Custody

Commissioners voted unanimously this morning to adopt the SEC's first major rule affecting investment advisory firms in the aftermath of the Madoff scandal. In approving ...

SEC Commissioners plan to meet Wednesday to consider their amendments to the proposed custody rule (IA Watch, Aug. 10, 2009). The question to be answered ...

More than 850 people sent off comments to the SEC in response to the agency's proposed custody rule (IA Week, May 25, 2009), but agency ...

The most controversial part of the SEC's proposed custody rule hovers around declaring a firm as maintaining custody if it electronically deducts client fees (IA ...

Some believe the SEC has gone too far; others say not far enough. Consensus lines up with disapproval of the Commission's decision to propose that ...

The biggest changes in the custody rule since 2003 call for an annual surprise exam - with an estimated average cost of $8,100 - for ...

In its first proposed revision of the Advisers Act since the mischief of Bernard Madoff, the Commission has decided unanimously to propose all advisers with ...

One way to relieve worries about dual registrants that self-custody client assets would be for the SEC to do a combined investment adviser and broker-dealer ...

The lessons from the failure of Lehman Brothers keep growing (IA Week, Nov. 11, 2008). The sad tale recounts the risks to counterparties who believed ...

Look it as a Christmas gift from the SEC. Two days before the recent holiday, an East Coast adviser discovered an e-mail from the agency's ...