Advertising and marketing for investment advisers | Regulatory Compliance Watch

ADVERTISING AND MARKETING FOR INVESTMENT ADVISERS

Side view of happy young women and men sitting in cinema and watching movie, clapping hands.

New marketing rule FAQs analyzed

Featured April 4 2025

Shot of a group of businesspeople having a meeting in a modern office

New SEC Marketing Rule FAQs, March 2025

IA Rules & Regulatory Actions March 23 2025

Digital marketing concept, Businessman using laptop with Ads dashboard digital marketing strategy analysis for branding. online advertisement, ad on website and social media. SEO. SMM.

Marketing do’s and don’ts checklist

Featured February 7 2025

A British Police officer operating a hand held speed gun

False ad statements on a website cost adviser $175k

IA Rules & Regulatory Actions December 23 2024

Male and female professionals teamworking during brainstorming cooperation on paper documents, group of diverse employers discussing corporate investment of firm capital briefing in conference room

IA marketing mistakes to avoid

Featured November 22 2024

Cheerful businessman thumbs up posing and smiling at camera. Businessman showing OK sign with his thumb up. Business Concept - Portrait Handsome Business man showing thumb up and smiling confident face

Adviser fined over endorsements, performance

Featured November 8 2024

Head And Shoulders Portrait Of Smiling Mature Businesswoman Working In Modern Office

Adviser fined $250k for endorsements that don’t satisfy marketing rule

IA Rules & Regulatory Actions November 6 2024

Marketing rule sweep nets nine IAs

Featured September 12 2024

handsome 35 year old man in casual shirt goofed.

Untrue ad nails adviser for $150k

IA Rules & Regulatory Actions September 11 2024

Overworked businessman having problems at work.

Contradiction between ads and ADV disclosures costs adviser

IA Rules & Regulatory Actions September 11 2024

Wire Cord Trip Over And Fall. Feet Stumble On Cable

Web ads by adviser claiming no conflicts results in SEC fine

IA Rules & Regulatory Actions September 11 2024

Mature businessman gesturing "This Guy" and pointing to himself

Adviser fined over errant advertised testimonials

IA Rules & Regulatory Actions September 11 2024

This is me. Portrait of proud haughty handsome bearded young man in blue casual style shirt standing, looking away and pointing himself. indoor studio shot, isolated on pink background.

Ad claiming no conflicts leads to $325K fine against adviser

IA Rules & Regulatory Actions September 11 2024

digital marketing concept, online advertisement, ad on website and social media

Long ago kudo leads to adviser ad fine

IA Rules & Regulatory Actions September 11 2024

Man flexing his arms muscles and biceps showing his strength and male power, colorful background

Inability to substantiate ad claims costs adviser

IA Rules & Regulatory Actions September 11 2024

Egg, measuring tape, calculator and 401k indicating concern for investments.

Adviser fined for ads touting third-party ratings

IA Rules & Regulatory Actions September 11 2024

Conflict Of Interest

Unsubstantiated ad claims cost adviser $85k

IA Rules & Regulatory Actions September 11 2024

London Piccadilly during night evening

Adviser fined over hypothetical ads

Investment Advisers August 15 2024

Survey spotlights marketing rule compliance

Investment Advisers August 15 2024

Judge with gavel sitting at wooden table against light grey background, closeup

Seven-year case ends in $22 million fine

Featured July 25 2024

The Top 8 most common IA ad practices

Investment Advisers June 27 2024

two young asian entrepreneurs discussing business in office using digital tablet and laptop computer

SEC again shows need to be careful with ads

Featured June 20 2024

Business statistics concept. Marketing. Analysis. Management strategy.

Adviser fined over misleading private fund advertisements

Private Funds June 17 2024

New risk alert tackles marketing rule compliance

Featured April 25 2024

London Piccadilly during night evening

Initial Observations Regarding Advisers Act Marketing Rule Compliance

Featured April 18 2024

Man Carpet Stumble Accident And Falldown In House

Five advisers settle ad violations

Featured April 12 2024

A business man standing and staring at a blank billboard advertisement.

Failure to take ad audience into consideration costs adviser

IA Rules & Regulatory Actions April 12 2024

Japanese girlfriends hanging out on Shibuya streets of Tokyo. Japan.

