by Ara Jabrayan | Sep 29, 2021 | 12b-1 Fees, Division of Examinations, Fiduciary Duty, Registered Investment Advisers (RIAs), RIA Compliance, SEC Rules, Uncategorized, Wrap fee
In recent weeks, the SEC has continued to bring enforcement actions against Registered Investment Advisers (RIAs) that breached their fiduciary duty to advisory clients. These enforcement actions demonstrate the SEC’s concerns about RIAs that breach their fiduciary... by Ara Jabrayan | Sep 28, 2021 | Cybersecurity, Investment Adviser Representative, Investment Advisers Act, Registered Investment Advisers (RIAs), Regulation S-P, RIA Compliance, RIA Compliance Policies, Safeguards Rule, SEC Cybersecurity, Uncategorized
Rule 30(a) of Regulation S-P, better known as the Safeguards Rule, requires firms to adopt written policies and procedures to address the administrative, technical, and physical safeguards that are necessary to protect customer records and information. On August 30,... by Ara Jabrayan | Jul 28, 2021 | Division of Examinations, FORM CRS/Form ADV Part 3, Registered Investment Advisers (RIAs), retail investor, RIA Compliance, RIA Compliance Policies
On July 26, 2021, the SEC announced that 21 Registered Investment Advisers (RIAs) settled charges alleging that they failed to file and deliver their client relationship summaries, known as Form CRS, in a timely manner. Form CRS is also frequently referred to as Form... 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 | May 14, 2021 | Fiduciary Duty, RIA Compliance, SEC Investment Adviser Compliance, Uncategorized
A Registered Investment Adviser’s (RIA) and its Investment Adviser Representatives’ (IARs) obligations as fiduciaries are quite extensive. Even seasoned Investment Advisers may not fully understand their fiduciary obligations. Fiduciary duty encompasses much more than... by Ara Jabrayan | Apr 29, 2021 | RIA Compliance, RIA Compliance Policies, SEC Investment Adviser Compliance, Uncategorized
On February 4, 2021, the SEC charged three individuals and their affiliated entities with running a Ponzi scheme that raised over $1.7 billion from securities issued by an asset management firm and Registered Investment Adviser (RIA). Approximately 4,000 of the 17,000...
Recent Comments