by Ara Jabrayan | Dec 23, 2019 | Cherry-Picking, Conflicts of Interest, Division of Investment Management News, Examination Priorities, Improper Share Class Selection, Investment Advisers Act, Registered Investment Advisers (RIAs), RIA Compliance, RIA Compliance Policies, SEC Investment Adviser Compliance, SEC Rules, Supervision Initiative, Uncategorized
On December 19, 2019, the SEC filed a complaint in federal court against a Sacramento, California-based investment advisory firm and its owner. The complaint alleged that the Registered Investment Adviser (RIA) and its owner defrauded hundreds of retail clients, most...
by Ara Jabrayan | Sep 20, 2017 | Code of Ethics, Division of Investment Management News, Fiduciary Duty, RIA Compliance, RIA Compliance Policies, SEC Investment Adviser Compliance, State Investment Adviser Compliance
On September 14, 2017, the SEC’s Office of Compliance Inspections and Examinations (“OCIE”) published a Risk Alert, which revealed the most frequent advertising rule compliance issues identified in OCIE examinations of Registered Investment Advisers (“RIAs”). OCIE’s...
by Ara Jabrayan | Feb 21, 2017 | Division of Investment Management News, Fiduciary Duty, Form ADV, RIA Compliance, RIA Compliance Policies, SEC Investment Adviser Compliance
The SEC’s Office of Compliance Inspections and Examinations (OCIE) publishes a list of the five compliance topics most frequently identified in deficiency letters sent to SEC-registered investment advisers.
by Ara Jabrayan | Jan 20, 2017 | Code of Ethics, Division of Investment Management News, Fiduciary Duty, Investment Adviser Code of Ethics, Press Releases, RIA Compliance, RIA Compliance Policies, SEC Cybersecurity, SEC Investment Adviser Compliance, SEC Rules
Each year, the SEC’s Office of Compliance Inspections and Examinations (OCIE) publishes its priorities, and 2017 is no exception. On January 12, 2017, OCIE announced its examination priorities. Registered Investment Advisers (RIAs) and other financial entities will...
by Ara Jabrayan | Oct 18, 2016 | Code of Ethics, Division of Investment Management News, Fiduciary Duty, RIA Compliance Policies, SEC Investment Adviser Compliance, SEC Rules, State Investment Adviser Compliance
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 the RIA would conduct those annual reviews.
by Ara Jabrayan | Apr 12, 2016 | Division of Investment Management News, RIA Compliance, SEC Investment Adviser Compliance, SEC Rules
On April 6, 2016, the Department of Labor (“DOL”) published its final version of the Fiduciary Rule. Although the rule did not match the length of the landmark novel, War and Peace, it came close at 1,028 pages. Depending upon the translation, War and Peace ranges...
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