by Ara Jabrayan | Jul 27, 2021 | Division of Examinations, Examination Priorities, FORM CRS/Form ADV Part 3, Investment Adviser Representative, Registered Investment Advisers (RIAs), RIA Compliance, RIA Compliance Policies, SEC NEWS, Uncategorized, Wrap fee
Wrap fee programs have been on the SEC’s radar for quite a while. When the SEC published its annual examination priorities in 2017, 2018, and 2019, wrap fee programs were mentioned as putting investors at risk. On July 21, 2021, the SEC’s Division of Examinations... by Ara Jabrayan | Jun 15, 2021 | Investment Adviser Representative, RIA Compliance, SEC Rules
On June 7, 2021, the SEC settled an action against a Registered Investment Adviser (RIA) in Scottsdale, Arizona. The SEC’s complaint alleged that the RIA failed to disclose the conflicts of interest related to the firm’s Investment Adviser Representatives (IARs)... 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 | Sep 27, 2020 | Code of Ethics, Investment Adviser Representative
On February 12, 2020, the SEC filed a civil enforcement action against a Registered Investment Adviser (RIA) in California, as well as the firm’s co-owners, for breaching their fiduciary duty and defrauding their advisory clients. The RIA and its co-owners allegedly... by Ara Jabrayan | Nov 8, 2019 | De minimis exemption, Investment Adviser Representative, Registered Investment Advisers (RIAs), RIA Compliance, SEC Investment Adviser Compliance, SEC Rules, State Investment Adviser Compliance, Texas
This year alone, the Texas State Securities Board has fined 4 Registered Investments Advisers (RIAs) for providing investment advice to Texas based clients without a proper registration or state notice filing. We would like to remind clients that they need to be... by Ara Jabrayan | Sep 19, 2019 | Examination Priorities, Investment Adviser Representative, North American Securities Administrators Association (NASAA), Registered Investment Advisers (RIAs), RIA Compliance, SEC Cybersecurity, SEC Investment Adviser Compliance, State Investment Adviser Compliance
Sample data from state securities examiners is collected every two years and is reported voluntarily to The North American Securities Administrators Association’s (NASAA) Investment Adviser Operations Project Group. At its recent annual meeting, NASAA has recently...
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