In another example of the adage “cyber risk is business risk”, Sydney-based hedge fund Levitas Capital recently shut down after a fake Zoom e-mail phishing attack resulted in multiple fraudulent wire transfer attempts. After a fake Zoom invite was opened by one of the fund’s founders,...

The SEC’s Office of Compliance Inspections and Examinations (OCIE) published a Risk Alert on November 19, 2020, identifying deficiencies with advisers’ compliance programs that they observed from recent adviser exams. The Risk Alert summarized six main areas where advisers were not complying with Rule 206(4)-7...

In an effort to expand access to capital markets for issuers and investors, on November 2, 2020 the SEC announced that it had approved amendments to certain of its rules relating to exempt private offerings. Among other things, the amendments: establish a new framework for analyzing...