INVESTMENT ADVISER NEWS & GUIDANCE
5/25/2017 | Content area: Investment Adviser
Two weeks and counting. While the Labor Department won’t delay further next month’s implementation by the industry of “impartial conduct standards” un...
5/25/2017 | Content area: Investment Adviser
Years of wrangling over the constitutionality of the SEC’s ALJ setting appears to be coming to a head. Ten appeals court judges heard arguments May 24...
5/25/2017 | Content area: Investment Adviser
The SEC submitted a 2018 fiscal year budget request of $1.602 billion on May 23—a budget level that is essentially flat when compared with its fiscal ...
5/25/2017 | Content area: Investment Adviser
Big picture changes to the GIPS standards are being contemplated by the CFA Institute. The institute would like to see you weigh in on its recently re...
5/25/2017 | Content area: Investment Adviser
At a time when Republicans hold the trump card in Washington, regulators are on the defensive. But they are not giving up, either. Witness the scores...
5/18/2017 | Content area: Investment Adviser
Grappling with a hard-to-value asset can feel as frustrating as trying to kill a persistent weed in your garden. While valuation has cooled somewhat f...
5/18/2017 | Content area: Investment Adviser
Despite uncertainty about whether the Labor Department’s fiduciary duty rule will live or die –especially after its delay (IA Watch, April 13, 2017) –...
5/18/2017 | Content area: Investment Adviser
You can often hear Jeff Kleintop sharing his market analysis on CNBC and Fox Business News. In a presentation May 17, the Schwab senior VP and chief g...
5/17/2017 | Content area: Investment Adviser
If cyber bad guys were to compete for attention with their handiwork, then the unknown creators of WannaCry could claim the title – until the next big...
5/11/2017 | Content area: Investment Adviser
Call it the trifecta. Barclays Capital May 10 settled with the SEC for a range of compliance missteps that included overcharging clients by millions o...
5/11/2017 | Content area: Investment Adviser
Soft dollars enforcement actions brought by the SEC occur a bit more frequently than a Big Foot sighting. But when they do, they can leave a big impri...
5/11/2017 | Content area: Investment Adviser
It just might be the preeminent law firm used by investment advisers. But bet you didn’t know that Ropes & Gray also owns its own RIA.   Ropes Wealth ...
5/10/2017 | Content area: Investment Adviser
The Advisers Act expects that access persons will report their securities transactions and that you’ll review them. A former SEC staffer found there’s...
5/10/2017 | Content area: Investment Adviser
If your firm’s Form ADV brochure trumpets a staffer’s education or certification, make sure you confirm the claim.   That’s one lesson from the SEC’s ...
5/09/2017 | Content area: Investment Adviser
One year after the SEC’s OIG released a report recommending that OCIE provide it with a copy of a consultant’s study, the inspector general announces ...
5/05/2017 | Content area: Investment Adviser
Thomas Haider, the former CCO of MoneyGram, has settled his federal case that claimed he was negligent in overseeing the firm’s anti-money laundering ...
5/04/2017 | Content area: Investment Adviser
In recent years, OCIE examiners have been digging into “reverse churning” – parking a client in a fee-based advisory account and taking quarterly fees...
5/04/2017 | Content area: Investment Adviser
Former Sullivan & Cromwell Partner Jay Clayton was sworn in May 4 as chairman of the SEC, two days after the Senate confirmed him for the role. Despit...
5/04/2017 | Content area: Investment Adviser
The return on investment for social media appears to be on the rise—at least for financial professionals. American Century Investments’ seventh annual...
5/04/2017 | Content area: Investment Adviser
Even inadvertent payments – absent of fraud – can spark a costly regulatory case. Take the new $4.5 million settlement with the SEC by William Blair I...
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