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
NASSA Streamlines Filing Process
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
Soft Dollars and Disclosure
June 2014
Updates to Form PF
The list of reporting requirements for investment advisers (“IAs”) is constantly growing. As a joint initiative between the Securities and Exchange Commission (“SEC”) and the U.S. Commodity Futures Trading Commission (“CFTC”) under the U.S. Dodd-Frank legislation (“Dodd-Frank”), Form PF was … Read More
Background Check Requirement for Massachusetts IA Representatives to Take Effect in January 2014
Unlawful activities and prosecuted corruption by investment adviser representatives (“IAs”) in the Commonwealth of Massachusetts will now be harder to hide due to a new regulation requiring background checks for IAs which was passed by the Office of the Massachusetts … Read More
When Is An Investment Adviser Managing Venture Capital Funds Exempt From Registration?
Many investment advisers may be aware of the exemption from Securities and Exchange Commission (SEC) registration that is available for those who manage venture capital funds. But who exactly is eligible for an exemption, and how is a “venture capital … Read More
Permanent SEC Registration Now Required for Municipal Advisors
In yet another move to pass a series of regulations required under the 2010 Dodd-Frank Act, the Securities and Exchange Commission (SEC) recently adopted a rule mandating the permanent registration of municipal advisors with the agency. Shortly after the passage … Read More
Disclosure of Compensation Ratio Proposal Up For Review and Public Comment by SEC
As federal agencies work towards instituting more regulatory measures from the 2010 Dodd-Frank Act, the Securities and Exchange Commission (SEC) proposed a rule on September 18, 2013, mandated under Section 953(b) of the Act, which details new requirements for compensation … Read More
General Solicitation of Private Funds – It Has Finally Arrived
July 2013