The U.S. Supreme Court ruled on Monday that the SEC is bound by a five-year limitation period when it seeks disgorgement from those who have been found to violate federal securities laws.
Jay Clayton has taken over the reins of the SEC after being sworn in as the 32nd Chair of the Commission in a May 4 ceremony. He had been nominated on Jan. 20 and confirmed by the U.S. Senate on … Read more
Operating Holding Companies and Transient Investment Company Status Clarified by SEC in Guidance Update
The Impact on Thousands of Advisory Firms Ways an Adviser May Inadvertently Have Custody Practical Implications Next Steps More Surprise Examinations: Client Communications and Agreements This ComplianceCast will address the complex Custody topic, tackling practical implications of what circumstances now … Read more
On March 24, ComplianceCast will address the complex Custody topic, tackling practical implications of what circumstances now will constitute custody.
The presidential election as well as the current composition of the SEC has potential impacts for many regulations, including one of the biggest new rule proposals from the SEC: Rule 206(4)-4. With implications for both compliance and operations, the rule … Read more
Ascendant summarizes SEC and FINRA exam priority letters, highlighting key topics to investment advisers and broker-dealers, along with practical advice.
The SEC met its stated fiscal year 2016 goal by examining 11 percent of the investment adviser pool, meaning over 1,300 advisers were covered.
The SEC’s Office of Compliance and Examinations (“OCIE”) released its Examination Priorities for 2017 with a focus on “certain practices, products, and services that OCIE perceives to present potentially heightened risk to investors and/or the integrity of the U.S. capital markets.”
Join Ascendant to review new IA regulatory trends across the DOL Fiduciary Rule, the November Election, and Dodd-Frank regulation. Last December, Ascendant ComplianceCasts predicted the “pendulum swings some” in 2016. The presentation will cover up-to-date regulatory information and issue summaries … Read more