Custody

This adviser settled with the SEC for custody violations. These included not arranging annual surprise exams of assets it custodied.

This adviser settled with the SEC for violations of the custody rule, including failing to arrange for an annual surprise examination to verify the funds’ ...

Approval greets the decision by the SEC's Division of Investment Management to drop the requirement under the revised custody rule that certificates for private offerings ...

The Division would not object if an adviser does not maintain private stock certificates with a qualified custodian, provided that (1) the client is a ...

Complaints about the price of compliance drove Congress to direct the GAO to study how much it would cost advisers to comply with the SEC's ...

    Investment Advisers Act of 1940 — Section 17(f) Chicago Mercantile Exchange July 10, 2013 RESPONSE OF THE OFFICE OF CHIEF COUNSEL DIVISION OF ...

As OCIE's recent exam alert demonstrated, many advisers struggle with the agency's custody rule (IA Watch, March 18, 2013). Here are some questions submitted by ...

While some fund advisers would welcome the chance to avoid the mandate under the SEC's custody rule to undergo a surprise audit, the option doesn't ...

The last thing many advisers want to pay for is a surprise exam by an accountant because the firm is deemed to have custody. The ...

That new OCIE exam alert on custody spotlights how firms erred with the rule but also can be an instructive tool you can use to ...