Parsing SEC's Emerging Trend Of Section 204A Enforcement

By Alexander Cohen and Emily Fulginiti ( November 6, 2024, 2:46 PM EST) -- On Aug. 26, the U.S. Securities and Exchange Commission settled charges with Sound Point Capital Management LP for willfully violating Section 204A of the Investment Advisers Act by failing to establish, maintain, and enforce written policies and procedures reasonably designed to prevent the misuse of material nonpublic information despite no specific finding that the registered investment adviser or its employees illegally traded on MNPI or misused the information in any manner.[1]...

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