February 15, 2019

SEC’s Division of Investment Management Issues Information Update Regarding Updated Forms

On February 1, 2019, the staff of the SEC’s Division of Investment Management issued an Information Update to indicate that several forms (e.g., Forms N-1A, N-2, N-14 and N-CSR) on the SEC website have been updated to reflect amendments recently adopted by the SEC.

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September 18, 2018

Elad Roisman Sworn in as SEC Commissioner

On September 11, 2018, Elad L. Roisman was sworn into office as an SEC Commissioner by SEC Chairman Jay Clayton. Mr. Roisman was nominated to the SEC by President Donald J. Trump, and his nomination was confirmed by the U.S. Senate on September 5. Commissioner Roisman comes to the SEC from the Senate Banking Committee, where he served as Chief Counsel.

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December 27, 2017

Final Tax Reform Legislation

On December 20, 2017, Congress passed tax reform legislation (the "Tax Act"). President Trump signed the Tax Act into law today. Most provisions take effect for tax years beginning after December 31, 2017. This Memorandum updates our previous analysis of the House and Senate Tax Acts, and focuses particularly on the issues that are most relevant to our Investment Management, Trusts & Estates and Family Office clients. Seward and Kissel's Trusts and Estates group has also reviewed the Tax Act and offered guidance on year-end planning. Section I of this Memorandum describes notable individual and corporate income tax changes. Section II describes certain provisions that affect investment managers. Section III describes certain provisions that affect investment funds.

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October 27, 2017

SEC Guidance on Non-GAAP Financial Measures

On October 17, 2017, the SEC Division of Corporation Finance issued new guidance on the use of non-GAAP financial measures.

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September 4, 2017

Dalia Blass named Director of the Division of Investment Management

Dalia Blass has been named Director of the Division of Investment Management. The Division oversees and regulates the multi-trillion dollar investment management industry. It is responsible for the regulation of investment companies, variable insurance products, and federally registered investment advisers.

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August 3, 2017

Director of the Division of Investment Management to leave the SEC

The SEC announced today that David W. Grim, Director of the Division of Investment Management, will leave the agency next month after more than 20 years of public service. The SEC announced today that David W. Grim, Director of the Division of Investment Management, will leave the agency next month after more than 20 years of public service.

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June 22, 2017

Seward & Kissel Participates in Washington, DC Compliance Roundtable

Click here for notes from June 15, 2017 members meeting with Mark J. Dowdell, Assistant Regional Director of Securities and Exchange Commission (Philadelphia Regional Office).

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May 2, 2013

OCIE Director to Leave the SEC

Carlo V. di Florio has announced that he is stepping down as Director of the SEC’s Office of Compliance Inspections and Examinations (OCIE).  Mr. di Florio was appointed Director of the SEC’s OCIE in January 2010. He was also in charge of the National Exam Program, which is comprised of…

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April 22, 2013

George Canellos and Andrew Ceresney Named Co-Directors of Enforcement

Acting Director George Canellos and former federal prosecutor Andrew Ceresney have been named Co-Directors of the Division of Enforcement.

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February 27, 2013

Fixed Income Roundtable to be Held by the SEC

The SEC will hold a roundtable on April 16, 2013 to discuss potential ways to improve the transparency and efficiency of fixed income markets. 

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