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“We cannot overstate a firm’s continued need to assess whether its compliance program has adequate resources to support its compliance function. Resources means a lot ...
The final rule will effectively codify two decades’ worth of exemptive orders permitting registered funds and BDCs to exceed Investment Company Act Section 12 ownership ...
The required margin for each long or short position in a security future shall be fifteen (15) percent of the current market value of such ...
SEC rules also don’t prohibit you from doing one annual review for the entire entity but be sure you conduct separate testing for each RIA, ...
"We notice on exams when firms hire someone for the role to check the box but do not support or empower them.  We notice when ...
The parties that are likely to be affected by the amendments include investors and other market participants that use the information in these filings (such ...
"There’s no time to waste in setting to ourselves to this task, and we look forward to rolling up our sleeves to establish requirements for ...
Jay Clayton
"The totality was a package of rules and interpretations that will enhance the quality and transparency of retail investors’ relationships with broker-dealers and investment advisers.  ...
Engage in forensic testing to spot if some trade errors aren’t being reported. Be clear how you calculate a trade error and keep that documentation
The risk alert provides examples of notable deficiencies or weaknesses identified by OCIE staff in connection with the compliance rule
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