Results
On August 23, 2023, the Securities Exchange Commission (the “SEC”) adopted significant new rules for private fund advisers (the “Rules”)…
On September 5, 2023, the Securities Exchange Commission (the “SEC”) charged five advisory firms with violations of Rule 206(4)-2 (the…
On May 3, 2023, the Securities Exchange Commission (the “SEC”) approved significant amendments to Form PF (the “Amendments”), the confidential…
Shartsis Friese LLP has joined other prominent firms in the San Francisco Bay Area investment funds community to sponsor the…
Generally, an adviser that does business in California and has a gross annual revenue of over $25 million in the…
As noted in our Annual Letter, in 2021 the Federal Trade Commission adopted expanded and detailed rules implementing the requirement…
With the start of a new year, it’s a good time to look back at 2022’s developments in insider trading….
This is our annual letter briefly reviewing various issues that our investment adviser clients should consider over the next few…
Two recent enforcement “sweeps” by the U.S. Securities and Exchange Commission (“SEC”) serve as a reminder that the SEC at…
The November 4, 2022 deadline for compliance with Rule 204(4)-1 (the “Marketing Rule”) under the Investment Advisers Act of 1940…
The recently proposed Inflation Reduction Act of 2022 (“IRA”) includes a number of tax provisions, the most important of which…
The U.S. Securities and Exchange Commission (the “SEC”) recently proposed extensive new rules and amendments under the Investment Advisers Act…
Back in August 2021 the Securities and Exchange Commission filed a first-of-its-kind “shadow” insider trading case against Matthew Panuwat. Mr….
This is our annual letter briefly reviewing various issues that our investment adviser clients should consider over the next few…
On September 14, 2021, the SEC brought an unusual enforcement action against App Annie, a so-called “alt data” provider, and…
Last month the SEC filed a novel insider trading case worth taking a look at (a link to the SEC…
Gov. Gavin Newsom signed A.B. 150 into law on July 15, 2021. This law creates a workaround to the $10,000…
The U.S. Securities and Exchange Commission (the “SEC”) recently announced in Advisers Act Release 5756 that it has adjusted for…
The majority of insider trading compliance questions this year, by a wide margin, have been related to SPAC PIPE offerings. …
The Securities and Exchange Commission (the “SEC”) has finalized significant revisions to its rules under the Investment Advisers Act governing…
This is our annual letter briefly reviewing various issues that our investment adviser clients should consider over the next few…
The Securities Exchange Commission (the “SEC”) has rescheduled its compliance outreach program’s national seminar for investment companies and investment advisers…
In September and October, the U.S. Bureau of Economic Analysis (“BEA”) is conducting its 2019 Benchmark Survey of Financial Services…
The “accredited investor” definition largely has been unchanged since 1982, but on August 26, 2020, the Securities and Exchange Commission…
Two topics from recent SEC investment adviser enforcement cases, disclosure language and insider trading policies. Adviser Disclosures: What does “may”…