'The rule proposal is not needed.' Principal 'traders are already subject to anti-fraud and anti-manipulation provisions of the Exchange Act'
In reaffirming 'existing obligations,' the SEC also gives examples of what advisers should and shouldn’t do
The new proposal would hand compliance a second job
The settlement with Aaron Capital represents one of the first Form CRS cases originated by FINRA
Advisers would have to describe their use of ESG factors, their strategies, methods of analysis and how they voted relevant proxies
One part of the proposal asks should the Commission delegate to a fund’s CCO the duty to determine if the 80% threshold has been satisfied
The agency will release 'quite a bit of guidance' to help with compliance with the new IA ad rule 'between now and the November compliance ...
BNY Mellon IA compliance personnel were unaware before mid-March 2020 that quality reviews were not prepared for all Overlay Fund investments, and thus lacked pertinent ...
The more than 69,000 private funds reside in 40 different countries, with the United States and the Cayman Islands hosting the bulk of them
When examiners find a compliance issue that appears to have been missed by a firm, it naturally makes them wonder what else the firm hadn’t ...