Investment Advisers

SEC commissioners approve final rule creating a "consistent and efficient rules-based regime for the formation, operation, and oversight of fund of funds arrangements"
The SEC’s website has been updated to include a new web intake form for no-action and interpretive letter requests
The SEC passed this fund of funds' rule in 2020. It affect investment advisers to mutual funds but not private funds.
SEC report shows the Enforcement Division's costs jumped nearly 60% in one year, while OCIE's increased a mere 5%
OCIE vows to "review for the inappropriate use of complex investment products and evaluate the robustness and effectiveness of related supervisory policies and procedures.  OCIE ...
“Create a plan of action before we do anything,” Ingalsbe said of another lesson learned. “You have to have a team.” Legal and compliance should ...
Because these APFS registered representatives failed reasonably to investigate VXX, they did not understand how VXX works, the risks inherent in investing in VXX, or ...
Benjamin Edwards failed to implement advisory policies and procedures reasonably designed to prevent unsuitable recommendations that their retail advisory clients buy and hold the Complex ...
Without the benefit of the training required by the firm’s policies and procedures, certain of these Summit Financial IARs had a flawed understanding of VXX’s ...
Royal Alliance also failed to implement and reasonably design existing written policies and procedures that would safeguard against unsuitable investments in such products. For example, ...
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