone: +1 646 783 7100 Fax: +1 646 783 7161 customerservice@law360.com SEC Action Brings Lessons For Quantitative
More informationNBER WORKING PAPER SERIES EXCHANGE TRADED FUNDS: A NEW INVESTMENT OPTION FOR TAXABLE INVESTORS. James M. Poterba John B. Shoven
NBER WORKING PAPER SERIES EXCHANGE TRADED FUNDS: A NEW INVESTMENT OPTION FOR TAXABLE INVESTORS James M. Poterba John B. Shoven Working Paper 8781 http://www.nber.org/papers/w8781 NATIONAL BUREAU OF ECONOMIC
More informationAozora Bank. FY st Quarter Financial Results. (April 1 June 30, 2018) July 30, Copyright 2018 Aozora Bank, Ltd.All Rights Reserved.
Aozora Bank FY 1 st Quarter Financial Results (April 1 June 30, ) July 30, I. Financial highlights Earnings results Profit attributable to owners of parent was 11.3 billion yen, representing progress of
More informationFundamentals of Trademark Law in the Global Marketplace 2016
INTELLECTUAL PROPERTY Course Handbook Series Number G-1278 Fundamentals of Trademark Law in the Global Marketplace 2016 Co-Chairs Lynn S. Fruchter Jeffery A. Handelman Anne Hiaring Hocking To order this
More informationAccounting & Financial Reporting Enforcement Round-Up
1 Accounting & Financial Reporting Enforcement Round-Up In this issue: 3 Foreign Issuer Settles $3.3 Billion Accounting Fraud Action with the SEC 4 SEC Charges Company and Executives for Improper Software
More informationPLI February 22, 2016 Presentation on Manipulative Spoofing and Layering Trading Activity
PLI February 22, 2016 Presentation on Manipulative Spoofing and Layering Trading Activity 1 Gene G. DeMaio, Esq. John F. Malitzis, Esq. Robert A. Marchman, Esq. FINRA Department of Market Regulation 1
More informationHow to Read Financial Statements 2015
CORPORATE LAW AND PRACTICE Course Handbook Series Number B-2157 How to Read Financial Statements 2015 Chair Chad Rucker To order this book, call (800) 260-4PLI or fax us at (800) 321-0093. Ask our Customer
More informationInsurance Coverage for Governmental Investigations of Financial Institutions
NOVEMBER 2005 Insurance Coverage Insurance Coverage for Governmental Investigations of Financial Institutions By David T. Case and Matthew L. Jacobs 1 Over the last few years, many companies in the financial
More informationImportant Account-Related Information
ab Important Account-Related Information UBS Financial Services Inc. serves as the clearing firm for UBS International Inc., therefore most of the information in this material provided by UBS Financial
More informationInvestment Management Institute 2017
CORPORATE LAW AND PRACTICE Course Handbook Series Number B-2309 Investment Management Institute 2017 Volume One Co-Chairs Barry P. Barbash Paul F. Roye To order this book, call (800) 260-4PLI or fax us
More informationCommercial Real Estate Financing 2017
REAL ESTATE LAW AND PRACTICE Course Handbook Series Number N-652 Commercial Real Estate Financing 2017 Co-Chairs Steven R. Davidson Joshua Stein Everett S. Ward To order this book, call (800) 260-4PLI
More informationNYSE ARCA, INC. Appearances
NYSE ARCA, INC. NYSE REGULATION, Complainant, v. RAYMOND JAMES & ASSOCIATES, INC., FINRA Proceeding No. 20160501987 1 May 8, 2018 Respondent. Raymond James & Associates, Inc. violated: (i) NYSE Arca Rule
More information) ) ) ) ) ) ) ) ) ) II.
1666 K Street, N.W. Washington, DC 20006 Telephone: (202 207-9100 Facsimile: (202 862-0757 www.pcaobus.org INSTITUTING DISCIPLINARY PROCEEDINGS, MAKING FINDINGS, AND IMPOSING SANCTIONS In the Matter of
More informationCommercial Real Estate Financing 2017
REAL ESTATE LAW AND PRACTICE Course Handbook Series Number N-652 Commercial Real Estate Financing 2017 Co-Chairs Steven R. Davidson Joshua Stein Everett S. Ward To order this book, call (800) 260-4PLI
More informationIn the Matter of MANARIN INVESTMENT COUNSEL, LTD., MANARIN SECURITIES CORP., and ROLAND R. MANARIN, Respondents.
UNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION SECURITIES ACT OF 1933 Release No. 9462 / October 2, 2013 SECURITIES EXCHANGE ACT OF 1934 Release No. 70595 / October 2, 2013 INVESTMENT
More information) ) ) ) ) ) ) ) ) ) )
1666 K Street, N.W. Washington, DC 20006 Telephone: (202 207-9100 Facsimile: (202 862-8430 www.pcaobus.org INSTITUTING DISCIPLINARY PROCEEDINGS, MAKING FINDINGS, AND IMPOSING SANCTIONS In the Matter of
More informationBasics of International Taxation 2016
TAX LAW AND ESTATE PLANNING SERIES Tax Law and Practice Course Handbook Series Number D-466 Basics of International Taxation 2016 Co-Chairs Linda E. Carlisle John L. Harrington To order this book, call
More informationDigital Finance and Marketplace Lending REPRESENTATIVE TRANSACTIONS
Digital Finance and Marketplace Lending REPRESENTATIVE TRANSACTIONS Converting ones and zeros into dollars and sense. ArborCrowd Holding Company Formation of Real Estate Equity Crowdfunding Platform and
More informationREQUEST FOR INVESTIGATION
November 23, 2016 Andrew Ceresney Director, Division of Enforcement Securities and Exchange Commission 100 F Street NE Washington, DC 20549 Keith F. Higgins Director, Division of Corporation Finance Securities
More informationInvestment Management Institute 2017
CORPORATE LAW AND PRACTICE Course Handbook Series Number B-2310 Investment Management Institute 2017 Volume Two Co-Chairs Barry P. Barbash Paul F. Roye To order this book, call (800) 260-4PLI or fax us
More informationSEC PROPOSES LIQUIDITY RISK- MANAGEMENT RULES. Christopher D. Menconi, Sean Graber, Beau Yanoshik, David W. Freese January 20, 2016
SEC PROPOSES LIQUIDITY RISK- MANAGEMENT RULES Christopher D. Menconi, Sean Graber, Beau Yanoshik, David W. Freese January 20, 2016 2015 Morgan, Lewis & Bockius LLP Overview Introduction Liquidity Risk
More informationLaw Amendment and the FCPA Best Practices for Responding to a Chinese Government Commercial Bribery Investigation
Presenting a live 90 minute webinar with interactive Q&A New Chinese Anti Corruption Law Amendment and the FCPA Best Practices for Responding to a Chinese Government Commercial Bribery Investigation THURSDAY,
More informationComplying with U.S. Export Controls Association of Proposal Management Professionals April 2007
Complying with U.S. Export Controls Association of Proposal Management Professionals April 2007 Earl Estrada Special Agent in Charge Los Angeles Field Office Office of Export Enforcement Bureau of Industry
More informationSelect SEC and FINRA Broker-Dealer Cases and Developments: 2011 Year in Review. February 1, 2012
Select SEC and FINRA Broker-Dealer Cases and Developments: 2011 Year in Review In 2011, the SEC and FINRA continued their vigorous enforcement of the securities laws, resulting in an increase in enforcement
More informationReal Estate Tax Forum
TAX LAW AND ESTATE PLANNING SERIES Tax Law and Practice Course Handbook Series Number D-477 19th Annual Real Estate Tax Forum Volume Two Co-Chairs Leslie H. Loffman Sanford C. Presant Blake D. Rubin To
More information) ) ) ) ) ) ) ) ) ) ) )
ORDER INSTITUTING DISCIPLINARY PROCEEDINGS, MAKING FINDINGS, AND IMPOSING SANCTIONS In the Matter of Brian D. Donahue, CPA, Respondent. 1666 K Street NW Washington, DC 20006 Office: (202 207-9100 Fax:
More informationNYSE ARCA, INC. NYSE REGULATION, Complainant, FINRA Proceeding No v. INTERACTIVE BROKERS LLC May 23, 2017 Respondent. Respondent vio
NYSE ARCA, INC. NYSE REGULATION, Complainant, FINRA Proceeding No. 20120347730-01 1 v. INTERACTIVE BROKERS LLC May 23, 2017 Respondent. Respondent violated: (i) Exchange Act Rules 15c3-5(b) and (c)(1)(ii),
More informationUNITED STATES OF AMERICA BEFORE THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM WASHINGTON, D.C.
