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The weekly news source for investment management legal and compliance professionals

August 1, 2016

This Week's Issue

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Examiners Scrutinize Adviser Relationships with Broker-Dealers

Examiners visiting advisory firms spend increasing amounts of their time these days on cybersecurity and other hot topics du jour. But thatís by no means how they spend all their time. They also look into advisory firm bread-and-butter practices, not least among them relationships with non-affiliated broker-dealers.
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Donohue: SEC’s Voice Needed in International Efforts to Address Systemic Risk

The SECís voice is an important one on international bodies that seek to address systemic risk in the asset management industry. So said Commission chief of staff Andrew Donohue in a recent London speech.
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SEC Charges Adviser with Steering Investor Money to His Own Companies

Failure to disclose and conflicts of interest are two of the SECís top focus areas. So when the agencyís Division of Enforcement learned of an adviser who allegedly took money from investors and secretly steered it into real estate investments he owned or controlled, you can be sure the Division sat up and took notice.
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Market Intelligence Chief Leaving SEC

SEC Office of Market Intelligence chief Vincent Martinez will leave the agency in early August, the SEC said July 22. Victor Valdez, Division of Enforcement managing executive, will serve as acting chief of market intelligence following Martinezís departure.
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