Displaying 54 results
Trying to halt the SEC
A wide range of financial industry groups are urging the agency to withdraw its most controversial proposals, but even the most reviled likely will avoid major changes.
SEC regulations give ‘short shrift’ to potential cost for small advisors
Investment Adviser Association files petition pushing agency to make number of staff, not AUM, the deciding factor in defining a firm as 'small.'
Implications of the SEC rulemaking agenda
The more than a dozen major new rules the agency has proposed or finalized will create significant disruption for investment advisors, with substantial long-term implications.
SEC adopts rules to boost oversight of private-fund advisors
Quarterly reporting and an annual audit 'could eat into returns and be borne by investors.'
Tsunami of new rules bears down on advisors
With the SEC preparing to approve a number of major proposals next year, firms face added costs and a huge amount of compliance work.
Investment advisor numbers escalate while ideas for stronger oversight remain stuck
Should the SEC turn to a third-party organization to help it increase the number of exams?
What’s keeping investment firm compliance officers awake at night?
The Investment Adviser Association reveals the results of its 2023 Investment Management Compliance Testing Survey.
Financial industry, regulators likely to clash over rules slated for second half
The Labor Department's advice rule is likely to lead to controversy over whether a recommendation to roll funds from a 401(k) to an IRA constitutes advice.
Number of investment advisors hits record high
Employment at advisory firms also reached a record, while assets under management declined in 2022, according to an annual study by the Investment Adviser Association and National Regulatory Services.
Industry groups ask SEC to extend timeline for cyberbreach notifications
The Investment Adviser Association and SIFMA say a proposed 30-day requirement is too short. But Better Markets says it should be shortened to 14 days.
Backers of bill to ease small-firm regulatory burden seek Senate gains after House win
The legislation would force the SEC to calibrate compliance costs for small and growing businesses, including advisory firms.
Advisor, industry groups blast SEC custody proposal
Trade groups question a provision in the proposal that would deem advisors with discretionary authority over client accounts to have control of the assets.
Advisors express caution, enthusiasm about being gatekeepers to private markets
Legislation recently approved by a House committee would deem the clients of investment advisors to be accredited investors.
Bill to ease regulatory burden on small advisors sails through committee
The SEC's current definition of small advisors is 'antiquated,' which means the agency's regulations are not properly calibrated for such firms, the Investment Adviser Association said.
Gary Gensler has his game face on
With cheerleaders on the left and critics on the right, the chair of the Securities and Exchange Commission stays focused on what matters.
SEC’s dive into messaging apps poses new compliance challenge
The agency's document requests seek details on how firms monitor, review and retain 'off-channel' communications — all the way up to the senior executive level.
IAA renews push for bill to ease regulatory burdens on small advisors
The trade association is seeking to change the basis for the SEC's definition of 'small' from assets under management to another metric, such as employees.
SEC set to step up number of onsite exams
'Having the interaction with registrants is really critical,' Natasha Vij Greiner, deputy director of the SEC's Division of Examinations, told an Investment Adviser Association conference.
IAA advocates for advisors as portals to private investments for clients
The trade association is trying to insert language into capital formation legislation that would deem investors accredited if they work with a fiduciary advisor.
Marketing rule ‘represents balance’ in mandate to back up claims: SEC official
'It doesn’t require literally a bible or book of every single claim made in any ad ever to be retained forever,' Thoreau Bartmann, an SEC counsel, told an Investment Adviser Association conference in Washington.
