Custody

"The Staff views prudent recordkeeping practices as being essential for investor protection in the operation of a broker-dealer, to perform an audit or examination of ...

It seldom fails. If compliance vows to do something and the firm neglects to follow through, it’s a sure bet an SEC examiner will take ...

The Advisory Agreements contained hedge clauses that purported to broadly limit Respondents’ liability. The language, when read in its entirety, is inconsistent with an adviser’s ...

These 8 FAQs were released in December 2025

"Trading platforms and market participants need to be able to operate under the certainty of clear market structure rules that facilitate fair and orderly markets ...

"This statement provides clarity about the Division’s views to broker-dealers seeking to provide custody services to their customers"

"This statement addresses any broker-dealer that carries crypto asset securities for customers, including broker-dealers that conduct a traditional securities business"

It’s a given you should know who your investors are. But when you add it all up, you should also be sure if any one ...

The new no-action letter "only addresses client crypto assets held by registered advisers or crypto asset investments of regulated funds that are subject to the ...

"Degrading our custody framework is a serious matter .... Ironically, as this relief seeks to poke holes in our custody regime, it suffers from several ...