IAA Statement on New SEC Commissioners
We look forward to working with Commissioners Lizárraga and Uyeda to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation.
June 20, 2022
Tags: SEC
SEC Staff Bulletin Discusses Account Type and Rollover Recommendations
SEC confirms advisers can use “fiduciary” in Form CRS, but no clear path on how, and issues staff bulletin on how broker-dealers and advisers can satisfy their obligations to act in the best interests of investors when making account-type recommendations.
April 14, 2022
Tags: Advisers Act, Fiduciary Duty, Reg BI, SEC
SEC Calls for Additional Private Fund Reporting and Information
The SEC proposed substantial changes to Form PF that would require private fund managers to report certain events within one day and private equity fund managers to provide additional information.
January 27, 2022
Tags: Form PF, Gary Gensler, Hedge Funds, Hester Peirce, Private Equity, Private Funds, SEC
Agencies’ Regulatory Agendas Include AML, Cybersecurity, ESG, and More
Federal agencies have released updates to their regulatory agendas, which include several important new potential regulations for investment advisers, most notably regarding anti-money laundering, cybersecurity, and private fund advisers.
December 15, 2021
Tags: Money Market Funds, AML, CFTC, Custody, Cybersecurity, DOL, ESG, Private Funds, Proxy Voting, Regulatory Agendas, SEC Investment Management
Treasury is poised to revisit its 2015 proposal that would impose certain anti-money laundering requirements on advisers, following a Biden Administration report outlining a strategy to combat corruption and related crimes.
December 15, 2021
Tags: AML, Private Funds, Treasury Department
SEC Eyes Reporting of Securities Lending; IAA, Others Object to Comment Deadline
SEC Chair Gary Gensler has shepherded through another 30-day proposal, one intended to increase transparency in securities lending. The IAA and other financial services trade associations are asking for a more conventional 90-day comment period.
November 24, 2021
Tags: Gary Gensler, Trading
FSOC Report Highlights Need to Enhance Climate-Related Disclosures
FSOC is describing climate change as an "emerging threat" to U.S. financial stability and says investors, market participants, and regulators need better data and information, including "enhanced and transparent disclosures" regarding climate-related financial risks. A new FSOC report makes 30-plus recommendations for addressing the threat.
November 05, 2021
SEC’s Roisman Calls for Cybersecurity Rules and Guidance for Advisers
SEC Commissioner Elad Roisman is urging the SEC to provide more clarity around advisers’ cybersecurity obligations, underscoring the need to set clear expectations and promote protection of client account data as firms' reliance on technology grows.
November 04, 2021
Tags: Privacy, Cybersecurity, Elad Roisman
All Things Digital, Private Markets Highlighted at SEC Speaks Conference
SEC commissioners and senior SEC officials provided updates on high priority issues and initiatives at the recent SEC Speaks in 2021 conference. Digital engagement practices, digital assets, and the private markets dominated their remarks.
October 15, 2021
Tags: FinTech, Allison Herren Lee, Caroline Crenshaw, Digital Assets, Elad Roisman, Gary Gensler, Hester Peirce, Private Offerings, Rick Fleming, SEC Enforcement, SEC Investor Advocate
IAA, ACA Group Announce Strategic Partnership
The Investment Adviser Association has entered into a strategic partnership with ACA Group (ACA), a leading provider of governance, risk, and compliance advisory services and technical solutions.
September 09, 2021
Tags: ACA Group, Strategic Partnerships