It’s time to review the Privacy Notice and policies and procedures surrounding Regulation S-P, including Safeguarding of Client Assets. On April 16, 2019, the Office of Compliance Inspections and Examinations, issued a Risk Alert describing compliance issues noted during examinations … Read More ›
The Securities and Exchange Commission (“SEC”) is proposing rules that would modify the registration, communications, and offering processes for business development companies (“BDCs”) and other closed-end investment companies (“CEFs”) under the Securities Act of 1933, as recently mandated by … Read More ›
This Risk Alert (December 14, 2018) is to remind advisers of their obligations when they allow personnel to use electronic messaging, and to help advisers improve their systems, policies, and procedures by sharing the staff’s observations with regards to Rules … Read More ›
Kudos to the SEC. Since 2013 when OCIE first identified its examination priorities for the upcoming year, they have been able to identify those priorities in the second fiscal quarter, but for 2019, OCIE identified those priorities on December 20, … Read More ›
SEC Regulatory Deadlines for Investment Advisers The information provided in this calendar is intended to help compliance officers update their regulatory calendars for 2019. It does not address all potential regulatory reporting and compliance obligations. Additionally, please note, this calendar … Read More ›
On December 20, 2018, the SEC’s Office of Compliance Inspections and Examinations (OCIE), released its examination priorities for 2019. As we know, “OCIE is responsible for conducting examinations of entities registered with the SEC, including more than 13,200 investment advisers, … Read More ›
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 ›