Does your registered investment advisor have strong supervisory and compliance procedures designed to approve and monitor adverting and marketing materials? Did you know that an the advertising and marketing materials of an investment advisor registered with the U.S. Securities and Exchange Commission (“SEC”) fall under the anti-fraud provision of the Investment Advisers Act of 1940? [...]
Monthly Archives April 2010
Beyond the Privacy Notice – Safeguarding Confidential Client Information
Has your registered investment adviser firm gone beyond developing a privacy policy under Regulation S-P and established internal controls to protect confidential client information? This is the emerging expectation of state and federal securities regulators. For instance, the State of Massachusetts recently adopted a comprehensive and restrictive set of requirements to prevent client data security [...]
