RIA Disciplined For Failure to Conduct Annual Reviews

The SEC recently imposed sanctions on a Registered Investment Adviser (RIA) in Lexington, Kentucky, because it failed to conduct the required annual review of the firm’s policies and procedures. The firm also ignored its compliance manual, which stipulated that...

2015 SEC Enforcement Statistics and CCO Job Requirements

On October 22, 2015, the SEC announced its enforcement results for Fiscal Year 2015, including a number of first-of-their-kind cases. Chief Compliance Officers (“CCOs”) play an important role in preventing a Registered Investment Adviser (“RIA”) from becoming an...