by Ara Jabrayan | Mar 11, 2025 | Compliance Violations, Conflicts of Interest, Duty of Care, Fiduciary Duty, Investment Adviser Representative, policies and procedures, Registered Investment Advisers (RIAs), SEC Investment Adviser Compliance, Standards of Conduct, Suitability, Violations
On February 14, 2025, the SEC settled charges against a New York-based Registered Investment Adviser (RIA) and a former Investment Adviser Representative (IAR) of that firm. The RIA and IAR allegedly breached the fiduciary duty they owed to their clients. The RIA and...
by Ara Jabrayan | Mar 11, 2025 | Account Recommendations, Conflicts of Interest, Disclosure, fees, Fiduciary Duty, policies and procedures, Registered Investment Advisers (RIAs), RIA Compliance
On January 17, 2025, the SEC announced that it settled charges against a Registered Investment Adviser (RIA) for not disclosing the conflicts of interest created by the advisory firm’s incentive compensation payments to Investment Adviser Representatives (IARs). Those...
by Ara Jabrayan | Mar 6, 2025 | Advisory Contract, Code of Ethics, Fiduciary Duty, Investment Adviser Representative, Penalty, policies and procedures, Registered Investment Advisers (RIAs), RIA Compliance, RIA Compliance Policies, SEC Investment Adviser Compliance, SEC Rules
On January 17, 2025, the SEC announced that it had settled charges against two Registered Investment Advisers (RIAs), as well as against Merrill Lynch, Pierce, Fenner & Smith Incorporated (Merrill Lynch). Aside from being a broker-dealer, Merrill Lynch is an...
by Ara Jabrayan | Mar 6, 2025 | Code of Ethics, Conflicts of Interest, Disclosure, Fiduciary Duty, Fines, Investment Adviser Code of Ethics, Investment Adviser Representative, Liability, policies and procedures, Private Funds, Registered Investment Advisers (RIAs), RIA Compliance, RIA Compliance Policies, SEC Rules, Securities Exchange Act
On January 14, 2025, three Investment Adviser Representatives (IARs) settled charges brought by the SEC for acting as unregistered brokers. “This case highlights yet another way the StraightPath Funds were marketed and reflects that being associated with a registered...
by Ara Jabrayan | Feb 13, 2025 | Advertising, Chief Compliance Officer, Compliance Violations, Conflicts of Interest, Deceit, Deficiencies, Disclosure, Division of Enforcement, Endorsement, Hypothetical Performance, Investment Adviser Representative, Marketing Rule, policies and procedures, Promoter, Social Media, Violations, Website
On November 1, 2024, the SEC settled charges against a Registered Investment Adviser (RIA) in New York City. The RIA distributed advertisements using its public website, social media and email that contained endorsements from several professional athletes. Those...
by Ara Jabrayan | Feb 13, 2025 | Audit, Books and Records, Chief Compliance Officer, Code of Ethics, Communication, compliance deficiencies, Compliance Violations, Conflicts of Interest, Criminal, Deficiencies, Digital, Division of Examinations, Dually Licensed, Duty of Care, Electronic Communications Archiving Service, Examination Priorities, Fiduciary Duty, Fines, Form U4, Investment Adviser Code of Ethics, Investment Adviser Representative, Liability, Penalty, policies and procedures, Prison, Recordkeeping, Registered Investment Advisers (RIAs), RIA Compliance, RIA Compliance Policies, Risk, Standards of Conduct, State Investment Adviser Compliance, Supervision Initiative
A recent enforcement action has significant implications for Registered Investment Advisers (RIAs), especially for those with multiple Investment Adviser Representatives (IARs) and offices. The case illustrates the SEC’s expectations of firms related to their...
Recent Comments