Risk Alert: SEC Wraps Up Its Wrap Fee Initiative Examinations and Provides Guidance to RIAs
August 12, 2021
On 7/21/21, the SEC’s Division published a Risk Alert that discussed the deficiencies found most frequently by examiners.
Read MoreRisk Alert: Observations Regarding Fixed Income Principal and Cross Trades
August 5, 2021
On July 21, 2021, the SEC’s Division of Examinations (the “Division”) published a risk alert detailing observations from an examination initiative focused on investment advisors engaged in cross trades and/or principal trades involving fixed income securities (“FIX Initiative”).
Read MoreMy Advisor is the GOAT!!! Seven Tips for Using Testimonials and Endorsements under the SEC’s New Marketing Rule
July 27, 2021
At long last, the SEC has relaxed its prohibition on testimonials in investment advisor advertisements. But before firms start enlisting clients, YouTubers, bloggers, and other social media influencers to promote their services, they need to understand the rules. Predictably, the SEC has imposed disclosures and due diligence obligations on investment advisors using endorsements and testimonials.
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