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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
Compliance may not be a check-the-box exercise anymore, but you've still got to check the boxes
The adviser failed to distribute required audited financials
The audits were completed pursuant to the International Standards on Auditing, not U.S. GAAS requirements; and the auditor was not registered with the PCAOB, resulting ...
The adviser purported to rely on the exception to the qualified custodian requirement but did not obtain an audit of each of the Funds and ...