Tag Archives: Advisers

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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Fair Valuation of Assets under Management Is Key Element of SEC Regime for Hedge Fund and Private Fund Advisers

Acting on a Dodd-Frank mandate, the SEC adopted regulations requiring that hedge fund and private fund advisers with $150 million assets under management register with the Commission. Given the $150 million asserts under management trigger for registration, the fair valuation … Continue reading

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Virginia Issues Policy on Private Advisers Choosing Not to Register in Virginia by July 21, 2011

The Virginia of Division of Securities and Retail Franchising will take no enforcement action against an investment adviser or its investment adviser representatives that choose not to register in Virginia by July 21, 2011, provided the adviser's only client is … Continue reading

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