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SEC Charges JPMorgan, UBS, and TradeStation for Deficiencies Relating to the Prevention of Customer Identity Theft

SEC Charges JPMorgan, UBS, and TradeStation for Deficiencies Relating to the Prevention of Customer Identity Theft What happened? The SEC announced in a press release that it separately charged J.P. Morgan Securities LLC, UBS Financial Services Inc., and TradeStation Securities, Inc. for deficiencies in their programs to prevent customer [...]

By | 2022-08-02T13:58:40-04:00 Aug 2nd, 2022|News|

SEC Examination Requests Regarding E-signatures

SEC Examination Requests Regarding E-signatures What happened? Electronic signatures have become an important part of advisers’ daily business. While the SEC’s Division of Exams (EXAMS) has not yet published specific guidance on the topic, EXAMS staff have been requesting information on advisers’ use of electronic signatures. In one recent [...]

By | 2022-08-01T12:48:53-04:00 Aug 1st, 2022|News|

The New Marketing Rule: Part 7 – Third Party Ratings

The New Marketing Rule: Part 7 – Third Party Ratings What happened? On December 22, 2020, the U.S. Securities and Exchange Commission (SEC) passed amendments to the advertising and cash solicitation rules, along with updates to other requirements for registered investment advisers. The formerly separated rules are now combined [...]

By | 2022-08-01T12:45:01-04:00 Aug 1st, 2022|News|

The New Marketing Rule Part 6 – Categories of Performance and Their Requirements

The New Marketing Rule Part 6: Categories of Performance and Their Requirements What happened? On December 22, 2020, the U.S. Securities and Exchange Commission (SEC) passed amendments to the advertising and cash solicitation rules, along with updates to other requirements for registered investment advisers. The formerly separated rules are now [...]

By | 2022-07-28T16:43:05-04:00 Jun 21st, 2022|News|

SEC Proposes to Enhance Disclosures About ESG Investment Practices

SEC Proposes to Enhance Disclosures About ESG Investment Practices What happened? On May 25th, the Securities and Exchange Commission (SEC) proposed amendments to rules and reporting forms to promote consistent, comparable, and reliable information to investors concerning funds’ and advisers’ incorporation of Environmental, Social, and Governance (ESG) considerations, according to [...]

By | 2022-07-21T11:40:28-04:00 Jun 8th, 2022|News|

The New Marketing Rule Part 5 – Challenges for Performance Advertising

The New Marketing Rule Part 5 - Challenges for Performance Advertising What happened? On December 22, 2020, the U.S. Securities and Exchange Commission (SEC) passed amendments to the advertising and cash solicitation rules, along with updates to other requirements for registered investment advisers. The formerly separated rules are now combined [...]

By | 2022-07-21T11:53:51-04:00 May 26th, 2022|News|

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|

SEC’s ESG Taskforce Fines Investment Adviser $1.5 Million for Misstatements Concerning ESG

SEC’s ESG Taskforce Fines Investment Adviser $1.5 Million for Misstatements Concerning ESG What happened? On May 23rd, the Securities and Exchange Commission (SEC) charged BNY Mellon Investment Adviser, Inc. for misstatements and omissions about Environmental, Social, and Governance (ESG) considerations, according to a press release from the SEC. The SEC [...]

By | 2022-07-28T16:46:05-04:00 May 24th, 2022|News|

The New Marketing Rule Part 4 – Implications for Social Media

The New Marketing Rule Part 4 - Implications for Social Media What happened? On December 22, 2020, the U.S. Securities and Exchange Commission (SEC) passed amendments to the advertising and cash solicitation rules, along with updates to other requirements for registered investment advisers.  The formerly separated rules are now combined [...]

By | 2022-07-21T13:28:59-04:00 May 19th, 2022|News|

The New Marketing Rule Part 3 – General Prohibitions

The New Marketing Rule Part 3 - General Prohibitions What happened? On December 22, 2020, the U.S. Securities and Exchange Commission (SEC) passed amendments to the advertising and cash solicitation rules, along with updates to other requirements for registered investment advisers.  The formerly separated rules are now combined under the [...]

By | 2022-07-21T13:33:22-04:00 May 12th, 2022|News|