SEC Brings New Off-Channel Communications Cases, More to Come
SEC and CFTC enforcement cases for recordkeeping and supervision failures involving off-channel electronic communications on personal devices.
August 10, 2023
Office of Investor Advocate Presents Policy Objectives
The SEC’s Office of the Investor Advocate has published its policy objectives for the 2024 fiscal year.
August 03, 2023
Tags: Digital Advice, Investor Advocate, Outsourcing, Private Funds
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
RIA M&A: Risk Concerns for Sellers
Even as interest rates rise and economic uncertainty persists, merger and acquisition (M&A) activity within the RIA space remains robust. What are some of the key issues to address concerning the liability around such a transaction for sellers and their interests?
July 27, 2023
Tags: Mergers & Acquisitions
IAA Statement: July 26 SEC Open Meeting
Contact: IAA VP of Communications & Marketing Janay Rickwalder. Attribution to Gail Bernstein, IAA General Counsel Based on our preliminary review and statements made by some of the Commissioners at...
July 26, 2023
SEC Declines to Weigh In On Whether Syndicated Loans are Securities
The case in question is on appeal before the Second Circuit Court of Appeals following a lower court decision that the syndicated loan at issue in that case is not a security.
July 25, 2023
Tags: Securities
SEC Adopts Money Market Fund Rule Without Swing Pricing
The SEC amends money market fund rule to remove redemption gates and increase minimum portfolio liquidity requirements; does not require swing pricing but requires new liquidity fee for institutional prime and institutional tax-exempt money market funds.
July 21, 2023
Tags: Form PF, Money Market Fund
Taking a Look at AI: Opportunities & Risks for Advisers
Few topics have caused as much buzz in recent months as AI. To help members evaluate this new technology, its potential use cases, and the associated risks, the IAA brought together experts for a candid and enlightening discussion.
July 20, 2023
Tags: AI, Artificial Intelligence
SEC Marketing Rule Continues to be Top Compliance Concern, Survey Shows
For the third year in a row, implementing the SEC’s Marketing Rule for Investment Advisers remains the number one focus for investment adviser chief compliance officers, according to the 2023 Investment Management Compliance Testing Survey.
July 14, 2023
SEC Marketing Rule Continues to Dominate Investment Advisers’ Compliance Concerns, Survey Reveals
Cybersecurity and electronic communications follow closely behind Washington, DC (July 13, 2023) – For the third year in a row, implementing the SEC’s Marketing Rule for Investment Advisers remains the...
July 13, 2023