Custody

When the president of Valentine Capital Asset Management ($367 in AUM) lost his ability to earn commissions from a managed futures fund, he simply created ...

It’s taken the Public Company Accounting Oversight Board a long time to develop an inspection program for custody auditors so the SEC has extended its ...

Absent adoption by the Public Company Accounting Oversight Board (“PCAOB”) of a permanent program for the inspection of broker and dealer auditors, the no-action position ...

A source shares language purported to come from an OCIE exam deficiency letter dealing with the custody issue of moving funds between accounts and custodians.

More signs are turning up that OCIE is pressing a controversial custody stance during its exams. IA Watch has obtained an excerpt from an SEC ...

More major custodians have alerted their adviser clients that they’ve joined forces to try to persuade the SEC not to regard the movement of monies ...

We would not recommend enforcement action to the Commission under Section 17(f)(1) of the 1940 Act against a Fund if the Fund places and maintains ...

Last fall, we reported how Fidelity’s contract could open advisers up to a claim that they hold custody of client funds – and thus would ...

Issuers of medium and long-term bonds and notes paid out more than $100 million in early redemptions as the result of misrepresentations by a hedge ...

Bollinger was responsible for adopting and implementing Fortius’ compliance program. Between 2003 and August 2012 (throughout the entirety of Oliver’s association with the firm), Fortius ...