Congressional Activity

IA "numbers have grown significantly in the last five years. Registered investment advisers grew by 22 percent—to about 15,000, up from approximately 12,500 in 2017. ...

"Since 2016, the number of private funds managed by registered investment advisers has increased 40 percent, to 50,000"

"Gatekeepers, such as accountants and attorneys, are often the first lines of defense against misconduct. When they fail to live up to their obligations, investors ...

"The funds we requested will support only about a 5 percent increase in the number of staff that examine investment advisers"

The Biden nominees speak to the president’s diversity agenda as Lizárraga is Hispanic and Uyeda is Asian

"I believe any regulatory response to digital assets must include measures to bring additional transparency to the conduct that makes this innovation possible"

"This fiscal year, this division is again on track to complete approximately 3,000 examinations [of IAs], which are critical to ensuring that firms comply with ...

The House Financial Services Committee approved legislation that would require family offices with assets above $750 million to file Form Ds with federal regulators. Offices ...

Banking giant Credit Suisse lost $5.5 billion on the collapse of Archegos Capital Management because “of a fundamental failure of management and controls” and in ...

The money may spur more whistleblower awards because the law requires the Commission to spend the money by Oct. 2022 or any of the remaining ...