ARTICLE
11 April 2017

SEC Waives "Bad Actor" Disqualification For Dually Registered Investment Adviser And Broker-Dealer

CW
Cadwalader, Wickersham & Taft LLP

Contributor

Cadwalader, established in 1792, serves a diverse client base, including many of the world's leading financial institutions, funds and corporations. With offices in the United States and Europe, Cadwalader offers legal representation in antitrust, banking, corporate finance, corporate governance, executive compensation, financial restructuring, intellectual property, litigation, mergers and acquisitions, private equity, private wealth, real estate, regulation, securitization, structured finance, tax and white collar defense.
The SEC Division of Corporation Finance granted relief to Citigroup Global Markets Inc. ("CGMI") from any disqualification under Rule 506 of Regulation D regarding a January 26, 2017 Order that found CGMI to have overbilled clients.
United States Corporate/Commercial Law
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The SEC Division of Corporation Finance granted relief to Citigroup Global Markets Inc. ("CGMI") from any disqualification under Rule 506 of Regulation D regarding a January 26, 2017 Order that found CGMI to have overbilled clients (see previous coverage).

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

ARTICLE
11 April 2017

SEC Waives "Bad Actor" Disqualification For Dually Registered Investment Adviser And Broker-Dealer

United States Corporate/Commercial Law

Contributor

Cadwalader, established in 1792, serves a diverse client base, including many of the world's leading financial institutions, funds and corporations. With offices in the United States and Europe, Cadwalader offers legal representation in antitrust, banking, corporate finance, corporate governance, executive compensation, financial restructuring, intellectual property, litigation, mergers and acquisitions, private equity, private wealth, real estate, regulation, securitization, structured finance, tax and white collar defense.
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