Adviser agrees to pay $30k for web advertisements not meeting new...

IA Rules & Regulatory Actions April 12 2024

Big empty mockup Billboard along a highway with forest on background of blue sky with beautiful clouds on a bright sunny day.

Hypothetical ad failures bring $30k fine for adviser

IA Rules & Regulatory Actions April 12 2024

Times Square when 6 ft social distancing was a myth. Captured this while enjoying an open air bus ride in this magnificent and lively place. It is one of the world's busiest pedestrian intersections, and a major center of the world's entertainment industry.

Failure to judge audience for hypothetical performance costs adviser

IA Rules & Regulatory Actions April 12 2024

Hispanic worker falling on stairs while holding cordless drill

Adviser fined for misleading advertisements

IA Rules & Regulatory Actions April 12 2024

Business statistics concept. Marketing. Analysis. Management strategy.

Another look at extracted performance

PF Latest News April 11 2024

Close-up stock photograph showing a touchscreen monitor being used in an open plan office. A woman’s hand is asking an AI chatbot pre-typed questions & the Artificial Intelligence website is answering

Adviser settles SEC charges of misleading AI claims

IA Rules & Regulatory Actions March 18 2024

Woman holding ai icons with laptop

Former adviser fined for marketing compliance failures around AI

IA Rules & Regulatory Actions March 18 2024

Business people watching a presentation on the whiteboard. A man is writing on the whiteboard with charts and graphs. They are sitting in a board room, there are laptop computers and technology on the table. All are casually dressed. There is a window behind him with city views.

New SEC IA ad FAQs: Calculating IRR

PF Latest News February 8 2024

Businessman hand caught on a fishing hook with bait dollars money banknote. Business concept idea. fraud, risk, danger, bribe

Compliance issues, ad reviews cost adviser $4 million in SEC case

IA Rules & Regulatory Actions January 2 2024

A photo of a business meeting in a modern office with large windows. A businessman is standing up while his colleagues are sitting down. They are smartly dressed. Horizontal daylight indoor photo.

RCW exclusive: New SEC marketing sweep exam

Featured December 14 2023

Cybercriminal experts solving IT problems

SEC exam letter: expanded IA ad marketing sweep

Featured December 14 2023

Stressed businessman tripping above green meadow to catch his flying file folders

Deficient advertising P&Ps cost adviser $1M

Featured September 28 2023

A business man standing and staring at a blank billboard advertisement.

Problems around hypothetical ads under the old rule costs adviser

IA Rules & Regulatory Actions September 27 2023

In this closeup from inside the vehicle, an unrecognizable driver waits for an unrecognizable police officer as she writes him a speeding ticket. The officer can be seen holding a pad and pen and writing the ticket.

Another adviser settles for hypothetical ads on its website

IA Rules & Regulatory Actions September 18 2023

Policies and Procedures. Successful business, law and profit background

Enforcement case shows you must update P&Ps for hypothetical ads

IA Rules & Regulatory Actions September 18 2023

Frustrated woman working at home and looking at documents looking worried

Hypothetical ads on the web ensnare another adviser

IA Rules & Regulatory Actions September 18 2023

Man on scooter, pondering law obedience.

Adviser settles ad case for $100k, failed to keep copies of...

IA Rules & Regulatory Actions September 18 2023

business man with his head buried in the sand

Use of hypothetical ads without new P&Ps ends with an adviser...

IA Rules & Regulatory Actions September 18 2023

Why is that. Beautiful male half-length portrait isolated on trendy blue studio backgroud. Young emotional surprised, frustrated and bewildered man. Human emotions, facial expression concept.

Performance data on a website costs adviser

IA Rules & Regulatory Actions September 18 2023

Hand of referee with red card and whistle in the soccer stadium.

$60k fine for adviser due to hypothetical performance on its website

IA Rules & Regulatory Actions September 18 2023

Lost Something. Looking For Keys Or Things

Fine reaches $135k for adviser that violated new ad rule

IA Rules & Regulatory Actions September 18 2023

Businessman fallinghttp://www.twodozendesign.info/i/1.png

Failure to adopt advertising P&Ps costs adviser $50k

IA Rules & Regulatory Actions September 18 2023

Advertising P&P

IA Compliance Toolbox September 7 2023

Cleanup housework concept. Closeup cleaning woman sweeping wooden floor with red small whisk broom and dustpan indoor

Enforcement sweep: hypothetical performance

Featured August 24 2023

Photo of a small mess on a hard wood floor being swept up with a green broom.

