Happy New Year! With the new year comes important annual and new filing requirements that are necessary to keep your firm compliant with applicable regulations. With this in mind, we are providing you with a summary of filing deadlines and … Read More
On December 15th, the North American Securities Administrators Association (“NASAA”), a nonprofit group whose membership is comprised of state and provincial securities regulators devoted to investor protection, launched the Electronic Filing Depository (“EFD”) to streamline the filing process for exempt … Read More
Eight audit firms spanning across the U.S. were recently sanctioned by the Securities and Exchange Commission (“SEC”) for failing to adhere to the auditor independence rules set forth in Rule 17(a)-5 of the Securities Exchange Act of 1934 during their … Read More
Effective communication is crucial in any relationship. It is an art that must be honed and perfected, especially within a business organization. The following are some tips to consider for advancing communication between the Chief Executive Officer (CEO) and Chief … Read More
The CFA Institute recently released its Guidance Statement on the Application of the Global Investment Performance Standards (GIPS) Standards to Asset Owners, which becomes effective on January 1, 2015. The Guidance Statement addresses the differences between the asset owner and … Read More
On October 15 The Securities and Exchange Commission (“SEC”) reported enforcement against a former Wells Fargo Advisors’ (“Wells Fargo”) compliance officer. Purportedly, Judy K. Wolf altered a document before submitting it to the SEC during an investigation. The SEC’s order … Read More
On October 24, The Securities and Exchange Commission (“SEC”) sanctioned a south-Florida auditing firm for violating federal laws and regulations requiring lead audit partners to periodically rotate off their audit engagements with a publicly-traded company in order to preserve the … Read More
On September 23, 2014, the Securities and Exchange Commission (“SEC”) charged Barclays Capital Inc. (“Barclays”), a global banking services firm, with “failing to maintain an adequate internal compliance system.” After acquiring Lehman Brothers, a financial services firm that filed for … Read More
The U.S. Securities and Exchange Commission’s (“SEC”) Office of Investor Education and Advocacy recently released Investor Alert: Investment Newsletters Used as Tool for Fraud to assist investors in avoiding cleverly disguised schemes in investment newsletters. Promoting stocks without disclosing compensations … Read More
The Securities and Exchange Commission (“SEC”) recently created the Office of the Investor Advocate “to ensure that the concerns of investors are appropriately considered as decisions are being made and policies are being adopted at the Commission, at self-regulatory organizations, … Read More