Investment Adviser Compliance with SEC’s Amended Form ADV

Beginning October 1, 2017, investment advisers filing Form ADV with the Securities and Exchange Commission (the “SEC”) must file using the amended form adopted by the SEC on August 25, 2016 (the “Amended Form ADV”).  According to the staff of the SEC, the Amended Form ADV is intended to modernize and enhance disclosure requirements while […]

CFTC Chair Giancarlo: Embracing Blockchain Is in the ‘National Interest’

That’s according to J. Christopher Giancarlo, chairman of the Commodity Futures Trading Commission (CFTC), who issued the bold proclamation in remarks at a gathering of government technology executives in Washington, D.C. Wednesday morning. But while the blockchain industry has been encouraging regulators and government agencies to embrace the technology for years, this acknowledgment might have more oomph behind […]

Form ADV Changes to Take Effect Next Month

Beginning next month, registered investment advisors (RIA) will have to disclose more details around private funds they manage, separately managed accounts (SMA), social media postings and regulatory assets. The changes take effect Oct. 1 following adoption of the amendments to Form ADV 1A by the Securities & Exchange Commission last year. Advisers filing an initial […]

SS&C GlobeOp’s Regulatory Solutions Group Celebrates Five Year and 500 Client Milestone

SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of financial services software and software-enabled services, today announced that the SS&C GlobeOp Regulatory Solutions Group has launched several new high performance solutions designed to improve data and portfolio management, performance reporting, and investment qualification processes for funds and asset managers to complement compliance with global […]

Countdown to New Form ADV – Are You Ready?

October 1st is less than a month away. That’s the effective date for the new Form ADV (Uniform Application for Investment Adviser Registration and Report by Exempt Reporting Advisers). The new form reflects numerous changes adopted by the Securities and Exchange Commission (“SEC”) on August 25, 2016 to improve the quality of the information collected […]

Federal Court Rules Layering Can Be Market Manipulation

The US District Court in New York hearing the enforcement action by the Securities and Exchange Commission against Lek Securities and Samuel Lek, its 70 percent owner and chief executive officer (collectively, the “LEK Defendants”), denied the defendants’ motion to dismiss, ruling that layering and cross-market manipulation as alleged by the SEC in its complaint […]

CFTC fills vacancies with new commissioner, chief economist

Earlier this month, Brian Quintenz was officially sworn in to serve as a commissioner on the Commodity Futures Trading Commission, the federal agency that oversees the commodity futures, options and swaps industry. His term expires in April 2020. “I am honored to be among the first to congratulate Brian on joining the Commission,” said Chairman […]

Accountancy services with the personal touch

The hedge fund industry has experienced significant forces of change in recent years, mostly driven by market regulation in the form of FATCA and the Dodd-Frank Act placing Form PF and CPO-PQR reporting obligations on firms.  This has led to far greater complexity with respect to operational compliance and prompted a wide universe of service […]