UNITED STATES OF AMERICA BEFORE THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM WASHINGTON, D.C. ILLINOIS DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION DIVISION OF BANKING SPRINGFIELD, ILLINOIS
More informationTHE NASDAQ STOCK MARKET LLC NOTICE OF ACCEPTANCE OF Awe
THE NASDAQ STOCK MARKET LLC NOTICE OF ACCEPTANCE OF Awe Certified, Return Receipt Requested TO: Archipelago Securities L.L.C. Mr. Paul D. Adcock Executive Principal 100 South Wacker Drive Suite 1800 Chicago,
More informationDISCIPLINE CASE DIGEST
DISCIPLINE CASE DIGEST Member: Jurisdiction: John Slawko Petryshyn Winnipeg, Manitoba Case 17-07 Called to the Bar: June 29, 1971 Particulars of Charges: Professional Misconduct (28 Charges): Breach of
More informationWhat Public Safety Plans Should Know About SEC Enforcement Of Its Pay To Play Rule
What Public Safety Plans Should Know About SEC Enforcement Of Its Pay To Play Rule Suzanne M. Dugan Luke Bierman Ray Sarola Cohen Milstein Sellers & Toll, PLLC Washington, DC ۰New York ۰Philadelphia ۰Chicago
More information11th Annual Patent Law Institute
INTELLECTUAL PROPERTY Course Handbook Series Number G-1316 11th Annual Patent Law Institute Co-Chairs Scott M. Alter Douglas R. Nemec John M. White To order this book, call (800) 260-4PLI or fax us at
More informationSEC Accounting Enforcement: Initiatives, Trends & Developments. April 19, 2012
SEC Accounting Enforcement: Initiatives, Trends & Developments April 19, 2012 Agenda Introduction Presentation Questions and Answers (anonymous) Slides now available on front page of Securities Docket
More informationPrivate Funds 2016 INVESTMENT MANAGEMENT CONFERENCE
2016 INVESTMENT MANAGEMENT CONFERENCE Private Funds Edward Dartley, Partner, New York Cary J. Meer, Partner, New York and Washington D.C. Adam J. Tejeda, Partner, New York Copyright 2016 by K&L Gates LLP.
More informationUNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION
UNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION SECURITIES ACT OF 1933 Release No. 9565 / March 27, 2014 SECURITIES EXCHANGE ACT OF 1934 Release No. 71823 / March 27, 2014 ACCOUNTING
More informationAddendum to: The Community Reinvestment Act: A Welcome Anomaly in the Foreclosure Crisis
Addendum to: The Community Reinvestment Act: A Welcome Anomaly in the Foreclosure Crisis Relevant Figures Recalculated to Include CRA Bank Affiliate Lending January 14, 2008 Prepared by: Attorneys at Law
More information) ) ) ) ) ) ) ) ) ) )
1666 K Street NW Washington, DC 20006 Office: (202 207-9100 Fax: (202 862-8430 www.pcaobus.org INSTITUTING DISCIPLINARY PROCEEDINGS, MAKING FINDINGS, AND IMPOSING SANCTIONS In the Matter of DRT Bagimsiz
More information) ) ) ) ) ) ) ) ) ) )
1666 K Street, N.W. Washington, DC 20006 Telephone: (202 207-9100 Facsimile: (202 862-0757 www.pcaobus.org INSTITUTING DISCIPLINARY PROCEEDINGS, MAKING FINDINGS, AND IMPOSING SANCTIONS In the Matter of
More informationFINANCIAL INDUSTRY REGULATORY AUTHORITY SD-2147
FINANCIAL INDUSTRY REGULATORY AUTHORITY In the Matter of the Continued Membership of Morgan Stanley Smith Barney, LLC Notice Pursuant to Rule 19h-1 of the Securities Exchange Act of 1934 SD-2147 Date:
More informationINVESTMENT INDUSTRY REGULATORY ORGANIZATION OF CANADA
INVESTMENT INDUSTRY REGULATORY ORGANIZATION OF CANADA IN THE MATTER OF: THE RULES OF THE INVESTMENT INDUSTRY REGULATORY ORGANIZATION OF CANADA (IIROC) AND JOHN SHANE MACEACHERN SETTLEMENT AGREEMENT I.
