In the past year there have been eight general types of SEC Enforcement actions:

  1. Failure to Adopt and Implement Cybsersecurity Policies and Procedures
  2. Inadequate Review of Investment Advisory Agreements
  3. Omissions and Misrepresentations Regarding the Nature of Client Investments
  4. Improper Handling of Client Assets
  5. Misrepresentations Regarding Investment Risks
  6. Omissions and Misrepresentations Regarding a Performance, AUM, and/or the Adviser’s Background and Disciplinary History
  7. Delayed Response to the Discovery of Trade Errors
  8. Inadequate Compliance Procedures or Compliance Resources