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Reminder: Upcoming Deadline Annual GIPS® Compliance Notification

Annual GIPS® Compliance Notification Renewal Due June 30, 2022 Firms and asset owners claiming compliance with the Global Investment Performance Standards (GIPS®) are required to notify CFA Institute of their claim of compliance annually by June 30, 2022. Organizations that are newly claiming compliance with the GIPS standards must submit the [...]

By | 2022-07-21T11:55:39-04:00 May 25th, 2022|Compliance, GIPS®, News|

FINRA IRR & How it Relates to the GIPS Standards

FINRA IRR & How it Relates to the GIPS Standards The Financial Industry Regulatory Authority (FINRA) released a regulatory notice allowing asset managers to present internal rates of return (IRR) in marketing materials, under certain circumstances. A key requirement for presenting IRR for an investment with ongoing operations is that the calculation must [...]

By | 2022-07-28T11:30:39-04:00 Sep 17th, 2021|Compliance, GIPS®, News|

Performance Practice Leader of Fairview Appointed Chair of CFA Institute’s United States Investment Performance Committee

Performance Practice Leader of Fairview Appointed Chair of CFA Institute’s United States Investment Performance Committee We are pleased to announce that Fairview Performance Service’s Vice President and Performance Practice Leader, Greta Nathan, was appointed Chair of the CFA Institute’s United States Investment Performance Committee (USIPC).   Greta will work alongside a group [...]

By | 2022-07-28T16:57:22-04:00 Sep 1st, 2021|Compliance, News|

The SEC’s Latest Exam and Request List Trends

The SEC’s Latest Exam and Request List Trends WHAT HAPPENED? With new SEC leadership in place, including Chairman Gary Gensler and Director of Enforcement Gurbir Grewal, the Commission’s examination trends continue to evolve. Some focus areas, like cybersecurity and business continuity, are more relevant than ever with the changes [...]

Inaccurate Performance Information Leads to SEC Charges

Inaccurate Performance Information Leads to SEC Charges WHAT HAPPENED? The SEC recently settled with a registered investment adviser that posted false statements and misleading performance data on its public website. The adviser also had referral relationships with bloggers but did not make required investor disclosures about these connections. The [...]

Annual GIPS® Notification Renewal Due June 30, 2021

Annual GIPS Notification Renewal Due June 30, 2021 Firms and asset owners claiming compliance with the Global Investment Performance Standards (GIPS®) are required to notify CFA Institute of their claim of compliance annually by June 30. The required information is minimal, including: Primary and secondary contact details. Firm or asset [...]

By | 2022-07-28T11:46:10-04:00 Jun 2nd, 2021|Compliance, GIPS®, News|

FBI Investigates Asset Owner’s Returns

FBI Investigates Asset Owner’s Returns WHAT HAPPENED? A Pennsylvania pension fund is caught in a legal inquiry from the FBI that led to an investigation. The trouble began when the fund’s board members noticed the plan reported yearly investment returns that were barely over the threshold to avoid an [...]

By | 2022-07-28T11:51:18-04:00 May 3rd, 2021|Compliance, GIPS®, News|

SEC Exam Observations: ESG Investing Risks

SEC Exam Observations: ESG Investing Risks WHAT HAPPENED? Recently, the U.S. Securities and Exchange Commission released a Risk Alert outlining specific compliance concerns associated with environmental, social, and governance (ESG) investing. With these investment products increasing in popularity across capital markets, the SEC is expanding efforts to provide advisers [...]

By | 2022-07-28T11:56:47-04:00 Apr 13th, 2021|Compliance, News|

10 Takeaways From CFA Institute’s Guidance on Benchmarks for Firms

10 Takeaways From CFA Institute’s Guidance on Benchmarks for Firms The 2020 Global Investment Performance Standards (GIPS®) require firms to choose an appropriate total return benchmark, when available, for every composite and pooled fund. This information must be presented in the firm’s GIPS Reports. Benchmarks are used as a reference [...]

By | 2022-07-28T11:59:14-04:00 Apr 8th, 2021|Compliance, GIPS®, News|

UPDATE: The SEC’s Marketing Rule is Officially Published – What Now?

UPDATE: The SEC’s Marketing Rule is Officially Published – What Now? WHAT HAPPENED? On Friday, March 5, 2021, the U.S. Securities and Exchange Commission’s highly anticipated Marketing Rule was published in the Federal Register, setting in motion a series of regulatory requirements for investment advisers. The move to officially [...]