SEC Announces Reporting Changes for Advisors on SMAs, Performance
In August, the SEC adopted final amendments to Form ADV Part 1 and the rules promulgated under the Investment Advisers Act of 1940.
New Federal Law, SEC Scrutiny Triggers Clarification of Whistleblower Rights
Existing privacy regulations and common sense have led advisors to vigorously protect confidential information.
DOL Rule: Is That All There Is?
But make sure, RIAs, you're complying with the DOL's Advisory Opinion 2005-23A when providing rollover recommendations to plan participants.
How to Comply With DOL's BICE
The BICE allows fiduciaries to receive various forms of compensation that, in the absence of an exemption, would not be permitted under ERISA and the Internal Revenue Code.
Prohibited Transactions in a Post-Fiduciary Rule World
Advisors can directly or indirectly be on the wrong side of DOL's rule — and they can be held personally liable.
‘Top-Down Compliance’ Isn’t Just a Buzzword
An advisory firm must be able to demonstrate how it educates all its staff members on compliance-related matters, the SEC says.
Can Advisors Disclose Away 12b-1 Fee Conflicts?
So-called 12b-1 fees are paid by a mutual fund out of a fund's assets to cover distribution expenses and sometimes shareholder service expenses.
New Law Eases Advisors’ Disclosure Burden
Can this be true? A law that reduces an advisor's regulatory burden? Believe it or not, the answer is yes!
Is Your Advertising Prohibited?
Under Rule 206(4)-1(a)(1) of the Investment Advisers Act of 1940, advisors may not use client testimonials, directly or indirectly, in their advertising.
Advisors, Own Your Compliance
It has become increasingly more apparent that the SEC's position is that a firm must show it “owns” its compliance program.