The SEC announced yesterday that it is formally withdrawing a number of rules that had been proposed over the past few years, including several that would have significantly impacted SEC-registered…
The SEC has adopted significant rules and amendments under the Investment Advisers Act of 1940 relating to private fund advisers.
Last month, the SEC adopted amendments to Form PF. These amendments enhance the reporting requirements for certain SEC registered investment advisors that advise private funds. BACKGROUND Form PF is a…
In February, the SEC announced a proposal to significantly revise Rule 206(4)-2 (the “Custody Rule”) to help provide additional protections to client assets. Specifically, under the proposal, the Custody Rule…
The SEC’s Division of Examinations (the “Division”) announced its 2023 examination priorities earlier this month. These SEC exam priorities are announced each year to help promote and improve compliance and…
The SEC announced earlier this week that it is proposing to amend rules and forms to require registered investment advisers, certain advisers exempt from registration, registered investment companies and business…
The SEC’s Division of Examinations (the “Division”) announced yesterday its 2022 examination priorities. These SEC exam priorities are announced each year to help promote and improve compliance and protect investors.
The SEC issued a risk alert yesterday that provided detail on certain compliance issues observed during recent Advisory Fees Initiative examinations, including additional details regarding the observations of the staff…
The SEC announced today that it is significantly updating and modernizing rules under the Investment Advisers Act of 1940 (“Advisers Act”) relating to advertising and payments to solicitors. The amendments create a single marketing rule that replaces the current advertising and cash solicitation rules.
The SEC issued a risk alert today that provided an overview of notable compliance issues identified by examination staff of OCIE (Office of Compliance Inspections and Examinations) with regard to Rule 206(4)-7 (the “Compliance Rule”) of the Advisers Act.