Fairview^® Flash Reports

SEC Requirement: Annual Amendment for Form ADV WHAT HAPPENED? The SEC requires that investment advisers file a Form ADV Annual Amendment within 90 days of the end of the [...]

FINRA Releases Report on Selected Cybersecurity Practices WHAT HAPPENED? On December 20th, 2018, the Financial Industry Regulatory Authority (“FINRA”) released a Report on Selected Cybersecurity Practices (the “2018 Report”).  [...]

OCIE Announces 2019 Examination Priorities WHAT HAPPENED? On December 20, 2018, the SEC’s Office of Compliance Inspections and Exams (“OCIE”) announced its 2019 examination priorities.  Key areas include cybersecurity, [...]

ShareFile Accounts to Switch to Multi-Factor Authentication WHAT HAPPENED? The SEC’s Office of Compliance Inspections and Exams (“OCIE”) has announced that cybersecurity will continue to be a focal point for its examinations [...]

OCIE Issues Risk Alert Outlining New Recommendations for Electronic Communications  WHAT HAPPENED? On December 14th, 2018, the SEC’s Office of Compliance Inspections and Examinations (“OCIE”) released a Risk Alert reminding advisers of [...]

Reminder: LAST DAY to Submit Form Filings is December 27 WHAT DOES THIS MEAN FOR ME? This is a reminder that the last day to submit form filings via [...]

SEC Charges Dual Registrant with Deficient Compliance Infrastructure WHAT HAPPENED? On December 12th, 2018, the Securities and Exchange Commission (the “SEC”) released an Administrative Order to Cease and Desist [...]

SEC Charges Adviser for Lacking Cybersecurity Procedures  WHAT HAPPENED? On September 26th, 2018, the Securities and Exchange Commission (SEC) announced its charges against a broker-dealer and registered investment adviser (RIA) for its [...]

SEC Charges Broker with "Cherry-Picking" WHAT HAPPENED? On Wednesday, September 12th, the Securities and Exchange Commission (SEC) charged a broker with allegedly misusing client account information to allocate gainful [...]

SEC Charges Adviser for Failures to Disclose Conflicts of Interest WHAT HAPPENED? On September 13th, 2018, the Securities and Exchange Commission (SEC) released its charges against a Registered Investment [...]

RIA Settles SEC Charges for Violations of Advisers Act and Custody Rule WHAT HAPPENED? On July 17th, 2017, the Securities and Exchange Commission (SEC) released its final charges against [...]

Citigroup Agrees to Pay $10.5 Million for Violating Books and Records Rule and Inadequate Internal Controls WHAT HAPPENED? On August 16th, 2018, the Securities and Exchange Commission (SEC) released its charges against [...]

SEC Charges Investment Adviser for Misleading Retail Investors WHAT HAPPENED? On July 18th, 2018, the Securities and Exchange Commission (SEC) charged a registered investment adviser and its chief executive [...]

Three Investment Advisers Settle with SEC on Campaign Contribution Charges WHAT HAPPENED? On July 10th, 2018, the Securities and Exchange Commission (SEC) released its charges against three separate investment [...]

OCIE Releases List of Most Common Best Execution Issues Cited in Adivser Exams WHAT HAPPENED? On July 11th, 2018, the Office of Compliance Inspections and Examinations (OCIE) released a [...]

SEC Charges Investment Advisers and Representatives for Violating Testimonial Rule WHAT HAPPENED? On July 10th, 2018, the Securities and Exchange Commission (SEC) settled proceedings against two registered investment advisers, [...]