by Ara Jabrayan | Aug 30, 2023 | Account Recommendations, Advertising, Chief Compliance Officer, Code of Ethics, compliance deficiencies, Compliance Violations, Conflicts of Interest, Division of Enforcement, Division of Examinations, Emerging Technologies, Examination Priorities, Form ADV, Investment Adviser Code of Ethics, Investment Adviser Representative, Marketing Rule, policies and procedures, Press Releases, Registered Investment Advisers (RIAs), Retail Investors, RIA Compliance, RIA Compliance Policies, SEC Investment Adviser Compliance, SEC NEWS, SEC Rules, Social Media, Social Media White Paper, Solicitation, Standards of Conduct, State Investment Adviser Compliance
Although the Cash Solicitation Rule was incorporated in part in the Marketing Rule, there are lessons to be learned from a recent enforcement action. On August 22, 2023, the SEC settled charges against a Registered Investment Adviser (RIA) based in Washington, D.C.... by Ara Jabrayan | Jul 28, 2023 | 12b-1 Fees, ADV Part 2A, Books and Records, Chief Compliance Officer, Client Relationship Summary, compliance deficiencies, Compliance Violations, Division of Enforcement, Division of Examinations, Duty of Care, Examination Priorities, Fee Calculations, Fiduciary Duty, Form ADV, Investment Adviser Representative, Office of Compliance Inspections and Examinations (OCIE), policies and procedures, Registered Investment Advisers (RIAs), RIA Compliance, RIA Compliance Policies, SEC Investment Adviser Compliance, SEC Rules, State Investment Adviser Compliance, Wrap fee, Wrap Program
RIA Compliance Group has observed that SEC and state examiners are scrutinizing advisory firms’ fee arrangements and disclosures. Registered Investment Advisers (RIAs) must ensure that they have fully disclosed all of their fees in Form ADV including, but not limited... by Ara Jabrayan | May 10, 2023 | Account Recommendations, ADV Part 2A, Chief Compliance Officer, Code of Ethics, compliance deficiencies, Compliance Violations, Conflicts of Interest, Division of Enforcement, Division of Examinations, Duty of Care, Fiduciary Duty, Form ADV, FORM CRS/Form ADV Part 3, Improper Share Class Selection, Investment Adviser Code of Ethics, Investment Adviser Representative, Investment Advisers Act, Leveraged Exchange Traded Funds (ETFs), Office of Compliance Inspections and Examinations (OCIE), policies and procedures, Press Releases, Registered Investment Advisers (RIAs), Regulation Best Interest (BI), RIA Compliance, RIA Compliance Policies, Risk, SEC Investment Adviser Compliance, SEC NEWS, SEC Rules, Standards of Conduct, State Investment Adviser Compliance, Suitability
RIAs and IARs must comply with care obligations when recommending products with unique risks On May 4, 2023, the SEC announced that the Commission had settled charges against a Registered Investment Adviser (RIA) based in Fargo, North Dakota, as well as an Investment... by Ara Jabrayan | Apr 6, 2023 | Best Execution, Books and Records, Chief Compliance Officer, Compliance Violations, Crypto-Assets, Cyberattack, Cybersecurity, Deficiencies, Division of Enforcement, Division of Examinations, Duty of Care, Emerging Technologies, Environmental, Examination Priorities, Fiduciary Duty, Form ADV, Investment Adviser Code of Ethics, Investment Adviser Representative, Office of Compliance Inspections and Examinations (OCIE), policies and procedures, Press Releases, Private Funds, Registered Investment Advisers (RIAs), Regulation Best Interest (BI), RIA Compliance, RIA Compliance Policies, SEC Cybersecurity, SEC Investment Adviser Compliance, SEC NEWS, SEC Rules, SEC Staff Bulletin, Social and Governance (ESG), Standards of Conduct
On February 7, 2023, the SEC’s Division of Examinations announced its 2023 examination priorities. These examination priorities are published annually to provide insights into the SEC’s risk-based approach. The publication also identifies areas that present potential... by Ara Jabrayan | Jan 10, 2023 | Best Execution, Books and Records, Business Continuity and Disaster Recovery Plans, Chief Compliance Officer, compliance deficiencies, Compliance Violations, Conflicts of Interest, Examination Priorities, Fiduciary Duty, Form ADV, FORM CRS/Form ADV Part 3, Investment Adviser Code of Ethics, North American Securities Administrators Association (NASAA), policies and procedures, Press Releases, Registered Investment Advisers (RIAs), RIA Compliance, RIA Compliance Policies, Solicitation, Standards of Conduct, State Investment Adviser Compliance
Recently the North American Securities Administrators Association (NASAA) released its annual Enforcement Report. The publication highlighted the investigations and enforcement actions taken by state securities regulators to protect investors and maintain the... by Ara Jabrayan | Aug 22, 2019 | ADV Part 2B, Conflicts of Interest, Form ADV, Form U4, Investment Adviser Representative, RIA Compliance, RIA Compliance Policies, SEC Investment Adviser Compliance, State Investment Adviser Compliance
Registered Investment Advisers (RIAs) owe a duty to supervise persons associated with the firm with respect to activities performed on their behalf. In recent deficiencies letters, RIAs have been criticized for failing to adequately supervise their supervised persons,...
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