Compliance Alert – RIAs Must Provide CCOs with Adequate Support

A June 23, 2015 enforcement action against a Chicago-based Registered Investment Adviser (“RIA”) alleged that the firm and several persons committed numerous compliance failures. The SEC did not bring an action against the firm’s inexperienced Chief Compliance Officer...

Investment Adviser Code of Ethics Requirements

Pursuant to Rule 204A-1 under the Investment Advisers Act, each SEC-registered adviser must  adopt a code of ethics meeting the following minimum requirements: It must establish a standard of business conduct for all employees that reflects the adviser’s fiduciary...