McGuireWoods Washington, D.C., partner
Emily Gordy was quoted in a
May 22, 2020, article in Law360 on the U.S. Securities and Exchange Commission’s “hyperfocus” on disclosure
issues and how the regulator is clamping down on investment advisers and
broker-dealers to improve the accuracy of their communication with their
clients. Recent settlements have shown that the agency wants to send a
clear message regarding disclosure in the financial services industry.
“There has been a renewed focus in terms of the importance of making sure
your marketing and communications to customers are accurate,” said Gordy, a
financial services litigation partner who held enforcement positions at the
SEC and the Financial Industry Regulatory Authority.
“The SEC has been very vocal about these concerns, their intent to police,
and to take action where needed to ensure that retail customers have
accurate information and are treated fairly,” Gordy said.