The Securities and Exchange Commission ("SEC") recently announced that it settled charges with two investment advisory firms related to compliance failures within their wrap fee programs. For violations of Section 206(4) of the Investment Advisers Act ...

Seward & Kissel LLP


40 Act Blog - 5 new articles


Two Firms Charged with Compliance Failures in Wrap Fee Programs

The Securities and Exchange Commission ("SEC") recently announced that it settled charges with two investment advisory firms related to compliance...

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OCIE Undertakes Initiative to Examine Registered Investment Advisers that Employ Individuals with a History of Disciplinary Events

In a recent risk alert, the SEC’s Office of Compliance Inspections and Examinations (“OCIE”) stated that it intends to examine compliance...

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SEC Issues No-Action Relief in Connection with the Purchase of an Investment Adviser

In a recent no-action letter, the staff of the Division of Investment Management of the Securities and Exchange Commission (the “Staff”)...

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SEC Adopts Rule Amendments to Enhance Information Reported by Investment Advisers

On August 25, 2016, the Securities and Exchange Commission (the “SEC”) adopted amendments to Form ADV and the Books and Records Rule to enhance...

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Investment Adviser Settles Charges of Failing to Disclose Key Terms in Application for Exemptive Relief

The Securities and Exchange Commission ("SEC") recently announced its settlement of charges against a registered investment adviser (the "Adviser")...

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