RIA Compliance Consultants
Blog
 
Home
About Us
Our Services
  IA Registration
Annual Compliance for New IA
Code of Ethics
Customized Compliance Program
13D, 13G & 13F Filings
Compliance Webinars
  Upcoming Webinars
Recorded Webinars
Blog
Navigating the Regulatory Maze
Frequently Asked Questions
  IA Registration
Series 65 Exam
Solicitor
Form 13F
Schedule H
Written Supervisory Procedures
Codes of Ethics
Insurance Agents as IAs
Compliance Tips
  State IA Registration
Form ADV Background
Form ADV Drafting
SEC Examination
Published Articles
Contact Us

Online Invoice Payments
Newsletter Signup
Speaker Request
Resources
Search Our Site
Disclosures
(877) 345-4034
Blog

Category Archives: SEC

The Switch from SEC to State Registration for Investment Advisers with Less than $100 Million of Assets under Management

The eligibility for registration as an investment adviser with the U.S. Securities and Exchange Commission (“SEC”) based upon the amount of assets under management will increase from the current minimum threshold of $25 million to a new threshold of $100 million pursuant to the Dodd-Frank Financial Reform Act, which passed on July 21, 2010. The [...]

Register Now for Complimentary Webinar, Understanding the New Form ADV Part 2

The United States Securities and Exchange Commission (“SEC”) recently adopted the long-awaited amendments to Part 2 of Form ADV and related rules under the Investment Advisers Act of 1940.  The Form ADV Part 2 amendments will require all investment advisors registered with the SEC to prepare and file plain English narrative brochures and supplements.  SEC [...]

SEC Passes New Form ADV Part 2 Rule for Investment Advisers

Today, the United States Securities and Exchange Commission  (“SEC”)  passed long-proposed changes to the disclosure statements that federally registered investment advisers provide regulators and clients.  Originally, the SEC proposed changes to Form ADV Part 2 in 2000.  That proposal was never adopted, but a second proposal was issued in 2008 and finally passed today.  
Under current [...]

SEC Unanimously Agrees to Ban Pay-to-Play Practices by Investment Advisers

On June 30, 2010, the United States Securities and Exchange Commission (“SEC”) unanimously adopted Rule 206(4)-5 under the Investment Advisers Act of 1940 which is designed to curtail “pay to play” practices by registered investment advisers.  (Click here for a link to the SEC press release).  “Pay to play” is the practice of making contributions to [...]

SEC to Vote On Whether to Ban Pay-to-Play Contributions by Investment Advisers to Elected Officials

On June 30, 2010, the Commissioners of the Securities and Exchange Commission (“SEC”) will vote on whether to restrict investment advisers from participating in “pay to play” transactions with public officials.  The purpose of the proposed rule is to eliminate potential corruption from the process of awarding management contracts for public retirement funds.  If approved, [...]

SEC Initiates Enforcement Action Over Failure to Maintain Required Books and Records

Section 31(a) of the Investment Company Act of 1940 (“ Investment Company Act”) requires that each registered investment adviser “maintain and preserve” records of accounts, correspondence, memorandums, tapes, discs, papers, books, and other documents or transcribed information.  These books and records are to be maintained for a period of five years and are subject to [...]

SEC Charges Investment Adviser with Fraudulent Management of CDOs

On June 21, 2010, the U.S. Securities and Exchange Commission (“SEC”) charged a New York based registered investment adviser and three affiliated firms with the fraudulent management of collateralized debt obligations (“CDOs”) tied to mortgage backed securities.  The SEC alleges that ICP Asset Management LLC, and its owner/president Thomas Priore, made fraudulent misrepresentations that earned the [...]

SEC Will Consider Adopting New Version of Form ADV Part 2

During the keynote address at the Compliance and Legal Society of the Securities Industry and Financial Markets Association 2010 Annual Seminar on May 6, 2010 (click here to read the entire speech), Mary Shapiro, the Chairman of the U.S. Securities and Exchange Commission (“SEC”), stated that her staff is preparing to present to the full [...]

SEC Commissioner indicates SEC to Re-Consider New Form ADV Part 2 for Investment Advisers

In a speech at the Investment Adviser Association Annual Conference on April 29, 2010 (click here to read the entire speech), Luis Aguilar, Commissioner at the United States Securities and Exchange Commission (SEC), stated the SEC is expected to soon revisit proposed changes to Form ADV Part II.   According to Commissioner Aguilar, “the need to update [...]

House Financial Services Committee Advances Investor Protection Act

Here’s our update regarding proposed changes to the regulation of investment advisers.
The Financial Services Committee of the U.S. House of Representatives advanced H.R. 3817, the Investor Protection Act, out of committee yesterday. According to the Financial Services Committee’s press release, key provisions of this bill include the following:

an independent study of the regulatory structure for [...]

 

Turnkey Investment Advisor Registration Service

Starting an RIA?

Utilize our expertise to leverage your time while growing your new business.

Request a Proposal

Annual Investment Advisor Compliance Program

Need help implementing an ongoing and comprehensive compliance program?

Outsource the heavy lifting by partnering with industry experienced professionals.

Request a Proposal

Subscribe to this Feed

 
 
Easy-to-Read Instructions

* RIA Compliance Consultants, Inc. (“RCC”) is not a law firm and does not provide legal services. A compliance consulting relationship with RCC is not provided those legal and professional protections that normally exist under an attorney-client relationship. For more information, please visit our Disclosures webpage.

Home
About RIA Compliance Consultants, Inc.
Our Services
   Investment Advisor Registration Service
  Annual Compliance for New IA
  Code of Ethics
  Customized Compliance Program
  13D, 13G & 13F Filings
Compliance Tips
  Tips for Registering as a State Investment Advisor
  Form ADV Background
  Form ADV Drafting Tips
  SEC Exam Tips
Compliance Webinars
  Upcoming Webinars
  Recorded Webinars
Frequently Asked Questions
   Investment Advisor Registration FAQs
  Series 65 Examination FAQs
  Solicitor Referral Arrangements FAQs
  Form 13F, Schedule 13D & Schedule 13G FAQs
  Schedule H FAQs
  Written Supervisory Procedures
  Codes of Ethics
  Insurance Agents as IAs FAQs
Published Articles
Blog
Contact RIA Compliance Consultants, Inc.
Online Invoice Payments
Newsletter
Speaker Request
Investment Advisor Resources
Search
Disclosures
Site Map
Link to RIA Compliance Consultants, Inc.