IAA Applauds House Passage of Bill Requiring SEC to Focus on Rulemaking Burdens on Small Business
Contact: IAA VP of Communications & Marketing Janay Rickwalder. Attribution to Karen Barr, IAA President and CEO The IAA is delighted the House of Representatives has passed the Small Entity...
May 31, 2023
FSOC Proposes Dramatic Changes to Framework for Designating Nonbank SIFIs
The FSOC proposed a new interpretive guidance and analytical framework that would revise the process it will follow with respect to designation of any nonbank financial institution – which could potentially include registered investment advisers – as systemically important (i.e., a nonbank SIFI) under the 2010 Dodd-Frank Act.
May 25, 2023
Tags: FSOC
Adviser Charged in Connection with Leveraged ETFs
The SEC has charged an adviser and part-owner with breach of duty of care in connection with use of leveraged ETFs.
May 19, 2023
Tags: ETFs, Fiduciary, SEC Enforcement
SEC Issues Risk Alert with Exam Observations Related to LIBOR Transition
The Risk Alert describes examination observations of transition away from LIBOR by the asset management industry.
May 19, 2023
Tags: Libor, SEC Examinations
SEC Announces First Enforcement Action Under Fund Liquidity Rule
The SEC has charged a fund’s adviser and independent trustees in the first enforcement action under the fund liquidity rule.
May 16, 2023
Tags: Investment Company Act, SEC Enforcement, SEC Investment Management
IAA Files Comments on SEC’s Safeguarding Client Assets Proposal
The IAA has submitted a comment letter urging the SEC to make substantial changes to its proposed rule related to the safeguarding of advisory client assets.
May 09, 2023
Tags: Custody, Safeguarding, SEC
SEC Adopts Amendments to Form PF
The SEC adopted amendments to Form PF to require new current reporting for large hedge fund advisers, new quarterly event reporting for private equity fund advisers, and new data for large private equity fund advisers.
May 03, 2023
Tags: Form PF, Private Equity, Private Funds
The IAA Statement on SEC Form PF Amendments
Contact: IAA VP of Communications & Marketing Janay Rickwalder. The IAA supports the SEC’s efforts to monitor and assess for systemic risk as well as to bolster investor protection. However,...
May 03, 2023
IAA Applauds “Improving Disclosure for Investors Act”
Contact: IAA VP of Communications & Marketing Janay Rickwalder. The Improving Disclosure for Investors Act passed the House Financial Services Committee on April 26, signaling a significant step toward modernizing...
May 02, 2023