Month: March 2016

The Commission brought its first action based on Exchange Act Section 15B(c)(1) as amended by Section 275 of Dodd-Frank. Under that provision municipal advisors and their associated persons have a fiduciary duty to their municipal entity clients and are prohibited …

First SEC Case Re Dodd-Frank Municipal Fiduciary Duty Provision Read More »

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The SEC’s examination staff has, in recent years, become very aggressive. Some claim it is the front edge of enforcement. Regardless of your view, it is typically beneficial to follow their suggestions. Three indirect subsidiaries of American International Group, Inc. …

SEC Settles Charges Tied to Conflicts with AIG Affiliates Read More »

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