Hamlin Capital Management, LLC, a New York-based investment adviser, has been charged by the Securities and Exchange Commission (SEC) with violations concerning cross-trading activity that favored particular client accounts over others. To be more specific, Hamlin improperly moved tax-exempt municipal … Read More
Though the rule that requires firms to have a Code of Ethics (“Code”) is over a decade old, compliance professionals regularly deal with issues within their firms arising from the Code, and it’s not uncommon for firms to create a … Read More
With the recent updates to the requirements for Form ADV, many firms are wrapping up the preparation for their Form ADV Annual Amendment filing. Most firms should have spent the last few weeks gathering specific data points to address the … Read More
Since the new Form ADV compliance requirements came into effect on October 1, 2017, many investment advisers are still unsure as to what information they’re required to update and which part of the Form ADV they need to focus on.
Featured in the July 2017 edition of the National Society of Compliance Professionals (“NSCP”) Currents publication, our Lead Senior Compliance Consultant, Tina Mitchell, describes the essentials for advisors to prepare for the upcoming changes to Form ADV.
It’s that time of year again where registered investment advisers with a fiscal year end of December 31st must file their annual amendments to Form ADV. Investment Advisers have 90 days after their fiscal year end to make the filing, … Read More
Recently, the Securities and Exchange Commission (“SEC”) issued a “cease-and-desist” order against Dion Money Management, LLC (“Dion”) for “failure to disclose to clients the terms of certain compensation arrangements whereby the adviser received payments from third parties that were calculated … Read More
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