However, if you’re unclear in what capacity you’re acting then you “should assume that both Regulation Best Interest and the Investment Advisers Act would apply
Provide a "list of any individuals or groups (e.g., internal committees, working groups, or transition teams), if any, assigned responsibility to oversee or manage the ...
The proposal would move “fund disclosures to the 21st century” by urging funds to use interactive and “user-friendly design features” to help investors “customize” information ...
RCW exclusives dominate this issue, including a first look at OCIE's Reg BI/Form CRS exam, OCIE examiners by regional offices, what's hot on exams, and ...
Failures stemmed from allocations tied to day trade and buy-and-hold clients
WBI and Millington, in their roles as investment advisers, disclosed to clients that Millington, in its role as a broker-dealer, received payments for order flow ...
I am concerned about the proposal’s treatment of acquired fund fees and expenses (“AFFE”). Specifically, the proposal would allow funds to exclude AFFE from their ...
The verbal explosion that has occurred in our releases over the last twenty years means that only securities attorneys and compliance professionals, who are paid ...
Fund shareholders may be paying these fees regardless of the funds in which they invest. Perhaps these shareholders would not mind paying this extra cost ...
Today’s proposal would establish a new disclosure framework for mutual funds and ETFs that modernizes the shareholder reports provided to existing investors and the prospectuses ...
It is long past time that we updated the structure of our IAC to reflect the lessons learned from other committees
Today’s procedures will enhance our ability to find high-quality committee members drawn from a broader pool of potential candidates than ever before
The new process marginalizes participation by the office best situated to handle the process—the Office of the Investor Advocate—and restricts functional membership categories in a ...
The proposal is designed to alleviate concerns that fund retail shareholders currently may receive disclosure materials that are not well-suited to their needs, which may ...
The economic impacts of COVID-19 have underscored the obstacles that many underrepresented entrepreneurs have historically faced in raising capital
As the SEC staff considers responses to our proposals to amend the accredited investor definition and modernize and streamline our exempt offering framework, now is ...
Another potential way to get capital to entrepreneurs without easy access to capital could be a micro-offering exemption that would enable entrepreneurs to raise money ...
Examiners asked for the names of clients lost , including the reason, method that the termination was communicated, termination date, and the account asset value ...
Another test this CCO does routinely really paid off this year. The CCO keeps a spreadsheet listing items from recent OCIE document request letters and ...
This is the document request letter OCIE sent to an adviser. It focuses strictly on cybersecurity
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