Under New Leadership, SEC Brings Action Against Adviser Over Converting Account Types

February 18, 2025

Under the new leadership of Acting Chair Mark Uyeda, the U.S. Securities and Exchange Commission (“SEC”) recently issued and settled a cease-and-desist order that serves as a stark reminder: an investment adviser’s fiduciary duty to act in client’s best interests remains the bedrock for an investment adviser.

Deadline Approaching for Filing the Form 13F with the SEC

January 19, 2025

As we move into 2025, it is crucial for investment adviser firms to stay on top of their regulatory obligations, particularly the requirement to file Form 13F. This filing is mandated by the U.S. Securities and Exchange Commission (SEC) for investment adviser firms which exercise investment discretion over $100 million or more in Section 13(f) securities as of the last trading day of any month during the past calendar year.

Preliminary Renewal Statement Now Available

November 12, 2024

As of Monday, November 11, 2024, your investment adviser firm can access, via its IARD account, its Preliminary Renewal Statement for the upcoming year. Investment adviser firms are assessed individual registration fees based on the state(s) that the firm is notice filed or registered in and the number of investment adviser representatives and their approved registration statuses. The amount reflected in the Preliminary Renewal Statement is the amount of renewal fees investment advisors must pay in order to maintain active registration for the firm and its investment adviser representatives.

Preliminary Renewal Statements Available Monday

November 08, 2024

Starting Monday, November 11, 2024, a registered investment adviser firm can access, via its IARD account, its Preliminary Renewal Statement for 2025 renewals. The Preliminary Renewal Statement must be paid, in full, by Monday, December 9, 2024. Depending on your method of payment, it may take at least two days for a payment to post to the IARD account. Because of this, your firm’s payment should arrive at FINRA no later than Wednesday, December 4, 2024, to ensure that funds are posted to your firm’s IARD account by December 9, 2024.

Political Campaign Contributions: A Guide to Compliance with SEC’s “Pay-to-Play” Rule for Investment Advisers

October 15, 2024

SEC Rule 206(4)-5 Limits Political Campaign Contributions When Investment Advisers Serve Government Clients

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