Custody

Word on the street reveals SEC examiners are slowly returning to on-site exams, although many remain virtual. Their interest in adviser marketing has only heated ...

During the examination, Commission staff informed Ali about the Advisers Act custody rule’s requirements and its prohibition against commingling client money with the firm’s. However, ...

ECM failed to engage an independent public accountant to verify by actual examination at least once during each calendar year the REOC Funds’ funds and ...

Bankers, insurers, real estate firms, syndicated loan companies unite with private fund advocates to make closing arguments

Because Woodbury failed to obtain verification by actual examination of the client funds and securities in the accounts by an independent public accountant, Woodbury violated ...

The firm failed to obtain verification of client funds and securities by annual actual examinations by an independent public accountant for the calendar years 2017 ...

Because Forepont did not provide advance disclosure to the limited partners of the Cayman Fund of these material facts concerning the transfers and the associated ...

Bankers, insurance companies, real estate managers walk with private fund advocates to stop 'fundamental changes' to custody system

A band of 26 industry group's send letter to SEC chairman claiming proposal creates a wide range of negative consequences across the U.S. financial markets

The OCC warned the SEC that the rule might sow confusion in the banking industry