Carl Ayers
You might be getting dizzy by now, after a federal judge Feb. 18th granted a motion to reignite the reporting obligations under the Corporate Transparency Act
Affiliate title Regulatory Compliance Watch has obtained its first copy of an SEC examination document request letter sent to an adviser after the new Trump administration took office and it confirms that adviser advertisements continue to attract examiner scrutiny.
Wording of the expenses also left much to be desired.
Among other things, this proposal would mandate that advisers must verify a customer’s or an entity’s identity 'within a reasonable time before or after the customer’s account is opened.'
You don’t have to go to the islands, but private funds based in the Cayman Islands must hold at least one governance meeting annually under new local regulations.
SEC widens the risk calculus for private fund managers.
In the last five years, 'the population of advisers has grown by over 2,300 and the assets managed by these entities has increased by approximately $30trn,' the report states.
An adviser CCO tells of a recent SEC exam that deeply probed the adviser’s due diligence into its pricing services used for establishing valuations.
A proposed regulation governing outsourced services gives examples of what would be in the rule and what services would be outside the rule.
An RCW analysis of more than 120 advisers that have already answered these questions found every one of them indicated they will use testimonials