2020 SEC Exam Priorities for RIAs
The SEC’s Office of Compliance Inspections and Examinations (OCIE) announced today its 2020 National Exam Program Examination Priorities.
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January 7, 2020
New SEC Risk Alert on Regulation S-P
The SEC’s Office of Compliance Inspections and Examinations (“OCIE”) has issued a risk alert relating to Regulation S-P, which requires SEC registered investment advisors to, among other things, provide privacy notices to their customers and adopt written safeguarding policies and procedures to safeguard customer information.
April 22, 2019
SEC Alert on Electronic Communications – What Advisors Need to Know
On December 14, 2018, the SEC’s Office of Compliance Inspections and Examinations (“OCIE”) issued a risk alert to remind investment advisors of their obligations with respect to electronic communications and social media and to help advisors improve their systems, policies, and procedures.
December 20, 2018
New SEC Proposals re Investment Advisers
On April 18, 2018, the SEC proposed an interpretation to reaffirm and clarify the Commission’s views regarding the fiduciary duty that investment advisers owe to their clients. In discussing this fiduciary duty, the SEC hopes to clarify for both advisers and their clients the legal obligations investment advisers have to their clients. In addition, the SEC proposed Form CRS, which would require advisers (and broker-dealers) to provide a “relationship summary” to retail investors.
April 19, 2018
ALERT: SEC No-Action Letter on SLOA Arrangements and the Custody Rule
The SEC recently issued a no-action letter (Investment Adviser Association, February 21, 2017) that provides clarification regarding whether an investment advisor acting on a standing letter of authorization ("SLOA") has custody under the Advisers Act.
February 22, 2017