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The weekly news source for investment management legal and compliance professionals

Topic: Status and Exemptions - Advisers

Associations Support FSOC Financial Institution Evaluation Changes

May 17, 2019
Asset management associations this month issued letters of strong support for proposed guidance from the Financial Stability Oversight Council (FSOC) that would alter the way the Council evaluates non-bank financial institutions – a group that includes investment advisers, investment companies and broker-dealers – in terms of their systemic risk to the country’s financial stability.

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Get the Most Out of Exemptive Applications and No-Action Requests

March 29, 2019
Whether applying for a job, seeking to secure financing or sending the SEC an application for an exemptive order or a request for no-action relief, it is always wise to put your best foot forward. No sense damaging your chances with an application that is poorly written, disorganized or omits key information. There are steps that attorneys for advisers, funds and others can take to ensure their process gets off to a good start.

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SEC Seeks Comments on Adviser Licensing and CE, Account Statements, Finances

April 27, 2018
Will investment adviser employees in the not-too-distant future need to be federally licensed and seek continuing education credits, required to provide account statements to clients, and meet new "financial responsibility" measures? It’s quite possible, given that the Commission this month requested comments on these specific subjects.

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Adviser Finds That Exemption Does Not Protect Against Enforcement

April 8, 2016
"Exempt" doesn’t mean exempt from anti-fraud regulations or the SEC’s watchful eye. A venture capital fund adviser found this out the hard way when it reached a settlement with the agency over allegations that it misappropriated more than $18 million in investor funds.

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Waivers: Aguilar Calls for Conditional Waivers, More Transparency

September 18, 2015
SEC commissioner Luis Aguilar wants the SEC to change how the Commission staff handles requests for waivers from regulatory disqualifications. More comprehensive and detailed reporting of staff waiver action, creation of a public waiver website, and the increased use of conditional waivers are among his suggestions.

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Family Office FAQs Released

February 7, 2012

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What Can Registering Advisers Expect When They Arrive At The SEC?

March 2, 2011

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