Regulatory Updates

SEC’s 2018 Examination Priorities Letter- Office of Compliance Inspections and Examinations (OCIE)

2018 National Exam Program Examination Priorities

FINRA’s 2018 Regulatory and Examination Priorities Letter

2018 Regulatory and Examination Priorities Letter

FINRA Updates Private Placement Filer Form Pursuant to FINRA Rules 5122 and 5123

Updated Private Placement Filer Form

United States Department of Labor – Employee Benefits Security Administration

“Conflicts of Interest Proposed Rule”

SEC’s Office of Compliance Inspections and Examinations and FINRA

“National Senior Investor Initiative”

FINRA Regulatory Notice 15-02

“DPP and Unlisted REIT Securities”

Securities and Exchange Commission(Oct. 10, 2014)

“Release No. 34-73339; File No. SR-FINRA-
2014-006”

SEC Recommendation of the Investor as Purchaser Subcommittee and the Investor Education Subcommittee:  Accredited Investor Definition (2014)

Industry News

Notice 2019-07 A notice on a proposed revenue procedure providing a safe harbor for certain real estate enterprises that may be treated as a trade or business for purposes of the QBI deduction.

Opportunity Zones Special Report   James Holleman, Grubb Properties, September 2019

Federal and State Security Laws Considerations   SEC.Gov Pub. L. No. 115-97, 131 Stat. 2054 (2017) July 15, 2019

Tax Notes – IRS Faulty Approach to CE Valuations Daniel A. Rosen & Baker McKenzie, June 24, 2019

SEC Wants to Ease Access to Private Placements Melanie Waddell, June 18, 2019

Rents Continue Their Downward Slide into April 2018 National Apartment Report- ABODO (4/2018)

SEC Advisor Exam Rates See Sharp Uptick Kenneth Corbin- Financial Planning (3/8/18)

Construction Costs Spike for Multifamily Projects Bendix Anderson- National Real Estate Investors (2/20/18)

Real Estate Forecast 2018 Sheila Hopkins- Real Assets Advisor (12/1/2017)

Yale’s Endowment Returns 11.3% for Fiscal Year Jody Barhanovich- Institutional Real Estate, Inc. (10/2017)

Finra: Who’s watching the watchdog? Mark Schoeff Jr. and Bruce Kelly (9/2/2017)

Investors start to prep for market disruptions Christine Williamson- Pensions& Investments (8/21/2017)

Doubts Arise as Investors Flock to Crowdfunded Start-Ups Nathaniel Popper- The New York Times (1/24/17)

An Unwelcome Gift From the IRS on Conservation Easements Ronald Levitt and David Wooldridge (1/9/2017)

Exchange Quarterly 2Q 2016 Mountain Dell Consulting, LLC (8/2016)

OCIE’s 2016 Share Class Initiative Office of Compliance Inspections and Examinations (7/13/2016)

Higher CMBS Defaults Expected in 2016 Elaine Misonzhnik (4/5/2016)

United States: EB-5 Due Diligence Matters: Industry At Point Of Inflection Regarding Securities Compliance” Douglas Hauer of Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.(11/4/15)

Citizen.VC No Action Letter: Clarity and Guidance for Conducting a Private Placement OnlineDaniel I. DeWolf and Samuel Effron- Mintz Levin Cohn Ferris Glovsky and Popeo PC   (08/10/2015)

Massachusetts’ Galvin to investigate alternative fund sales by advisers Trevor Hunnicutt InvestmentNews (7/15/15)

BlackRock Warns of Stock-bond Correlation, Suggests Illiquid Real Estate” Trevor Hunnicutt- InvestmentNews (7/13/15)

“Metrostudy Oil and the Texas Markets” Metrostudy (12/2/14)

ARCP Investor Call Replay“(Wed. 8/29/14)

“Welcome to the Everything Boom, orMaybe the Everything Bubble” NYTimes -The Upshot (7/7/2014)

“FINRA Board Approves Amendment to Supervision Rule Requiring Firms to Conduct Background Checks on Registration Applicants” FINRA News Release (04/24/14)

“United States: Securities And Exchange Commission Creates New Private Fund Unit Dedicated To Examination Of Private Equity And Hedge Funds” Mondaq (04/10/2014)

Economic Trends (Blogspot)

“Top 2014 Regulatory Priorities for B-Ds” OnWallStreet (2/10/14)

“What do advisers look for in alternative investments?” Investment News (11/14/13)

“The Case For Investing in Non-Traded REITs” Wealthmanagement.com (11/8/2013)

“How General Solicitation Will Change Private Equity And Venture Capital Forever” Forbes (9/23/ 2013)

“How Omaha is emerging as the RIA business’ center of gravity” RIA Biz (July 2013)