SEC Charges Three Firms With Violating Custody Rule

posted in: Custody | 0

 The Securities and Exchange Commission today sanctioned three SEC-registered investment advisory firms for violating the “custody rule” that requires them to meet certain standards when maintaining custody of their clients’ funds or securities. SEC investigations following referrals by agency examiners … Continued

SEC Audits – 6 Items

posted in: SEC Examinations | 0

According to Junxure’s Greg Friedman a SEC audit is all about the data and how to get to it fast, specifically these six: 1. Client lists — current clients, ex-clients, wrap-fee clients, related persons, etc. 2. Contact lists — vendors, advisors … Continued

SEC vs. Hedge Funds (Guess Who is Winning)

posted in: SEC Examinations | 0

In her recent talk before the Managed Funds Association, SEC Chair Mary Jo White detailed how the SEC has been “active” in bringing enforcement cases involving private funds.  Chair White has obviously mastered the art of understatement. After all, does … Continued