More informationAON PLC Filed by CAPITAL RESEARCH & MANAGEMENT CO
AON PLC Filed by CAPITAL RESEARCH & MANAGEMENT CO FORM SC 13G/A (Amended Statement of Ownership) Filed 02/11/02 Telephone (44) 20 7623 5500 CIK 0000315293 Symbol AON SIC Code 6411 - Insurance Agents, Brokers,
More informationPCAOB Sanctions Hong Kong Audit Firm, its New York Affiliate, and Four Individuals
PCAOB Sanctions Hong Kong Audit Firm, its New York Affiliate, and Four Individuals PCAOB Sanctions Hong Kong Audit Firm, its New York Affiliate, and Four Individuals Washington, May 19, 2016 The Public
More informationFinancial Executive Alliance Presentation November 5, 2014
PROVIDING ASSURANCE THROUGH EXPERIENCE Financial Executive Alliance Presentation November 5, 2014 Gary Watkins, Partner gwatkins@acacompliancegroup.com (804)379-7800 OUR FIRM AND MISSION Our Firm ACA Compliance
More informationFebruary 2015
Roundtable Road Show 2015 SEC Examination and Enforcement Trends for Investment Advisers February 2015 www.morganlewis.com Our Team Peter Chan, Chicago pchan@morganlewis.com +1.312.324.1179 Merri Jo Gillette,
More information) ) ) ) ) ) ) ) ) ) ) )
adler6 INSTITUTING DISCIPLINARY PROCEEDINGS, MAKING FINDINGS, AND IMPOSING SANCTIONS In the Matter of Nathan M. Suddeth, CPA, Respondent. PCAOB Release No. 105-2013-007 1666 K Street, N.W. Washington,
More informationDorsey Webinar: Annual Training Re: Municipal Securities Disclosure
Dorsey Webinar: Annual Training Re: Municipal Securities Disclosure To listen to the audio portion of the webinar, please dial 800-536-9136 / Access Code: 7205203. Materials and sign-in were enclosed in
More informationAPPLE INC FORM 8-K. (Current report filing) Filed 04/24/07 for the Period Ending 04/24/07
APPLE INC FORM 8-K (Current report filing) Filed 04/24/07 for the Period Ending 04/24/07 Address ONE INFINITE LOOP CUPERTINO, CA 95014 Telephone (408) 996-1010 CIK 0000320193 Symbol AAPL SIC Code 3571
More information2. The Enforcement Department of IIROC has conducted an investigation (the Investigation ) into the conduct of the Respondent.
INVESTMENT INDUSTRY REGULATORY ORGANIZATION OF CANADA IN THE MATTER OF: THE RULES OF THE INVESTMENT INDUSTRY REGULATORY ORGANIZATION OF CANADA (IIROC) AND XAVIER CHENG KUO LI SETTLEMENT AGREEMENT I. INTRODUCTION
More informationA Guide to AIM. The Junior Market of the London Stock Exchange. Practical Wisdom, Trusted Advice.
A Guide to AIM The Junior Market of the London Stock Exchange Practical Wisdom, Trusted Advice. www.lockelord.com AIM is the junior market of the London Stock Exchange, and has become a leading market
More informationDM2/
The IRS Wants You! Are You in Compliance? prepared for Pennsylvania Association of Public Employees Retirement Systems - 12 th Annual Fall Workshop November 2018 presented by John A. Nixon, Partner 2010
More information) ) ) ) ) ) ) ) ) ) II.
1666 K Street, N.W. Washington, DC 20006 Telephone: (202 207-9100 Facsimile: (202 862-0757 www.pcaobus.org INSTITUTING DISCIPLINARY PROCEEDINGS, MAKING FINDINGS, AND IMPOSING SANCTIONS In the matter of
More informationIn the Matter of McKenzie Walker Investment Management, Inc. and Richard C. McKenzie, Jr.
UNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION INVESTMENT ADVISERS ACT OF 1940 Release No. IA-1571 / July 16, 1996 ADMINISTRATIVE PROCEEDING File No. 3-9043 In the Matter of McKenzie
More information1Q09 Update. SEC Settlements Trends: Settlement Activity Increases As Change Comes to the SEC. April 9, 2009
April 9, 2009 SEC Settlements Trends: 1Q09 Update Settlement Activity Increases As Change Comes to the SEC By Dr. Elaine Buckberg with Dr. Baruch Lev and former NERA Senior Consultant Jan Larsen Settlement
More informationLegal Update: Breaking News: Advisers Can Answer Their Mail! Investment Management Group. SEC Staff Issues Guidance on Advertising Rule
Investment Management Group Legal Update: If you have questions or would like additional information on the material presented herein, please contact: George F. Magera 412.288.7268 gmagera@reedsmith.com
More informationFINRA s Most Significant 2016 Enforcement Actions
12 January 2017 Practice Groups: Broker-Dealer Global Government Solutions Government Enforcement Securities Enforcement FINRA s Most Significant 2016 Enforcement Actions By Jon Eisenberg and Michael T.
