WhatsApp for Registered Investment Advisers? A New SEC Enforcement Action, That’s What
By EsqSocial Corporation 18/04/24
On April 3, 2024, the US Securities and Exchange Commission (“SEC”) brought its first enforcement action against a “stand-alone” SEC registered investment adviser (“RIA”) for violations of, among others, Section 204 of and Rule 204-2(a)(7) under the Investment Advisers Act of 1940 (“Advisers Act”) arising from off-channel communications (“April Enforcement Action”)....
By: Mayer Brown