Custody

Some advisers might celebrate the prospect that the often confusing and confounding custody rule would disappear. But you might not be so happy with what ...

"The proposal requires, for the first time, that advisers and qualified custodians enter into written agreements with each other that help guarantee the custodian’s protections"

"My second set of concerns is around the proposed rule’s workability .... Getting custodians to enter into written agreements and provide the required reasonable assurances ...

"Today’s proposed amendments apply to all assets over which an investment adviser has custody. It does not favor or discourage one asset class over another"

"The proposing release takes great pains to paint a 'no-win' scenario for crypto assets"

"Today’s proposal represents another important step in the Commission’s efforts to modernize and strengthen the implementation of our federal securities laws. By expanding custody protections, ...

(a) Safekeeping required. If you are an investment adviser registered or required to be registered under section 203 of the Act (15 U.S.C. 80b–3), you ...

'Digital engagement,' market structure remain Gensler's top priorities

Private funds vulnerable on custody, insider trading

From 2013 until June 30, 2020, however, Arcadia failed to obtain the required surprise examinations for the client accounts for which it had custody