SEC Enforcement Sweep on Hypothetical Ads

IA Compliance Toolbox August 24 2023

Man Carpet Stumble Accident And Falldown In House

First new ad enforcement case announced

Featured August 22 2023

Close up hand of businessman holding money dollar bills on wooden table. Using as concept of corruption , Business corruption, bribe. With copy space for your text.

Adviser cited for violating old cash solicitation rule, pays $250k in...

IA Rules & Regulatory Actions August 22 2023

A business man standing and staring at a blank billboard advertisement.

Adviser settles marketing enforcement case, pays more than $1m

Featured August 21 2023

Low Section Of Female Janitor Sweeping Crumbled Paper On Floor With Broom

Sources: advertising exam sweep underway

Featured August 10 2023

DOE Ad Sweep Exam Letter

IA Compliance Toolbox August 10 2023

Survey: Marketing remains red hot issue

Featured July 20 2023

The top 5 most common advertising practices

Featured June 29 2023

Shot of a group of young businesspeople having a brainstorming session in a modern office

Subscriber-requested story: Can you tell education from an ad?

Featured June 15 2023

More insights into advertising examinations

Featured June 15 2023

apanese girlfriends hanging out on Shibuya streets of Tokyo. Japan.

Second DOE risk alert on advertising released

Featured June 9 2023

Examinations Focused on Additional Areas of the Adviser Marketing Rule

IA Rules & Regulatory Actions June 9 2023

Times Square when 6 ft social distancing was a myth. Captured this while enjoying an open air bus ride in this magnificent and lively place. It is one of the world's busiest pedestrian intersections, and a major center of the world's entertainment industry.

New exam letter: ad rule questions

Featured May 25 2023

Open Letter: ESG and fiduciaries…

IA Compliance Toolbox May 22 2023

Long Exposure of Cars Passing in Times Square New York City

New data show few using ad rule

Featured May 11 2023

PF marketing rule questions

IA Compliance Toolbox April 26 2023

A wide-angle view of a board room meeting which is all women. They are discussing ideas and working on things together to come up with business opportunities.

Sample new exam advertising questions

Featured April 20 2023

Long Exposure of Cars Passing in Times Square New York City

Few firms embracing new ad capabilities

Investment Advisers April 20 2023

Amazing vibrant Times Square crowded with tourists and people sightseeing. New York City, Manhattan, USA.

K&L Gates’ Marketing and Advertising Checklist

IA Compliance Toolbox April 20 2023

Young woman holding an imaginary megaphone and shouting into it

Table to aid substantiation of advertising and marketing

IA Compliance Toolbox April 13 2023

Big empty mockup Billboard along a highway with forest on background of blue sky with beautiful clouds on a bright sunny day.

Ad rule: The benefit of an ‘evidence locker’

Featured March 23 2023

Latest RCW video: 16 steps to take ahead of new IA...

Investment Advisers March 20 2023

Pen and yellow sticky notes written with Clients Testimonial on wooden background.

Tips when using testimonials

Featured February 2 2023

Business marketing solution jigsaw puzzle

Tips to navigate tricky extracted performance

Featured January 26 2023

More reaction to SEC IA ad rule FAQ

Featured January 26 2023

Mature Adult man working in the office

Tailored Shareholder Reports for Mutual Funds and ETFs; Fee Information in...

