The adviser purported to rely on the exception to the qualified custodian requirement but did not obtain an audit of each of the Funds and ...
The firm also did not properly describe the status of its fund’s financial statement audits when filing its Forms ADV and did not update certain ...
The adviser failed to maintain securities of certain private equity funds that it advised with a qualified custodian
He failed to take necessary steps to do so despite being on notice of the rule’s requirements and was aware of the ongoing failures in ...
Suit asks Fifth Circuit to vacate sweeping new rules
SEC can't mandate stand-alone compliance departments, but burdens of new rules may make it inevitable
By slipping 2019 fiduciary guidance in as dicta, Commission may signal a crackdown
Examiners seek lists of employees, execs, board members with cyber responsibilities
The 660-page final rule includes six new Advisers Act rules and two modifications to existing rules
In an era of political sanctions, risks aren't hypothetical, but they are exponential