In the investment advisory world, a positive performance report of an investment account means everything. Unfortunately, in the case of Vineet Kalucha, the Chief Investment Officer (“CIO”) of the New York-based hedge fund advisory firm Aphelion Fund Management, the altering … Read More
As increasing consideration is given to the use of social media in the financial industry, the Securities and Exchange Commission (“SEC”) continues to follow in step with evaluating new developments and concerns in its March 2014 Investment Management (IM) Guidance, … Read More
The Financial Industry Regulatory Authority (“FINRA”) approved an amendment to its Supervision Rule that will require firms to perform background checks on applicants for registration, in an announcement made in an April 24, 2014 press release. These background checks would … Read More
A Guidance Statement released by the Securities and Exchange Commission’s (SEC) Investment Management Division in early November 2013 offers a warning to mutual funds and other investment companies to avoid naming funds in such a way that “suggests safety or … Read More
At the end of each month, Core Compliance & Legal Services, Inc. (“Core Compliance”) publishes a Risk Management Update (RMU), an in-depth article written by one of our staff members on a currently relevant topic in compliance, securities, and investment … Read More
A proposed alteration to Rule 506 under Regulation D of the Securities Act of 1933 permitting issuers, including private investment funds (e.g., hedge funds), to advertise to a broad investor public was approved on July 10 by the Securities and … Read More