IA Rules & Regulatory Actions January 24 2023

Business marketing solution jigsaw puzzle

Rule 34b-1 — Sales literature deemed to be misleading

Investment Company Act January 24 2023

Businessmen reviewing paperwork near glass wall in office

Another peek at exams and advertising

Featured January 20 2023

Cropped image of depressed man at the psychotherapist. Doctor is making notes while listening to his patient

New DOE Document Request Exam Letter

IA Compliance Toolbox January 19 2023

First of a series: Producing a P&P for testimonials

IA Latest News January 16 2023

Audience listening to asian male speaker and raising hands to ask a question at the conference hall. Man answering questions while giving a talk at corporate business meeting, forum. Selective focus

SEC issues new advertising rule FAQ

PF Latest News January 12 2023

Millennial businesswoman give handout materials to work team members during flipchart presentation, female speaker or coach share documents to workers, presenter hand papers to consider or analyze

Exams and the new ad rule

Featured January 12 2023

"Washington, DC, USA - October 4, 2012: The United States Securities and Exchange headquarters building located on F Street in Washington, DC. A security guard and other people are present in this photo. The U.S. Securities and Exchange Commission hold primary responsibility for enforcing federal securities laws."

New SEC FAQ for ad rule: Gross and Net Performance

IA Rules & Regulatory Actions January 11 2023

Insights into SEC advertising rule exams

Featured November 17 2022

Subscriber-requested story: Don’t let a deficiency tarnish an award

Featured November 10 2022

Tips for training on new ad rule

Featured October 27 2022

SEC IA advertising rule Q&A

Featured October 20 2022

Some final tips as SEC ad rule closes in

Featured October 13 2022

New ad rule: Showing performance

Featured October 13 2022

CFA Institute’s report comparing GIPS with SEC ad rule

IA Compliance Toolbox October 13 2022

Subscriber requested story: Ad rule: Use of interactive analysis tools

Featured September 29 2022

Advertising rule exams promised

Featured September 22 2022

RCW Compliance Toolbox: New checklist for IA ad rule

Featured September 22 2022

Checklist for new SEC IA ad rule

IA Compliance Toolbox September 22 2022

Examinations Focused on the New Investment Adviser Marketing Rule

IA Rules & Regulatory Actions September 19 2022

Advertising and marketing P&P

IA Compliance Toolbox September 15 2022

Solicitation P&P for new SEC IA ad rule

IA Compliance Toolbox September 15 2022

Marketing Rule: PF net returns made easy

IA Compliance Toolbox September 12 2022

Disclosure: Use of interactive analysis tools

IA Compliance Toolbox September 2 2022

Predecessor Performance Data P&Ps

IA Compliance Toolbox August 25 2022

SEC ad rule: What to do with your ‘promoters’

Featured August 18 2022

More signs advisers will embrace testimonials

Featured August 4 2022

More on how peers prep for new ad rule

Featured July 28 2022

Marketing Checklist for Testimonials/Endorsements

IA Compliance Toolbox July 28 2022

Testimonial Disclosures

IA Compliance Toolbox July 28 2022

Second in a series: Disclosure examples for new ad rule

Featured July 21 2022

Part 1 of a series: More tips to prep for the...

Featured July 14 2022

Advertising P&Ps

IA Compliance Toolbox July 14 2022

Marketing Disclosure Library

IA Compliance Toolbox July 14 2022

A woman at a business conference speaks and points to something off screen

A rule countdown without new guidance

Featured July 7 2022

Marketing practices insights provided

Investment Advisers June 30 2022

Yes, Virginia, there will be ad rule FAQs

Featured May 26 2022

RCW’s continuing series: Don’t view November as ad rule deadline

Featured May 5 2022

Short Series on New SEC IA Ad Rule

Investment Advisers May 5 2022

Top tip for new ad rule: Get moving

Featured April 14 2022

SEC Ad rule: Moving toward November

Featured March 24 2022

New ad questions on Form ADV

Featured March 17 2022

New York secondaries Next Gen leaders

Part of a series: New advertising rule and your P&Ps

Featured March 10 2022

New SEC IA Ad Rule: Q&A Part 1

Investment Advisers March 10 2022

Taking the measure of the accuracy of another adviser’s performance advertising

IA Latest News March 7 2022

First of a series: Use of social media under new ad...

Featured February 24 2022

Social media in IA ad rule

Investment Advisers February 24 2022

Shari’ah-compliant robo-adviser fined for host of compliance failures

IA Rules & Regulatory Actions February 10 2022

Missteps with hypothetical ads costs IA

Investment Advisers January 13 2022

Advertising violations cost adviser $70,000

IA Rules & Regulatory Actions January 13 2022

What are your questions about the SEC’s new IA advertising rule

Investment Advisers January 11 2022

Sample disclosures for firm websites

IA Compliance Toolbox January 6 2022

Testimonials: New IA ad rule

IA Compliance Toolbox December 2 2021

Testimonial P&P

IA Compliance Toolbox December 2 2021

SEC names guidance to be withdrawn tied to new IA ad...

