The California Department of Corporations requires a Form U4 for each officer, director, partner and each person who owns 10% or more of an investment advisor firm registered directly with the State of California. Typically, state regulators require a Form U4 for only those individuals that serve as an investment advisor representative of the firm. [...]
Monthly Archives September 2006
Annual Review of Compliance Programs – Rule 206(4)-7
As outlined in Rule 206(4)-7(b) of the Investment Advisers Act, it is unlawful for an SEC registered investment advisor firm to provide investment advice to clients unless the firm, no less frequently than annually, reviews the adequacy of the firm’s written compliance and supervisory policies. An SEC registered firm must establish written policies and procedures [...]
