Jacob Frenkel Speaks with Financial Planning about RIA Investigations
READ MORE- Frenkel, Jacob S. .
- Media Mentions
Click “Subscribe Now” to get attorney insights on the latest developments in a range of services and industries.
Jacob Frenkel (Member, Washington, D.C.) recently spoke with Financial Planning for an article titled “Is the SEC up to its $84-trillion RIA challenge?” The article considers the situation the Securities and Exchange Commission currently finds itself in; amid the disappointing results of the SEC’s latest annual performance review, which found a notable rise in the share of Registered Investment Advisors receiving exams coinciding with two missed goals around enforcement, and the loss of over 400 positions to contract cuts and a hiring freeze, the number of SEC-registered RIAs has soared by 13% over the past five years. Jacob argues, however, that the agency is in fact improving the efficiency of its investigations.
“Even when the Division of Enforcement was at its most robust staffing levels, there was always a clamoring for more investigative resources,” he said. “What we're seeing now with the more limited resources is an effort to prioritize and bring cases that are consistent with the Chairman's priorities and the agency's mission.”
To read more, click here.
Related Practices
Contacts
Recent Insights
- October 28, 2024 Video Minutes on the Matter with Mike Beckwith: Ten Requirements for Whistleblowers Under New DOJ Program
- September 12, 2024 In the News Dickinson Wright Files Writ of Mandamus with the U.S. Fifth Circuit Court of Appeals in Litigation Against the PCAOB
- July 12, 2024 In the News Check out Jacob Frenkel on CNBC’s Squawk Box segment, “Regulating meme stock mania: Should you tame the ‘Roaring Kitty’?”
- June 28, 2024 Media Mentions Seth was recently quoted in the Bloomberg Law article, “WeWork Stock Probe Led Back to Florida Man’s Real Estate Empire.”
- June 14, 2024 In the News John Cunningham Joins Dickinson Wright Washington, D.C. Office as a Member
- June 5, 2024 In the News Three Lawyers Join Dickinson Wright Washington, D.C. Office
- February 02, 2021 Media Mentions Jacob Frenkel Discusses GameStop Stock Saga with Multiple Major Media Outlets
- November 30, 2020 Webinars Unmasking COVID’s Second Wave: ‘Deals’ in Masks, Gloves, Cleaning and other Solutions Present Contracting, Audit, Regulatory and Enforcement Risks
- September 15, 2020 In the News Jacob Frenkel to Testify on Capitol Hill for Investor Protection, Entrepreneurship and Capital Markets Congressional Subcommittee