Featured October 30 2021

IM withdraws more than 200 marketing related guidance

IA Rules & Regulatory Actions October 30 2021

SEC bars and fines CCO after slew of compliance issues at...

IA Rules & Regulatory Actions October 4 2021

Example of Performance Advertising

IA Compliance Toolbox September 9 2021

Advertising tops compliance concerns

Featured September 9 2021

Advertising Checklist

IA Compliance Toolbox July 22 2021

Marketing approval form

IA Compliance Toolbox July 15 2021

Comparison of GIPS 2020 v SEC IA ad rule

IA Compliance Toolbox June 17 2021

Comparing SEC IA ad rule with GIPS 2020 in Excel

IA Compliance Toolbox June 17 2021

Advertising P&Ps

IA Compliance Toolbox June 3 2021

Vive la difference? Not for ad rules

Featured May 27 2021

Subscriber-requested story: Advisers and podcasts

Featured April 8 2021

Dems may warm to principles-based rules

IA Latest News April 2 2021

IM issues first FAQ tied to SEC’s new IA ad rule

Featured March 25 2021

New SEC IM FAQ reminds that you must comply with the...

Investment Advisers March 25 2021

More insights into what’s an ad under new rule

Featured March 18 2021

Investment Adviser Marketing

Featured March 5 2021

K&L Gates’ SEC IA Ad Rule Recap

IA Compliance Toolbox March 4 2021

Steps to consider long before new ad rule begins

Investment Advisers February 11 2021

Recordkeeping and more from the ad rule: Final part in our...

