Custody

Manager, adviser didn't disclose until after the SEC came calling, order says

Feds focused on custody, loans, stablecoins, and holding crypto assets legally

SEC examiners are focusing on private funds’ compliance with the custody rule, and outside auditors may not be helping, a compliance expert cautions. “We’re seeing, ...

The founder of an Orange County private fund adviser bungled his firm’s entry into the industry, its custody of client funds, its compliance program, its ...

The SEC also points the finger at the CCO for filing and signing years’ worth of Form ADV brochures that allegedly contained “false and misleading ...

Redwood had custody of its clients’ Mortgage Company promissory notes because it had possession of and direct access to them, and it failed to comply ...

In a new settlement order, the SEC says private fund adviser Soteira Capital and its principals, Derek Charles Clark and Laura Santos overcharged performance fees, ...

Case another example in importance of delegating compliance authority

"The SEC is seeking comment on crypto custody arrangements by broker-dealers and relating to investment advisers. Custody protections are key to preventing theft of investor assets, ...

A peer shares an LOA that has been successfully used to confirm the registration of accounts at third parties prior to sending wire transfers. This ...