Simpson Thacher Attorneys Author Article on First SEC Action for Rule 13f-1 Violation in 15 Years
03.17.23
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Counsel Meredith Abrams and David Nicolardi, and Associate Humza Rizvi authored an article which was published by Law360 and based off a client memo they recently authored with Partner David Blass. The article detailed a recently settled SEC enforcement action against Ensign Peak Advisors and the Church of Jesus Christ of Latter-day Saints for violations of Rule 13f-1. The article explains how the action, which is the first public enforcement action for a Rule 13f-1 violation in nearly 15 years, demonstrates the SEC’s intent to penalize firms and potentially individuals that fail to comply with its public market disclosure agreements. It further explores the SEC’s order, Form 13F reporting requirements and key takeaways from the SEC’s action.
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