Featured February 4 2021

Biden “pause” skips IAs

IA Latest News January 29 2021

Third in a series: New IA ad rule: Performance advertising

Featured January 28 2021

Second in a series: New SEC IA ad rule: Testimonials

Featured January 21 2021

The new testimonial rule

Investment Advisers January 21 2021

First of a series-Reaction to new ad rule: Big changes coming

Featured January 14 2021

Defining an advertisement

Featured January 14 2021

SEC unanimously approves advertising rule

Featured December 23 2020

Seven no-no’s in new SEC ad rule

Featured December 23 2020

Commissioners Lee and Crenshaw share concerns about IA ad rule

IA Speeches December 23 2020

Despite ‘flaws,’ Commissioner Peirce supports IA ad rule

IA Speeches December 23 2020

Commissioner Roisman expresses happiness with IA ad rule

IA Speeches December 23 2020

Case of the disappearing ad rule

Featured December 17 2020

Guidelines for Media Appearances

IA Compliance Toolbox December 17 2020

Subscriber-requested story: Keeping records related to performance

Featured November 5 2020

SEC proposal: Tailored Shareholder Reports, Advertisements for funds & ETFs

IA Rules & Regulatory Actions November 5 2020

IM’s Blass outlines busy regulatory agenda

Investment Advisers October 8 2020

Calculation of Performance Data

IA Compliance Toolbox October 1 2020

Asset managers should explain ESG, Roisman says

IA Latest News July 10 2020

Advisory firm’s survival could come down to SCOTUS

Investment Advisers June 18 2020

Lucia ends eight-year battle with the SEC

Featured June 18 2020

Ray Lucia settles 8-year-old case, after SCOTUS victory

Featured June 16 2020

SEC pursues adviser fined $37M in advertising case

IA Rules & Regulatory Actions June 15 2020

Adviser fined $30 million in F-Squared-related SEC lawsuit

Featured June 5 2020

Morgan Stanley settles misleading wrap fee info charges

Investment Advisers May 14 2020

Former adviser fined $3.2M for keeping investors in the dark

IA Rules & Regulatory Actions May 1 2020

Rule 206(4)-1 — Investment Adviser Marketing

Investment Advisers Act April 15 2020

Adviser’s claim of privilege suffers another hit

Investment Advisers February 27 2020

Diverse opinions litter advertising comments

Featured February 13 2020

Sacramento IA vows to fight SEC

IA Latest News January 13 2020

Advertising and Marketing checklist

Investment Advisers January 6 2020

Advertising & Marketing Checklist

Investment Advisers December 18 2019

Start the clock: Advertising proposal published

Featured December 12 2019

Deadline for advertising comments: Feb. 10

Featured December 10 2019

Proposed advertising rule: testimonials

IA Latest News November 14 2019

Many welcome new advertising rule proposal

Featured November 14 2019

Inside the proposed advertising rule revisions

Featured November 7 2019

Books and records changes proposed

Featured November 7 2019

AUM boom for charged unregistered IA tied to social media

IA Latest News September 26 2019

New advertising rule making its way through the SEC pipeline

Featured September 19 2019

More evidence SEC edging closer to issuing new advertising rule

Featured September 5 2019

Latest Lucia court battle ends with a whimper

IA Latest News September 5 2019

Cyber again leads as greatest compliance concern, survey shows

Investment Advisers July 18 2019

Two sides continue to slug it out in Lucia case

Investment Advisers July 18 2019

CFA Institute makes a big play for private fund advisers in...

Investment Advisers July 5 2019

Justice Department argues Lucia’s appeal should be dismissed

Investment Advisers June 7 2019

Appeals court dismisses adviser’s appeal seeking to protect consultant’s records

Investment Advisers May 16 2019

Retail investors targeted in alleged fraud created after suspect spent 20...

Investment Advisers February 28 2019

‘First-ever’ enforcement cases against robo-advisers illustrate continued focus on model

Investment Advisers February 14 2019

Former F-Squared CEO Howard Present loses his appeal on SEC fraud...

Investment Advisers January 28 2019

Overview of SEC Advertising Rules for Advisers

Investment Advisers January 1 2019

Hedgeable: Robo-adviser fined $80,000 for advertising violations; CCO didn’t realize social...

Investment Advisers December 21 2018

Wealthfront Advisers and f/k/a Wealthfront: Robo-adviser fined $250,000 for tweeting testimonials,...

Investment Advisers December 21 2018

Sterling Global Strategies: Adviser fined $175,000 for using improper back-tested performance...

Investment Advisers December 20 2018

Lucia sues the SEC again – challenging ALJ Constitutionality and seeking...

Investment Advisers November 29 2018

New evidence partly exonerates adviser months after he shut down his...

Featured October 18 2018

SEC’s IM Director outlines key rulemaking initiatives currently being pursued

Featured October 4 2018

That DJ who just ad libbed may have cost you a...

Featured September 20 2018

Creative Planning and Peter Mallouk: Personal trading reviews and testimonials lands...

Investment Advisers September 18 2018

Compliance kept in the dark over performance advertising, adviser fined $1.9...

Featured September 6 2018

Massachusetts Financial Services Company: $1.9 million fine tied to performance advertising;...

Investment Advisers August 31 2018

IAs optimistic about business prospects, concerned about cybersecurity

Investment Advisers August 9 2018

Firms and CCOs embrace social media despite a graying advertising rule

Investment Advisers July 26 2018

‘Dr. Len’ mixes some bad medicine for these advisers

Featured July 12 2018

Leonard Schwartz: Chiropractor and marketing consultant ‘Dr. Len’ fined $35,000 for...

Investment Advisers July 10 2018

HBA Advisors and Jaime Enrique Biel: $25,000 in fines for IA...

Investment Advisers July 10 2018

Brian Eyster: IA rep fined $10,000 for violating testimonial rule

Investment Advisers July 10 2018

William Greenfield: New Jersey adviser fined $10,000 for hiring marketer who...

Investment Advisers July 10 2018

Romano Brothers & Co.: YouTube videos lead to $15,000 fine against...

Investment Advisers July 10 2018

IA Watch Exclusive: Ray Lucia on years of fighting the SEC...

Featured June 28 2018

Adviser obtains permission to use advertising track record after merger

Investment Advisers May 10 2018

South State Bank: Jointly owned advisers receive permission to pass off...

Investment Advisers May 8 2018

More reasons to scrub the word ‘may’ from your Form ADV...

