by Ara Jabrayan | Oct 19, 2022 | Conflicts of Interest, Fiduciary Duty, Investment Advisers Act, policies and procedures, Registered Investment Advisers (RIAs), Regulation Best Interest (BI), RIA Compliance, RIA Compliance Policies, SEC Investment Adviser Compliance, SEC Staff Bulletin
On August 3, 2022, the SEC published a Staff Bulletin, which discussed investment advisers’ and broker-dealers’ conflicts of interest. The Staff Bulletin offered guidance on how firms can identify, eliminate, mitigate, and disclose those conflicts of interest. The... by Ara Jabrayan | Jul 20, 2022 | Chief Compliance Officer, Registered Investment Advisers (RIAs), RIA Compliance, SEC Investment Adviser Compliance
For Chief Compliance Officers (CCOs) who worry that they face personal liability for their mistakes, a recent enforcement action should provide some degree of comfort. After the CCO for a Georgia-based Registered Investment Adviser (RIA) was found personally liable by... by Ara Jabrayan | May 13, 2022 | 12b-1 Fees, Best Execution, Books and Records, Conflicts of Interest, Duty of Care, Fiduciary Duty, Investment Adviser Representative, Investment Advisers Act, Investment Advisers Act - Section 206(2), Investment Advisers Act - Section 206(4), Investment Advisers Act - Section 206(4)-7, policies and procedures, Registered Investment Advisers (RIAs), RIA Compliance, RIA Compliance Policies, SEC Investment Adviser Compliance, Share Class Selection, Wrap Program
On April 27, 2022, the SEC announced that it settled charges against a Registered Investment Adviser (RIA) in Downers Grove, Illinois. The SEC alleged that the RIA breached its fiduciary duty to advisory clients by failing to: Fully disclose its conflicts of interest;... by Ara Jabrayan | Apr 25, 2022 | Account Recommendations, Dually Licensed, Fiduciary Duty, Investment Advisers Act, policies and procedures, Registered Investment Advisers (RIAs), Regulation Best Interest (BI), Retail Investors, RIA Compliance, RIA Compliance Policies, SEC Investment Adviser Compliance, SEC Staff Bulletin, Standards of Conduct
The SEC’s Division of Examinations (Division) recently announced its priorities for the 2022 fiscal year. Not unexpectedly, as part of the Division’s focus on protecting retail investors, examinations will scrutinize whether firms are satisfying their obligations... by Ara Jabrayan | Apr 7, 2022 | Business Continuity and Disaster Recovery Plans, Crypto-Assets, Deficiencies, Division of Examinations, Emerging Technologies, Examination Priorities, Private Funds, Registered Investment Advisers (RIAs), Retail Investors, RIA Compliance, SEC Investment Adviser Compliance, Social and Governance (ESG)
The long wait for the SEC’s 2022 examination priorities is finally over. On March 30, 2022, the SEC’s Division of Examinations (Division) announced its priorities for the 2022 fiscal year. By reviewing these priorities, Registered Investment Advisers (RIAs) will be... by Ara Jabrayan | Feb 28, 2022 | Division of Enforcement, FORM CRS/Form ADV Part 3, Investment Advisers Act, Registered Investment Advisers (RIAs), RIA Compliance, SEC Investment Adviser Compliance
If Registered Investment Advisers (RIAs) and broker-dealers have not gotten the message about the importance of meeting their Form CRS obligations, the SEC has sent another shot across the bow. On February 15, 2022, the SEC announced that six RIAs and six...
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