Compliance
Performance Reports Closely Scrutinized By SEC In Barring Investment Advisor Representative; A Lesson To Principals On Disclosing Reasons For Terminating Employees
- Details Category: Registered Investment Advisors
A 30-page ruling permanently barring a private wealth advisor from ever again associating with a Registered Investment Adviser delved into the minutiae of portfolio reporting practices and calculations, and could signal that the SEC’s promise to scrutinize more closely performance reporting in the post-Madoff era is starting to result in sanctions against RIAs and IA reps. The case also highlights the need for principals at advisory firms to be truthful in filing U5 termination notices when an employee is fired for misconduct, even if it means hurting an individual's professional car
SEC To RIAs: Don't Use Facebook "Like" Buttons; SEC Provides Guidance On What Constitutes A Testimonial
- Details Category: Advertising Compliance
The U.S. Securities And Exchange Commission does not like Facebook “like” buttons to be used by Registered Investment Advisers, or at the very least wants RIAs to use “like” buttons very carefully.
The SEC Has So Much On Its Plate That Advisory Regulation, Fiduciary Rules Are Rolling Off
- Details Category: Registered Investment Advisors
Ironing out "oversight of investment advisors" is theoretically on the SEC's calendar for the next six months, but the regulator's priorities are clearly going to be elsewhere.
Disputes Over Axys Performance Numbers No Excuse For Fudging Client Reports, SEC Says
- Details Category: Books & Records
A Connecticut advisor has been barred from the industry and fined $60,000 for what the SEC says amounts to doctoring his clients' performance reports.
Advisor's LinkedIn Scam Triggers SEC Social Media Alert
- Details Category: Registered Investment Advisors
An advisor in the Chicago area has not only attracted a cease-and-desist order but gotten the SEC to get off the fence when it comes to social media use among advisors.
More Articles ...
- FINRA Foes Look To The Supreme Court To Lay Down The SRO Law
- It's Official: The SEC Is Checking ADV Claims And Punishing "Creative" Errors
- No Progress? 2011 Ends With The Same Regulatory Questions Advisors Were Facing 12 Months Ago
- Previous "Safe Harbor" Practices May Not Be Adequate In 2012, Compliance Guru Says