Investment Advisers May 3 2018

Howard Present: SEC bars former F-Squared head, fines him $12 million

Investment Advisers April 27 2018

Supreme Court arguments heard in IA case that could overturn SEC...

Investment Advisers April 26 2018

Adviser fined for CCO role in failing to oversee advertisements that...

Investment Advisers April 19 2018

Arlington Capital Management and Joseph LoPresti: $200,000 in fines as CCO...

Investment Advisers April 16 2018

Fraudulent initial coin offering that raised $32 million halted by SEC

Featured April 5 2018

Court records indicate why OCIE decided to examine F-Squared

Featured March 29 2018

Howard Present: The SEC continues its case against former F-Squared official...

Investment Advisers March 29 2018

Howard Present: Court Orders Former F-Squared CEO to Pay Over $13...

Investment Advisers March 22 2018

‘Low hanging fruit’ likely means enforcement will keep picking advertising cases

Featured February 15 2018

Supreme Court agrees to hear adviser’s case that challenges SEC ALJ...

Investment Advisers January 12 2018

Horter Investment Management: Another F-Squared victim; settles advertising fraud case for...

Investment Advisers December 8 2017

Ameriprise Financial Services: Nearly $9 million in penalties for passing on...

Investment Advisers December 8 2017

Institutional Investor Advisers: Citing compliance failures, SEC fines firm $200,000 for...

Investment Advisers December 8 2017

IA case leads SEC to ‘ratify’ ALJs in attempt to end...

Featured November 30 2017

F-Squared bankruptcy trustee seeks return of $30 million SEC disgorgement

Investment Advisers November 3 2017

F-Squared CEO found liable for misleading statements

Investment Advisers October 12 2017

New OCIE risk alert aims to help advisers avoid advertising deficiencies

Featured September 21 2017

The Most Frequent Advertising Rule Compliance Issues

Investment Advisers September 15 2017

An Advertising P&P

Investment Advisers September 14 2017

Navellier & Associates, Inc. and Louis Navellier: Advisory Firm and Founder...

Investment Advisers August 31 2017

Odds increase that High Court will take up ALJ issue as...

Featured June 29 2017

Barred IA takes his fight to an appeals court but really...

Investment Advisers April 27 2017

SEC ALJ bars CCO even as he looks forward to appealing...

Investment Advisers March 23 2017

GIPS to consider safe harbor to lessen documentation load on mutual...

Investment Advisers March 9 2017

Full judge panel to hear adviser’s Constitutional challenge of SEC’s ALJ...

Investment Advisers February 21 2017

Jeffrey Slocum & Associates and Jeffrey Slocum: Adviser hit with advertising...

Investment Advisers February 8 2017

Many tripwires lay before performance advertising so use it with care

Featured January 26 2017

SEC Commissioner Michael Piwowar talks about raising capital by small businesses

IA Rules & Regulatory Actions November 17 2016

A mix of pleasure and disappointment percolates after new SEC Form...

Investment Advisers September 8 2016

Advisory firms that relied upon false F-Squared claims now paying the...

Investment Advisers September 1 2016

SEC adopts amendments to Form ADV and the books and records...

Investment Advisers August 25 2016

AssetMark, Inc. (f/k/a Genworth Financial Wealth Management, Inc.): Another adviser fined...

Investment Advisers August 25 2016

Congress Wealth Management: Boston-based adviser fined for use of F-Squared performance...

Investment Advisers August 25 2016

BB&T Securities: SEC fines adviser for accepting third-party performance data

Investment Advisers August 25 2016

Constellation Wealth Advisors: Dual-registrant fined related to F-Squared case

Investment Advisers August 25 2016

Risk Paradigm Group: Another lesson that you must check third-party performance...

Investment Advisers August 25 2016

Executive Monetary Management: Failing to check F-Squared’s performance costs another adviser

Investment Advisers August 25 2016

J.J.B. Hilliard and W.L. Lyons: Document your due diligence; another post-F-Squared...

Investment Advisers August 25 2016

Ladenburg Thalmann Asset Management: $200,000 fine for adviser for not checking...

Investment Advisers August 25 2016

HT Partners: Another adviser fined for disseminating false performance data from...

