U.S. Securities and Exchange Commission

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CCO Charged with Inadequate Form ADV Disclosures

CCO Charged with Inadequate Form ADV Disclosures WHAT HAPPENED? On March 29, 2017, the SEC charged the dually-acting principal and Chief Compliance Officer of Alison, LLC, with failing to provide specific books and records to the Commission’s examination staff. In addition, the examination concluded that the registered investment adviser’s Form ADV [...]

By | 2022-12-15T14:47:23-05:00 Apr 12th, 2017|Books and Records, Enforcement, Mutual Fund and Institutional Issues, Registration, Disclosure and Filing Requirements, U.S. Securities and Exchange Commission|
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SEC Releases ‘No-Action’ Letter Concerning the Custody Rule

SEC Releases ‘No-Action’ Letter Concerning the Custody Rule WHAT HAPPENED? On February 21, 2017, the SEC released a ‘no-action’ letter to address confusion surrounding the Investment Advisers Act Rule 206(4)-4 (the “Custody Rule”) and its requirements for first-party money movement and third-party money movement.  The letter is intended to [...]

By | 2017-02-23T02:16:54-05:00 Feb 23rd, 2017|Custody, Mutual Fund and Institutional Issues, Private Equity Issues, U.S. Securities and Exchange Commission|
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