See why ACA Insight is the leading newsletter on regulatory compliance. Sign up for a free 1-week trial.

The weekly news source for investment management legal and compliance professionals

March 7, 2016

This Week's Issue

View and print the current issue in .pdf format.
Continue Reading

Investment Strategy Changes: Don’t Get Burned by Failing to Disclose

Many advisers will re-evaluate and change their investment strategies over the course of a clientís life. Itís part of making sure that clients get the best returns. What a shame, then, when some of those advisers cause new problems for themselves and for their clients by failing to disclose those changes.
Continue Reading

General Solicitation Under Rule 506(c): SEC Investigations Underway

When the SEC in July 2013 adopted Rule 506(c), allowing general solicitation of private offerings, there were a number of concerns, including whether the new rule would open the door to fraudulent offerings, as well as whether advisers to private funds would use the rule at all, given the conditions attached to it. Now we have some answers.
Continue Reading

Unauthorized Transactions: Be on the Lookout for Red Flags

No matter how promising an investment looks, it does not relieve an adviser of the responsibility to obtain written authorization from clients to conduct transactions in their accounts on a discretionary basis. Failure to do so, whether the investments prove successful or not, may leave an adviser facing civil, or even criminal, charges. Chief compliance officers should have their eyes open for warning signs that such activity may be occurring.
Continue Reading

Readership Survey

We want to make sure that ACA Insight provides the kind of news, analysis and best practices you need. Please take a few minutes to complete our readership survey. Your answers will be kept confidential.
Continue Reading