Rajarengan Rajaratnam (a/k/a Rengan)

The Securities and Exchange Commission (SEC) issued an order granting an extension of time for the Division of Enforcement to file a response to Rajaratnam's Motion for Relief from Investment Adviser Bar. The SEC approved the two-week extension due to the age of the underlying conduct and unavailability of staff familiar with the matter, citing good cause shown. The main purpose is to extend the time for the Division to respond to Rajaratnam's motion, impacting the investment advisory industry by potentially delaying relief from a bar on association. Compliance considerations include ensuring timely responses to motions and applications, particularly in long-running matters involving significant conduct.