Category Archives: Uncategorized

Recorded Webinar – Best Practices to Reduce the Risk of Arbitration and Litigation

October 07, 2020

On Thursday, October 22, 2020 at 12:00 PM CDT, RIA Compliance Consultants, Inc. will host a compliance training webinar entitled, “Best Practices to Reduce the Risk of Arbitration and Litigation.” RCC is excited to have representatives from Unitifi and Lockton Affinity serve as panelists on this webinar. Patrick Griffin, an attorney from Kutak Rock, will also serve as a panelist during this discussion.

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2020 Compliance Professional of the Year

September 01, 2020

RIA Compliance Consultants is pleased to announce Anthony Woodard as the winner of our 2020 Compliance Professional of the Year! Anthony serves as the Chief Compliance Officer for Prime Capital Investment Advisors, LLC (PCIA). As CCO, his primary objectives are to ensure that PCIA is in compliance with industry regulations, to assess the firm’s exposure to risk, and to create and administer policies that effectively address such risks.

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Top 10 Reasons to Attend RIA Compliance Connection 2020

August 11, 2020

Join RIA Compliance Consultants on Wednesday, August 26 and Thursday, August 27 for our RIA Compliance Connection 2020 virtual conference. Don’t miss this opportunity to learn from industry experts, engage with like-minded peers, and connect with the top leaders in the industry all in the name of the best interest of your clients. Need more convincing?

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SEC Proposed Changes to Form 13F for Institutional Investment Managers

August 03, 2020

On July 10, 2020, the United States Securities and Exchange Commission (“SEC”) announced proposed amendments to the Form 13F reporting threshold for institutional investment managers. Currently, Section 13F requires institutional investment managers, which includes registered investment advisers, to file a report with the SEC if the institutional investment manager exercises investment discretion over accounts holding certain types of equity securities that have an aggregate fair market value of at least $100 million on the last trading day of any month of any calendar year. The threshold has not been updated since the mid-1970s when the Form 13F was first adopted by the SEC.

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Rhode Island Requires State-Registered Investment Advisers to File Form ADV Part 3

June 11, 2020

On June 10, 2020 the State of Rhode Island’s Securities Division announced that investment adviser firms registered with the State of Rhode Island must file the Form ADV Part 3/Form CRS relationship summary before June 30, 2020. Click here to read Rhode Island’s Notice to Investment Advisers RE: Form CRS. This is significant because Rhode Island is now the second state securities regulator to require the filing of the Form ADV Part 3/Form CRS by a state-registered investment adviser firm. Previously, to the best of our knowledge, only the Oklahoma Department of Securities and SEC registered investment adviser firms with retail investors were required to file the Form ADV 3/Form CRS. (Regulatory Update:  On June 19, 2020, the Oklahoma Department of Securities withdrew (effective immediately) its notice requiring investment adviser firms registered with Oklahoma to file the Form ADV Part 3/Form CRS.)

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Drafting Tips for an SEC Investment Adviser’s Form CRS/Form ADV Part 3 

May 07, 2020

In June 2019, the U.S. Securities and Exchange Commission (“SEC”) adopted a new rule requiring SEC registered investment adviser firms to prepare and deliver an easily accessible and understandable Consumer Relationship Summary, also known as the Form CRS or Form ADV Part 3, to retail investor clients. An SEC registered investment adviser’s initial Form CRS/Form ADV Part 3 must be filed with the SEC by June 30, 2020 and delivered to existing clients no later than July 30, 2020. Click here to read our recent blog on the SEC’s decision to maintain the original June 30, 2020 filing deadline.

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SEC Provides Investment Advisers Guidance on Disclosure of PPP Loan

May 04, 2020

The U.S. Securities and Exchange Commission (“SEC”) recently provided guidance on the disclosure obligations of an investment adviser firm when receiving a Paycheck Protection Plan (“PPP”) loan guaranteed by the U.S. Small Business Administration in conjunction with the relief afforded from the CARES Act during the COVID-19 pandemic.

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