In a recent enforcement action, the SEC issued a stern reminder of the requirement under the Advisers Act that investment advisers must enact and follow written policies reasonably designed to prevent violations of the rules governing the use of material non-public information (“MNPI”), particularly in the case where an investment adviser maintains employee board representation on a public company in its investment portfolio. [read post]

National/Federal Billions at Stake as Online Fundraising Practices Turn Off Voters MSN – Jessica Piper (Politico) | Published: 1/17/2023 Llyod Cotler, the founder of Banter Messaging, advises friends and family to write a check if they want to make political contributions and avoid online giving, lest their emails and phone numbers end up on lists that recirculate through the campaign world for eternity. [read post]