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
December 2014 “In the past few years, the Securities and Exchange Commission (“SEC”) has taken a tougher stance against recidivist behavior by registered investment advisory firms (“RIAs”). Recidivism refers to occurrences where an RIA has not corrected deficiencies noted in … 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
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 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
