Custody

From 2013 until June 30, 2020, however, Arcadia failed to obtain the required surprise examinations for the client accounts for which it had custody

The onus falls upon the adviser to confirm that its auditor is both registered and subject to PCAOB inspection

A New York private fund adviser didn’t bother to audit one of its foreign funds for nearly a decade, and then was months late getting ...

Biscayne failed to timely distribute annual audited financial statements prepared in accordance with Generally Accepted Accounting Principles (“GAAP”) to investors in certain private funds that ...

Lend Academy failed to conduct and timely distribute annual audited financial statements prepared in accordance with Generally Accepted Accounting Principles (“GAAP”) to investors in certain ...

Ridgeview received the audit opinion for the Opportunity Fund on June 30, 2021. However, Ridgeview did not update or revise its Form ADV to “Yes” ...

QVR received audit opinions for the Funds on March 31, 2021. However, QVR did not update or revise its Form ADV until its next annual ...

Polaris purported to rely on the Audited Financials Alternative in order to comply with the custody rule, but Polaris failed to timely deliver the audited ...

Janus failed to timely deliver the audited financials to approximately 10% of the Best Ideas Fund’s investors in 2018, 2019, and 2020

Titan received an audit opinion for TD I on August 13, 2019. However, Titan did not update or revise its Form ADV until January 10, ...