More information) ) ) ) ) ) ) ) ) ) II.
1666 K Street, N.W. Washington, DC 20006 Telephone: (202 207-9100 Facsimile: (202 862-0757 www.pcaobus.org MAKING FINDINGS AND IMPOSING SANCTIONS In the Matter of Darrin G. Estella, CPA, Respondent. PCAOB
More informationSEC Issues Preliminary Denial Notices for Two Nontransparent Actively Managed ETF Applications
November 2014 Practice Group: Investment Management SEC Issues Preliminary Denial Notices for Two U.S. Investment Management Alert By Stacy L. Fuller, Mark D. Perlow, and Timothy A. Bekkers Summary In
More informationBALLOT BOX BUDGETING. WAIS HASSAN, SUMMER ASSOCIATE GREENLINING INSTITUTE July 28, 2011
BALLOT BOX BUDGETING WAIS HASSAN, SUMMER ASSOCIATE GREENLINING INSTITUTE July 28, 2011 HOW DO INITIATIVES IMPACT THE BUDGET? Initiatives & the Budget: More than 300 initiatives considered in past century
More informationCOMPENSATION CLAWBACKS: TAX CONSEQUENCES FOR ISSUERS AND EXECUTIVES
COMPENSATION CLAWBACKS: TAX CONSEQUENCES FOR ISSUERS AND EXECUTIVES Rosina B. Barker Rosina.Barker@morganlewis.com 202.739.5210 2017 Morgan, Lewis & Bockius LLP What is a Clawback? Traditionally: Recoupment
More informationEdward Jones Transitional Retirement Account Brochure
Edward Jones Transitional Retirement Account Brochure as of March 29, 2018 Edward Jones 12555 Manchester Road St. Louis, MO 63131 800-803-3333 www.edwardjones.com Item 1: Cover Page This wrap fee program
More informationTHE NASDAQ STOCK MARKET LLC NOTICE OF ACCEPTANCE OF A WC
THE NASDAQ STOCK MARKET LLC NOTICE OF ACCEPTANCE OF A WC Certified, Return Receipt Requested TO: FROM: Dawson James Securities, Inc. Mr. Thomas W. Hands President 1 North Federal Highway Suite 500 Boca
More informationDigital Advice Platforms: Compliance & Legal Challenges 1 March 26, 2019
SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATION 2019 Annual Compliance & Legal Society Seminar Digital Advice Platforms: Compliance & Legal Challenges 1 March 26, 2019 Outline by: Stephen P. Wink
More informationGARY HORNE Respondent
NEW ZEALAND LAWYERS AND CONVEYANCERS DISCIPLINARY TRIBUNAL [2016] NZLCDT 36 LCDT 021/16 BETWEEN CANTERBURY WESTLAND STANDARDS COMMITTEE 1 Applicant AND GARY HORNE Respondent CHAIR Judge BJ Kendall (retired)
More informationTHE AMERICAN LAW INSTITUTE Continuing Legal Education
17 THE AMERICAN LAW INSTITUTE Continuing Legal Education For Financial Institutions: Securities Enforcement 2014 June 19, 2014 Telephone Seminar/Audio Webcast SEC Targets Another Fund Board in Recent Enforcement
More informationAddendum to: The Community Reinvestment Act: A Welcome Anomaly in the Foreclosure Crisis
Addendum to: The Community Reinvestment Act: A Welcome Anomaly in the Foreclosure Crisis Relevant Figures Recalculated to Include CRA Bank Affiliate Lending January 14, 2008 Authored by: WARREN W. TRAIGER
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C SCHEDULE 13D. Under the Securities Exchange Act of 1934 (Amendment No.
SEC 1746 (11-2) Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. UNITED
More informationWhat Do Investors Need to Know About Your Dealings with the FDA? Practice Pointers for Health Sciences Companies
Health Sciences Speaker Series What Do Investors Need to Know About Your Dealings with the FDA? Practice Pointers for Health Sciences Companies Aline Fairweather Scott Jones Sharon Klein Pamela Palmer
More informationMemorandum. SEC Allows Exclusion of Proxy Access Shareholder Proposal Due to Conflict with Management Proposal. Introduction.
