IAA Today Archive

Marketing Rule Toppled by Off-Channel Communications for Top Compliance Concern

Advisers’ concerns of off-channel communications eclipsed the Marketing Rule as the top compliance concern, according to the 2024 Investment Management Compliance Testing Survey published today.

July 17, 2024

Keywords: Climate, Compliance Testing Survey, Conflicts of Interest, Cybersecurity, Fees and Expenses, Marketing Rule, Off-Channel Communications, Private Funds, Recordkeeping, Research

Categories & Topics: Industry Trends, Industry-Level

Private Fund Adviser Charged for Excessive Fees and Conflict Disclosure

SEC charges private fund adviser for miscalculating and not disclosing fees related to permanent impairment criteria.

July 27, 2023

Keywords: Fees and Expenses, Private Funds, SEC Enforcement

Categories & Topics: Compliance, Compliance Programs, Conflicts, Enforcement, Private Funds

SEC Charges Adviser with Selective Disclosure of Fees, Compliance Program Violations

SEC charges adviser for failing to disclose foreign exchange fees and Compliance Rule violations.

April 07, 2023

Keywords: Fees and Expenses, SEC Enforcement

Categories & Topics: Compliance, Enforcement

SEC Marketing Rule Continues To Be Top Compliance Concern, Survey Shows

The 2022 Investment Management Compliance Testing Survey identified advertising/marketing, cybersecurity, and climate change/ESG as the top concerns for compliance officers.

June 30, 2022

Keywords: Climate, Compliance Testing, Conflicts of Interest, Cybersecurity, Digital Assets, ESG, Fees and Expenses, Marketing Rule, Private Funds, Research, Survey, Valuation

Categories & Topics: Industry Trends, Industry-Level

SEC Fines PE Fund Adviser $4.5 Million in Connection with Fee Calculations

We’re sorry – you must be a member to view this content. Please log in.

December 21, 2021

Keywords: Disclosure, Fees and Expenses, Private Equity, SEC Enforcement

Categories & Topics: Enforcement, Private Funds

SEC Updates Performance Fee Rule to Remove Specific Dollar Amounts

We’re sorry – you must be a member to view this content. Please log in.

November 22, 2021

Keywords: Fees and Expenses, SEC Investment Management

Categories & Topics: Account Operations, Advisory Contracts

Adviser, Principals Fined for Charging Clients Fees Without Providing Advice

One Principal Barred for Three Years from Acting as Chief Compliance Officer A Michigan-based investment adviser and two of its principals are paying more than $900,000 to settle SEC charges...

October 05, 2021

Keywords: Conflicts of Interest, Disclosure, Fees and Expenses, Fiduciary, SEC Enforcement

Categories & Topics: Compliance, Conflicts, Enforcement, Fiduciary

Increases in AUM, Net Worth Thresholds for Qualified Clients Effective Aug. 16

The inflation adjustments that increased the assets-under-management and net worth tests in the definition of “qualified client” under the Advisers Act became effective as of August 16, 2021. The dollar...

August 24, 2021

Keywords: Fees and Expenses

Categories & Topics: Account Operations, Advisory Contracts