Custody

Respondents failed, however, until long after making the investments, to inform the investors in the foreign currency-focused fund that some of the fund’s assets were ...

One must be pretty bad in the compliance role for the SEC to bar a person from serving as CCO.   In a new settlement, ...

This matter involves violations of the Advisers Act by Bradway Financial, a Commission-registered investment adviser, Bradway Capital, an investment adviser that claimed to be exempt ...

Things really have to be bad if your regulator gives you a deficiency letter warning that your use of a discounted cash flow method to ...

From 2012 through 2014 (the “Relevant Period”), Enviso Capital and two of its principals, Bowers and LaBerge, materially overstated the value of two private funds ...

Perhaps it’s not surprising that the principle/CCO of an RIA that operated out of a town many believe was named after Moby Dick author Herman ...

During that time, Bantry Bay’s overstated fees resulted in the Bantry Bay Clients paying an annual rate of 4.9% of their assets under management – ...

It may have taken three years of lobbying for the industry to wrest out of the SEC new guidance around custody (IA Watch, Feb. 23, ...

Take in one more sign that there’s a new sheriff in town. A new decision by an SEC ALJ bars an adviser who has spent ...

Despite several revisions of the SEC’s interpretation of the custody rule, the agency hasn’t budged on one tenet: having the ability to access a customer’s ...