Annual Amendments and Required Updates
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
The Importance of ADV Disclosures and Following Internal Controls
On October 29, 2012, the Securities and Exchange Commission (“SEC”) accepted an Offer of Settlement with Tilden Loucks & Woodnorth, LLC (“Tilden”) for the firm’s alleged violations of the Investment Advisers Act of 1940 for not seeking best execution for … Read More
IARD System Updated to Reflect Changes to Form ADV Part 1A
As discussed in this previous Compliance Corner post, the SEC recently amended Form ADV Part 1A to incorporate numerous changes to the registration, reporting, and recordkeeping requirements imposed by the Dodd-Frank Act. The IARD system has now been updated to … Read More
What’s New in Form ADV?
Last week, in addition to adopting new investment adviser registration requirements and exemptions, the SEC adopted several revisions to Form ADV Part 1A that require advisers to provide more detailed information about private funds they advise, their advisory business (including … Read More
Division of Investment Management Releases Responses to Questions About the Pay to Play Rule and Part 2 of Form ADV
Two of the more significant final rules adopted by the SEC over the past year were the new “pay to play” rule adopted on July 1, 2010, and the amendments to Part 2 of Form ADV adopted on July 28, … Read More
SEC Announces Limited Time Extension for Preparation and Delivery of Form ADV Part 2B Brochure Supplements
The new Form ADV Part 2, which requires investment advisers to provide significant additional information about the firm and its supervised persons than was required by previous versions of the form, was adopted on July 28, 2010. The revised Form … Read More
Looking Ahead: Compliance Considerations for 2011
As 2010 comes to an end, firms should be aware of several important considerations with regard to their compliance programs. Investment advisers with a fiscal yearend of December 31 must file annual updates to Form ADV no later than March … Read More
Core Compliance and the Latest Developments in the Financial Services Industry
As the regulatory and legal landscape applicable to the financial services industry continues to go through unprecedented changes, Core Compliance will stay on top of the latest developments and, through this page, provide updates and practical considerations for complying with … Read More