SEC Hot Topic: Compliance Tips for Evaluating Your Firm’s Advisory Fees and Expenses
2021 IAA Investment Adviser Compliance Conference | March 5, 2021 | Speaker: Michelle L. Jacko, CSCP
SEC Provides Long-Awaited Guidance and Requests Comments to Help Protect Bitcoin Investors
When the price of a much-publicized asset increases 296% as Bitcoin did in 2020, it’s bound to attract attention from institutional investors, the general public, and the U.S. Securities and Exchange Commission (SEC). After taking 10 years since its creation … Read More
Helpful Hints on What to Expect in 2021 from the SEC’s Division of Enforcement: No One is Above the Law
Closing out our short series of suggested focus areas for 2021, this blog post focus on the overall theme of the SEC’s Division of Enforcement’s Annual Report. Over the course of 2020, the industry has tried to navigate through unknown … Read More
What Every Chief Compliance Officer Needs to Succeed on the Job
The question of how many resources your firm should allocate to your compliance department to fulfill its regulatory responsibilities can be a hot-button topic for investment advisory firms of all sizes. The hard, cold truth is that senior management must … Read More
Preparing for Year-End – Investment Adviser Compliance Checklist
This year will certainly be one for the history books. The worldwide pandemic continues to impact our country and the way we live. For the financial industry, we have witnessed evolutions and changes of focus in regulatory examinations.
Helpful Hints on What to Expect in 2021 from the SEC’s Division of Enforcement: A Banner Year for Whistleblowers
In a recent blog post, we discussed poignant areas for 2021, due to the fluidity and lessons learned this year. As we all know, 2020 has changed the mindset and strategies of all businesses and the team at Core Compliance … Read More
Helpful Hints on What to Expect in 2021 from the SEC’s Division of Enforcement: COVID-19
While past performance cannot guarantee comparable future results, the information the U.S. Securities and Exchange Commission’s Division of Enforcement just released in its annual report for its 2020 fiscal year is a must-read for trendspotters who want to know what … Read More
Dually Registered Firms: Steps for Performing an Efficient Annual Review and Gap Analysis
In accordance with Rule 206(4)-7 of the Investment Advisers Act of 1940 (the “Act”), as amended, an investment adviser (“RIA”) registered with the Securities and Exchange Commission (“SEC”) is required to conduct an annual compliance review to assess the adequacy … Read More
What CCOs and Compliance Departments Need to Know About the SEC’s New Definition of ‘Accredited Investor’
Not long ago, the ability to invest in private offerings in the U.S. was limited to those whose annualized income and net worth afforded a country-club lifestyle. The requirements were an average income of $200,000 for the last two years … Read More
SEC Charges Birinyi Associates, Inc. with Unfair Trade Practices and Compliance Failures
On July 31, 2020, the Securities and Exchange Commission (“SEC”) announced it was charging Connecticut-based investment adviser, Birinyi Associates, Inc. (“BA” or the “Firm”), with violations of Sections 206(2) and 206(4) and Rule 206(4)-7 thereunder (“the Compliance Rule”) of the … Read More