by Ara Jabrayan | Apr 29, 2021 | RIA Compliance, RIA Compliance Policies, SEC Investment Adviser Compliance, Uncategorized
On February 4, 2021, the SEC charged three individuals and their affiliated entities with running a Ponzi scheme that raised over $1.7 billion from securities issued by an asset management firm and Registered Investment Adviser (RIA). Approximately 4,000 of the 17,000...
by Ara Jabrayan | Apr 28, 2021 | Compliance Violations, Investment Adviser Representative, Registered Investment Advisers (RIAs), RIA Compliance, RIA Compliance Policies
On January 14, 2021, the SEC brought an enforcement action against a California-based Registered Investment Adviser (RIA) and its CEO, because they failed to make certain disclosures that led to clients being deceived. The firm also failed to reasonably supervise an...
by Ara Jabrayan | Apr 28, 2021 | Division of Examinations, Registered Investment Advisers (RIAs), RIA Compliance, Uncategorized
On March 3, 2021, the SEC’s Division of Examinations (Division) published its examination priorities for the year. These priorities are the driving force behind the Division’s examinations but are not exhaustive. Examiners may focus on other issues during an...
by Ara Jabrayan | Apr 28, 2021 | Advertising, De minimis exemption, Registered Investment Advisers (RIAs), RIA Compliance, SEC Investment Adviser Compliance, SEC Rules
On December 22, 2020, the SEC enacted the new Marketing Rule, which will have an enormous impact on Registered Investment Advisers (RIAs). The new rule will replace the prior Advertising Rule, as well as the Cash Solicitation Rule. The SEC also amended Form ADV and...
by Ara Jabrayan | Apr 27, 2021 | Office of Compliance Inspections and Examinations (OCIE), RIA Compliance, SEC Cybersecurity, SEC Investment Adviser Compliance, SEC Rules, Uncategorized
2020 was a busy year for the SEC’s Office of Compliance Inspections and Examinations. On November 19, 2020, Peter Driscoll, Director of the SEC’s Office Compliance Inspections and Examinations (OCIE), gave a speech at the National Investment Adviser/Investment Company...
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