Investment Adviser News & Guidance
More major custodians have alerted their adviser clients that they’ve joined forces to try to persuade the SEC not to regard the movement of monies between like-named accounts as custody.   Earlier this month, we reported that Schwab was warning its adviser clients of the risk of an exam deficiency ...
Our recent coverage of the FTC’s notable $11 million fine against an investment adviser for violating the filing requirements under the Hart-Scott-Rodino Act continues to provoke questions (IA Watch, July 28, 2016).   Even the SEC has responded to that FTC action against ValueAct Capital Management ...
The Institute for the Fiduciary Standard Sept. 19 announced a new program that will allow fiduciary advisors to better show investors how they serve clients’ best interests. The program will also afford investors the ability to identify such advisors. The Institute touts its “code of conduct” as th...