May 20, 2015

New Investment Company and Adviser Information Collecting Rules Proposed by the SEC

The SEC at an open meeting propose rules designed to increase the SEC’s regulatory oversight and risk monitoring of investment advisers and investment companies and to modernize and enhance data reporting.   With respect to investment advisers, the SEC proposed amendments to the investment adviser registration and reporting form (Form…

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May 18, 2015

Adviser Found to Have Operated a Deficient Compliance Program

The SEC brought an enforcement action against Trust & Investment Advisors, Inc. (TIA), based in Indianapolis, Indiana, Larry K. Pitts, its principal, and George M. Prugh, its Senior Vice President and CFO for failing to complete an annual compliance review and failing to develop a compliance manual. In additon, the…

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May 8, 2015

SEC Names David Grim as the New Director of the Division of Investment Management

The SEC named David Grim as the Director of its Division of Investment Management.  Mr. Grim has been the Division’s acting director since February, 2015, following the departure of former Director Norm Champ.

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