Form ADV

The new data indicate advisers aren’t broadly embracing the new ad rule

Pinnacle did not conduct sufficient periodic reviews of client advisory accounts to determine whether client accounts were being managed in accordance with their investment mandates

Still no sign that a widely anticipated SEC sweep looking at compliance with the new advertising rule has commenced. Yet examiners are asking lots of ...

Form ADV responses reveal a chill in using the new ad rule’s flexibility

BAG’s compliance manual included P&Ps requiring that trade orders include instructions for how the shares in the block trade are to be allocated. However, Brander ...

Biscayne failed to timely distribute annual audited financial statements prepared in accordance with Generally Accepted Accounting Principles (“GAAP”) to investors in certain private funds that ...

Lend Academy failed to conduct and timely distribute annual audited financial statements prepared in accordance with Generally Accepted Accounting Principles (“GAAP”) to investors in certain ...

Garrison failed to timely deliver the audited financials to Ethika’s investors

The settlement focuses on Aventura’s disclosures in its Form ADV, Form CRS and investment management agreements—offering lessons for other advisers

This is a checklist created by Colleen Montemarano, senior consultant at NorthPoint Compliance in Red Bank, N.J.