Investment Advisers August 25 2016

Banyan Partners: De-registered adviser fined in F-Squared case

Investment Advisers August 25 2016

Prospera Financial Services: Another adviser fined in F-Squared case

Investment Advisers August 25 2016

Schneider Downs Wealth Management Advisors: The F-Squared performance data case claims...

Investment Advisers August 25 2016

Shamrock Asset Management: Another adviser fined over using F-Squared’s performance data

Investment Advisers August 25 2016

Former adviser suffers complete loss in appeal of his SEC ban...

Investment Advisers August 11 2016

SEC Chair Mary Jo White talks crowdfunding and Reg D before...

IA Rules & Regulatory Actions May 18 2016

Enforcement priorities, factors considered before bringing an action revealed

PF Latest News April 28 2016

30-year-old no-action letter has legs even if it stumbles in new...

Investment Advisers March 24 2016

Cantella & Co.: Adviser pays the price for not doing due...

Investment Advisers February 23 2016

J.P. Morgan fined $4 million for falsely stating broker comp tied...

IA Latest News January 7 2016

‘Imprecise’ disclosure surrounding advertised performance results in enforcement action

Investment Advisers December 3 2015

Alpha Fiduciary and Arthur Doglione: Adviser and CCO/owner settle advertising and...

Investment Advisers November 30 2015

Michael Shea: Former IA business developer settles SEC charges of false...

Investment Advisers November 30 2015

IA that hired F-Squared as subadviser caught up in false performance...

Investment Advisers November 19 2015

Virtus Investment Advisers: $16 million in penalties for adviser who failed...

Investment Advisers November 16 2015

Example of How to Demonstrate Past-Specific Recommendations

Investment Advisers November 12 2015

Undisclosed strategy change yields sanctions for two UBS advisory firms

Investment Advisers October 22 2015

Backtested ads have always required care, even more so post-Lucia ruling

Investment Advisers October 15 2015

SEC Commissioners home in on backtesting in “Buckets of Money” dissent

Investment Advisers October 8 2015

SEC Commissioners Gallagher and Piwowar explain dissent in IA advertising case

IA Rules & Regulatory Actions October 2 2015

Bennett Group Financial Services, LLC and Dawn J. Bennett: Radio host...

Investment Advisers September 9 2015

Commission votes 3-2 to bar adviser over misleading advertisements

Investment Advisers September 4 2015

Mackensen & Company, Inc., and Warren J. Mackensen: $100,000 penalty for...

Investment Advisers September 3 2015

Pre-existing relationships for general solicitation purposes include IAs and their clients

Investment Advisers August 27 2015

Citigroup Alternative Investments and Citigroup Global Markets: Firms settle over false...

Investment Advisers August 17 2015

Zeroing in on when a one-on-one presentation becomes an advertisement

Investment Advisers June 18 2015

Christopher Luck: Unregistered adviser didn’t act after learning of partner’s misrepresentations

Investment Advisers June 15 2015

Todd Schoenberger: Private fund manager takes steps to attract investors, then...

IA Rules & Regulatory Actions June 3 2015

Commissioner Michael Piwowar speaks about raising capital

IA Rules & Regulatory Actions June 2 2015

Ignoring repeated deficiencies spanning three separate exams lands penalties for firm,...

PF Latest News May 19 2015

SEC Commissioner Kara Stein talks about capital formation and public companies

IA Rules & Regulatory Actions April 30 2015

GIPS tips to avoid trouble on SEC exams

PF Latest News March 23 2015

Disclosure consistency will help reduce ‘red flags’ for examiners’ to spot

Investment Advisers March 19 2015

It’s permissible to use predecessor performance data but beware missteps potential

PF Latest News January 22 2015

Partner has made a fraud in the contract of sale and being handed a cash and pen to the businessman signing the contract corruption bribery concept.

Rule 506 — Exemption for Limited Offers and Sales without Regard...

Securities Act January 1 2015

Rich couple making a toast with champagne glasses while eating canapes aboard a private jet

Rule 501 — Definitions and Terms Used in Regulation D

IA Rules & Regulatory Actions January 1 2015

Rule 502 — General Conditions to Be Met

CPO/CTA Rules & Regulatory Actions January 1 2015

Rule 500 — Use of Regulation D

CPO/CTA Rules & Regulatory Actions January 1 2015

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