News 

Cybersecurity Guidance

April 2015 — The SEC released additional cybersecurity guidance, highlighting the importance of the issue and providing ways in which funds and advisers may address cybersecurity risks. Read More

SEC Alerts Investors, Industry on Cybersecurity

February 3, 2015 — "The Securities and Exchange Commission released publications that address cybersecurity at brokerage and advisory firms and provide suggestions to investors on ways to protect their online investment accounts." Read More

SEC Announces 2015 Examination Priorities

January 13, 2015 — Priorities Focus on Protecting Retail Investors, Assessing Market-Wide Risks and Using Data Analytics Read More

GIPS Requirement to Notify CFA Institute

November 17, 2014 — Effective January 1, 2015, firms claiming Global Investment Performance Standards (“GIPS”) compliance must notify the CFA Institute on an annual basis. Read More

OCIE Cybersecurity Initiative

April 15, 2014 — The U.S. Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (OCIE) issued a Risk Alert to provide additional information concerning its initiative to assess cybersecurity preparedness in the securities industry. Read More

SEC Letter to Never-Before Examined Investment Advisers

February 20, 2014 — The SEC sent a letter to never before examined investment advisers to provide them with information about the National Exam Program ("NEP"), and information about upcoming examinations of certain never-before examined registered investment advisers and the topical areas that may be examined. Read More

SEC Issues Risk Alert on Investment Advisers’ Business Continuity and Disaster Recovery Planning

August 27, 2013 — The Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (OCIE) issued a Risk Alert on business continuity and disaster recovery planning for investment advisers. Read More

SEC Approves JOBS Act Requirement to Lift General Solicitation Ban

July 10, 2013 — The Securities and Exchange Commission adopted a new rule to implement a JOBS Act requirement to lift the ban on general solicitation or general advertising for certain private securities offerings. Read More

SEC Updates FAQ's about Form PF

March 8, 2013 — The SEC updates their FAQ's about Form PF for advisers with at least $150 million in private fund assets under management.
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SEC Issues Risk Alert and Investor Bulletin on Investment Adviser Custody Rule

March 4, 2013 — The Securities and Exchange Commission today issued a Risk Alert on compliance with its custody rule for investment advisers and it also issued an Investor Bulletin about the rule, which is designed to protect advisory clients from theft or misuse of their funds and securities.
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Speech by SEC Staff: What SEC Registration Means for Hedge Fund Advisers

May 11, 2012 — Speech by SEC Staff: What SEC Registration Means for Hedge Fund Advisers
By Norm Champ
Deputy Director, Office of Compliance Inspections and Examinations U.S. Securities and Exchange Commission
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Examination Strategies for Private Fund Advisers

May 2, 2012 — In a recent speech, the Director, Office of Compliance Inspections and Examinations (OCIE) U.S. Securities and Exchange Commission, discussed examination strategies for private fund advisers. Approximately, 4,000 new registrants with the SEC are private fund advisers…
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Investment Adviser Oversight Act of 2012

April 26, 2012 — The bill known as the “Investment Adviser Oversight Act of 2012” was released 4/25/2012 which would permit the formation of several Self-Regulatory Organizations (SROs) to oversee registered investment advisers.
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JOBS Act – Private Fund Provision

April 5, 2012 — On April 5, President Obama signed the Jumpstart Our Business Startups Act (the “JOBS Act”). One of the provisions of the JOBS Act directs the Securities and Exchange Commission (the “SEC”) to remove the prohibitions against general solicitation and general advertising for securities offerings exempt from registration under Rule 506 of Regulation D (under the Securities Act of 1933), as long as all purchasers of such securities are accredited investors.
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National Examination Risk Alert

The Securities and Exchange Commission’s Office of Compliance Inspections and Examinations issued a National Examination Risk Alert on the use of social media by registered investment advisers.
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SEC Adopts New Measures to Curtail Pay to Play Practices by Investment Advisers

The Securities and Exchange Commission today voted unanimously to approve new rules to significantly curtail the corrupting influence of "pay to play" practices by investment advisers.
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Rules Implementing Amendments to the Investment Advisers Act of 1940

The Securities and Exchange Commission is adopting new rules and rule amendments under the Investment Advisers Act of 1940 to implement provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
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Order Approving Adjustment for Inflation of the Dollar Amount Tests in Rule 205-3 under the Investment Advisers Act of 1940

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Pay-to-Play: SEC Staff Provides New Guidance on Advisers Act Rule 206(4)-5

The staff of the Securities and Exchange prior interpretations of the Municipal Securities Commission’s (“SEC”) Division of Investment Rulemaking Board (“MSRB”) regarding MSRB Management (“Staff”) recently posted to Rules G-37 and G-38 (the “MSRB Rules”), the SEC’s website responses to a series of which address pay-to-play practices in the questions (the “FAQs”) raised by new Rule municipal securities arena. 206(4)-5 (“Rule”) under the Investment 1 Advisers Act of 1940 (“Advisers Act”).
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SEC Approves Disclosure Form Changes to Provide Investors Greater Information About Their Investment Advisers

Washington, D.C., July 21, 2010 — The Securities and Exchange Commission today voted unanimously to adopt changes to the principal disclosure document that SEC-registered investment advisers must provide to their clients and prospective clients.

Form ADV, Part 2 — commonly referred to as the “brochure” — explains to the investor an investment adviser’s qualifications, investment strategies, and business practices.
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Other Recent Press Releases

Press Releases