Custody

Many firms should be happy with the responses from the SEC in the agency's latest release this month of nine new or revised SEC FAQs ...

RIAs would not be considered to have custody of client assets simply by having the written authority to transfer client assets among different qualified custodians. ...

Here are more FAQs provided by the SEC for its custody rule. These are the additions released May 20, 2010.

Those surprise audits called for by the SEC's revised custody rule by definition dictate that you won't know when they'll occur but this doesn't mean ...

You know the SEC may well contact your clients about the safety of their assets during exams (IA Watch, March 23, 2009). Now the Commission ...

The newly revised custody rule includes two requirements that went into effect with the rule March 12: (1) Include a legend with statements to clients ...

The owners of the RIA act as trustees to the firm's 401(k) plan. However, this in and of itself wouldn't subject it to the new ...

The SEC's frequently asked questions around its custody rule.

For the third time this month - and for the first time since the revised custody rule took effect this month - the Commission has ...

Last week we mentioned you should get moving on that new legend requirement for account statements within the revised custody rule (IA Watch, March 15, ...