Investment Adviser News & Guidance
If there’s one solid takeaway from the recent RiverFront enforcement action it’s to be as clear as you can in describing your step-out trades within wrap fee programs.   The SEC fined the Richmond, Va.-based RiverFront Investment Group ($5.5B in AUM) for Form ADV disclosures that didn’t keep up with...
Dating from at least the SEC’s heightened interest in adviser use of expert networks a few years ago, compliance officers have developed various methods to monitor staff to ensure they’re not tempted to trade on material, non-public information learned in meetings.   “We’re aware of every scheduled ...
You’ve been put on notice that OCIE will be doing a sweep exam looking at compliance P&Ps over the selection of mutual fund share classes that clients get placed into (IA Watch, July 13, 2016).   One of your peers shares her recent exam experience to warn that OCIE examiners may interpret a fiduciar...
Full text of the Securities Acts, final and proposed rules, enforcement actions and regulatory releases.