Tag Archives: Advisers

SEC Launches Self-Reporting Initiative for Investment Advisers

In line with Chairman Jay Clayton’s oft-stated priority of protecting the long-term interests of Main Street investors, on Feb. 12, 2018, the Securities and Exchange Commission’s Division of Enforcement announced the launch of a new self-reporting initiative for investment advisers. … Continue reading

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Form ADV Amendments Vexing Some Advisers

The amendments to Form ADV, Part 1 that became effective October 1, 2017 are presenting some registered investment advisers with unforeseen problems as we move into “annual amendment season” in 2018.  As we previously highlighted among those changes to Form … Continue reading

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SEC Staff Gives Assurances to Advisers Keeping Alternate Records under Pay to Play Advisers Act Recordkeeping Rule

The staff of the Division of Investment Management has given no-action assurances under the government plan recordkeeping rule, adopted in conjunction with the pay to play rule, to investment advisers to Covered Investment Pools who keep an alternative set of … Continue reading

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The Controversy Over a Fiduciary Standard for Advisers & Brokers Heats Up

The Dodd-Frank Act gives the SEC the authority to require a uniform standard on advisors and commission-dependent brokers and required the agency to conduct a six month study examining the issues surrounding such a standard. In January, the SEC released … Continue reading

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FINRA's Ketchum Discusses House Draft Authorizing SRO for Investment Advisers

Praising the draft legislation authorizing an SRO for investment advisers of sponsored by Financial Services Committee Chair Spencer Bachus (R-Ala) as a thoughtful approach to investment adviser regulation, FINRA chief Richard Ketchum said that if FINRA becomes an SRO for … Continue reading

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