SEC to RIAs: Beware the Ides of ‘May’
Recent SEC enforcement actions should prompt advisors to review their Form ADV for a potentially dangerous word—“may”—relating to compensation and conflicts of interest.
SEC Reviewing 12b-1 Fees
The SEC is reviewing the entire spectrum of 12b-1 fees, the deputy exam director said Tuesday.
SEC’s Ability to Deliver True Fiduciary Standard in Doubt: Report
Institute for the Fiduciary Standard says the SEC believes "conflicts are routine and acceptable — not inherently inconsistent with providing objective advice.”
New Hire Roundup: SEC Names Schneider Associate Regional Director for Pacific Northwest
Meanwhile, Advisor Software announced that Erik Jepson has joined as chief customer officer.
F-Squared Pays SEC $35M Fine to SEC for Misleading Performance Advertising
SEC says F-Squared's AlphaSector used back-tested performance data that mistakenly inflated results by 350%, not actual performance numbers.
SEC Fines Barclays $15M Over Lehman Acquisition Failures
Barclays failed to establish a critical compliance foundation when it acquired Lehman’s advisory business, the regulator says.
SEC Using Hedge Fund Data on $8 Trillion in Assets in Exams, Enforcement
SEC tells Congress it is using compiled data from Form PF, now required of private fund advisors, to support its own regulatory programs.
Harbinger Capital COO to Pay SEC Fine Over Falcone Scheme
Peter Jenson admits wrongdoing in scheme to misappropriate millions from a hedge fund they managed to pay Falcone’s personal taxes.
Andrew Ceresney, SEC’s Enforcer: The 2014 IA 25 Profile
Andrew Ceresney says keeping up with the increased complexity of wrongdoing is among the biggest challenges for the enforcement division at the SEC.
The IA 25 for 2014
This is our 12th annual IA 25 list, bringing together the most influential people in and around the advisor industry.