Enforcement

As Washington pressures the industry, advice-of-counsel is becoming 'fertile ground' for litigation.

The IAA suggests the SEC use the number of employees as the appropriate standard for determining the impact of its regulations on small advisers.

‘Quality controls and audit standards are necessary to maintaining this essential gatekeeping role,’ SEC says in fifth ‘gatekeeper’ case in two years.

SEC enforcements pick up before end of fiscal year.

With two major rule packages pending, SEC presses firms on how they are managing cyber-risks.

SEC to finalize private funds rule Wednesday, pivotal months loom for industry.

Multiple sources have told affiliate title RCW that the SEC has launched its long-anticipated Division of Examinations sweep tied to the IA marketing rule, and we’ve gotten a copy of what’s described as the sweep exam letter.

Form ADV data and industry snapshot reveal that nearly 40 percent of advisers include performance information in their ads.

The regulator said Insight charged excess management fees by inaccurately calculating management fees based on aggregated invested capital at the portfolio company level instead of at the individual portfolio investment security level.

You are advised to ensure that your disclosures around use of testimonials and endorsements are sound, according to a new risk alert from the SEC’s Division of Examinations.