10/19/2023 By Jared Calvert, Director, Compliance Services Changing leaves, cooler air, and pumpkin spiced lattes are not the only things investment advisers have to look forward to this fall. On October 16, 2023, the Securities and Exchange Commission (“SEC”) Division of Examinations released its exam priorities for 2024. This came eight short months after the…
By Lisa Ward, Director of Marketing Review and Matt Giggey, Director, Compliance Services As part of a sweep conducted by the Securities and Exchange Commission, charges were brought against nine registered investment advisers for advertising hypothetical performance to the general public on their websites without adopting and/or implementing policies and procedures required by the Marketing…
By Sarah Schmidt, Consultant On September 6th, 2023, the Securities and Exchange Commission (SEC) issued a risk alert titled, “Investment Advisers: Assessing Risks, Scoping Examinations, and Requesting Documents.” This seven-page document delves into the thought process behind examinations. It also includes attachments containing the typical examination procedures and document requests made by the SEC staff…
By Ian Meiksins, KBC President On August 23rd, 2023 the Securities and Exchange Commission (“SEC”) approved a final rule making a vast array of changes to the Investment Advisors Act of 1940, attempting to provide investors within private funds, managed by Advisors, more protections and safeguards. While the final ruling is a significant reduction in…
In a recent webinar, CEO Matt Swendiman was joined by Anthony Stanek, Managing Director at IPL (Investors Preferred). The webinar focused on the potential benefits of private placement life insurance (PPLI) and private placement variable annuities (PPVA) for registered investment advisors (RIAs) and their high net worth clients. Understanding Private Placement Insurance and Annuities Private…
By Ian Meiksins, Key Bridge Compliance President The Securities and Exchange Commission proposed a new rule that would require registered investment advisors to conduct due diligence and ongoing review of a vast array of third-party service providers. The proposed rule is coming at a time where outsourcing functions such as compliance, IT, trading and portfolio…
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