Custody

Although the firm’s compliance manual contained generic language regarding the need to promptly update its Form ADV if there is additional information required for the ...

The adviser failed to have the funds and securities of seven of those pooled investment vehicles verified by actual examination or have audits performed of ...

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