Seward & Kissel Attorneys Discuss Recent SEC Exam Experiences and Regulatory Developments

Despite the unprecedented disruptions caused by the coronavirus pandemic, the SEC remains vigilant and active and is particularly attuned to the risk of market abuse, according to the speakers at a recent Seward & Kissel webinar. Philip Moustakis, counsel at Seward & Kissel and former Senior Counsel at the SEC, and counsel David Tang discussed recent and anticipated SEC examination activity; concerns over business continuity plans, disclosure, liquidity management and valuation; SEC filing and custody relief for advisers affected by the pandemic; and the new Form CRS. This article highlights the key portions of the presentation. For additional insights from Moustakis, see our two-part discussion with him: “Digital Assets Space” (Mar. 7, 2019); and “Enforcement Trends and Whistleblowers” (Mar. 14, 2019). For further commentary from Tang, see our two-part series “Lessons Learned From How Advisers Dealt With the October 2017 Amendments to Form ADV”: Part One (Feb. 7, 2019); and Part Two (Feb. 14, 2019).

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