The SEC brought charges against a fund manager for 13D violations, demonstrating that it will pursue enforcement actions against filers for Schedule 13D violations even without a pattern of repeat violations.
On Sept. 17, 2020, the SEC announced the settlement of charges brought against an investment manager of certain private funds (“IM”) for failure to timely amend a statement of beneficial ownership report on Schedule 13D (Administrative Proceeding File No. 3-20020).