Carl Ayers
Since August, the qualified client definition jumped from an AUM test of $1 million to $1.1M and a net worth threshold of $2.1M to $2.2M
“We believe that converting paper submissions to electronic submissions would allow the Commission, and those persons filing the submissions, to more effectively and efficiently navigate ...
This and other actions by the CPO caused it not to “satisfy its duty of disclosure to participants and prospective participants,” which amount to fraud
Several states are challenging the Biden Administration rule and a federal appeals court Nov. 6 has temporarily blocked its implementation
"We should also take action to get the information we need about the effectiveness of Form CRS and the disclosures required under Regulation Best Interest, ...
"Since the adoption of Form PF, we’ve learned a lot. For example, the role of hedge funds was not immediately apparent in the March 2020 ...
DOE encourages advisers to review routinely, refine, and improve, as appropriate, their fee billing policies, procedures, and practices and address new risks as they are ...
"Compliance personnel should closely evaluate account opening procedures, to consider whether practices for selecting default account options or presenting or otherwise highlighting a subset of ...
We are adopting amendments to rule 205-3 to replace the specific dollar amount thresholds in the rule’s net worth and assets-under-management tests with references to ...
"We’ve got dozens of projects at the SEC, from the structure of our stock markets to the digital engagement practices"