Each year OCIE publishes its exam priorities to promote transparency of its examination program which oversees investment advisers, mutual funds and exchange traded funds, broker-dealers, transfer agents, clearing agencies, national securities exchanges, municipal advisors, FINRA, MSRB, SIPC and PCAOB. This … Read More ›
The SEC released a Risk Alert to remind advisers of their obligations when their personnel use electronic messaging, and to help advisers improve their systems, policies, and procedures. The alert identifies examples of practices that the staff believes may assist … Read More ›
Speech by SEC Commissioner Hester M. Peirce On October 30, 2018 Commissioner Peirce addressed the National Membership Conference of the National Society of Compliance Professionals. Several comments she made struck us as quotable: “…the majority of you are trying to … Read More ›
The SEC issued a Risk Alert on October 31, 2018 to provide investment advisers, investors and other market participants with information concerning the most common deficiencies related to the Cash Solicitation Rule. The alert discusses the requirements for using a … Read More ›
Examination Goals Fiscal year 2018 is over, and 2019 has begun. We don’t know if the SEC’s examination staff has met the goal of 2,120 examinations of registered investment advisers (“RIAs”) or not, roughly 15% of the number of SEC … Read More ›
Standard of Conduct for Investment Advisers The SEC continued to receive comments, with most of the later comments (after the cut-off date) from organizations that presumably gathered suggestions from their members and/or constituents: Members of Congress, AARP, NASAA, ABA, and … Read More ›
First, an update on the proposed Standards of Conduct for Broker-Dealers and Investment Advisers. Several thousand comments were received by the announced end of the comment period, and the SEC’s website is reflecting comments received after the comment period closed. … Read More ›
On July 11, 2018, the SEC’s Office of Compliance and Examinations (“OCIE”) issued the third Risk Alert for the 2018 fiscal year, “Compliance Issues Related to Best Execution by Investment Advisers,” following “Overview of the Most Frequent Advisory Fee and … Read More ›
On June 19, 2018, the SEC published a draft strategic plan for comment that outlined the Commission’s goals for the next four fiscal years, 2018 through 2022, and asked the public for comments on those goals. The core principles that … Read More ›
Krista S. Zipfel Director Focus 1 Associates LLC July 19, 2018 The sale of Advisor Solutions Group’s key assets adds Krista Zipfel, CFA to Focus 1’s senior leadership team … Read More ›