Ellen oversees the firm’s Compliance Administration and Performance Services practice areas.
Until this point, “accredited investors” were limited to certain individuals based on income or net worth. With the amendments to the definition, the SEC aims to increase access to private capital markets for previously unqualified market participants.
The OCIE issued a Risk Alert that outlines new compliance risks stemming from the global pandemic. The SEC and OCIE have remained operational and have continued to initiate examinations, including routine examinations of investment advisers.
On May 28, 2019, the SEC charged an investment adviser with overcharging clients by at least $367,000. Stephen Brandon Anderson, owner, and operator of River Source Wealth Management charged a majority of customers advisory fees.