Memorandum SEC Allows Exclusion of Proxy Access Shareholder Proposal Due to Conflict with Management Proposal December 8, 2014 Introduction On December 1, 2014, the Securities and Exchange Commission (
More informationThe exchange-traded fund (ETF) is arguably
The Investment Lawyer Covering Legal and Regulatory Issues of Asset Management VOL. 23, NO. 8 AUGUST 2016 ETF Industry Adjusts to Increased SEC Regulatory Scrutiny By Bibb L. Strench The exchange-traded
More informationNASDAQ OMX BX, INC. NOTICE OF ACCEPTANCE OF A WC
NASDAQ OMX BX, INC. NOTICE OF ACCEPTANCE OF A WC Certified, Return Receipt Requested TO: FROM: Global Execution Brokers, LP Mr. Brian Sopinsky Assistant Secretary 401 City Avenue Bala Cynwyd, PA 19004
More informationCCRSI RELEASE APRIL 2014 (With data through FEBRUARY 2014)
CCRSI RELEASE APRIL 2014 (With data through FEBRUARY 2014) PRICE MOMENTUM FOR COMMERCIAL REAL ESTATE CONTINUED TO BUILD IN FEBRUARY REFLECTING BROAD RECOVERY IN MARKET FUNDAMENTALS AND PRICING, EQUAL-WEIGHTED
More informationFebruary 13, Jonathan G. Katz Secretary Securities and Exchange Commission 450 Fifth Street, NW Washington, DC
1120 Connecticut Avenue, NW Washington, DC 20036 1-800-BANKERS www.aba.com World-Class Solutions, Leadership & Advocacy Since 1875 Sarah A. Miller Director Center for Securities, Trust and Investments
More informationSEC Adopts Rules Regarding Improper Influence on the Conduct of Audits
May 29, 2003 SEC Adopts Rules Regarding Improper Influence on the Conduct of Audits The SEC has adopted new Rules 13b2-2(b) and 13b2-2(c) under the Securities Exchange Act regarding improper influence
More information) ) ) ) ) ) ) ) ) ) II.
1666 K Street NW Washington, DC 20006 Office: (202 207-9100 Fax: (202 862-8430 www.pcaobus.org INSTITUTING DISCIPLINARY PROCEEDINGS, MAKING FINDINGS, AND IMPOSING SANCTIONS In the Matter of Gökhan Alpman,
More information) ) ) ) ) ) ) ) ) ) II.
1666 K Street, N.W. Washington, DC 20006 Telephone: (202 207-9100 Facsimile: (202 862-0757 www.pcaobus.org MAKING FINDINGS AND IMPOSING SANCTIONS In the Matter of Ray O Westergard, CPA, Respondent. PCAOB
More information) ) ) ) ) ) ) ) ) ) )
1666 K Street, N.W. Washington, DC 20006 Telephone: (202 207-9100 Facsimile: (202 862-0757 www.pcaobus.org INSTITUTING DISCIPLINARY PROCEEDINGS, MAKING FINDINGS, AND IMPOSING SANCTIONS In the Matter of
More information) ) ) ) ) ) ) ) ) ) )
1666 K Street NW Washington, DC 20006 Office: (202 207-9100 Fax: (202 862-8430 www.pcaobus.org INSTITUTING DISCIPLINARY PROCEEDINGS, MAKING FINDINGS AND IMPOSING SANCTIONS In the Matter of Deloitte & Touche
More informationNorthwestern Mutual Investment Services, LLC
Northwestern Mutual Investment Services, LLC Financial Planning Disclosure Brochure (As of March 29, 2012) Northwestern Mutual Investment Services, LLC 611 East Wisconsin Avenue Milwaukee, Wisconsin 53202
More information) ) ) ) ) ) ) ) ) ) )
1666 K Street, N.W. Washington, DC 20006 Telephone: (202 207-9100 Facsimile: (202 862-0757 www.pcaobus.org INSTITUTING DISCIPLINARY PROCEEDINGS, MAKING FINDINGS, AND IMPOSING SANCTIONS In the Matter of
More informationPay-To-Play Lessons From This Week's SEC Settlements - Law360
Page 1 of 5 Portfolio Media. Inc. 111 West 19th Street, 5th floor New York, NY 10011 www.law360.com Phone: +1 646 783 7100 Fax: +1 646 783 7161 customerservice@law360.com Pay-To-Play Lessons From This
More information