Improving Investment Adviser Compliance, Peter B. Driscoll, SEC Acting Director, Office Of Compliance Inspections And Examinations, GIPS Standards Annual Conference, Sept. 14,

Thank you for that kind introduction and for inviting me to speak at this event.Before starting my remarks, let me give the requisite reminder that the views I express today are my own and do not necessarily represent the views of the Commission or its staff.[1] It is a pleasure for me to speak to […]

CFTC Issues Order Permitting the CME to Commingle Certain Customer Funds

The CFTC issued an amended order that allows the Chicago Mercantile Exchange, a derivatives clearing organization (“CME”), to commingle certain customer funds used to margin, secure, or guarantee futures contracts, with customer funds related to contracts that are listed or will be listed on the Dubai Mercantile Exchange (“DME”). The order was expanded to include certain DME-listed products in […]

Revisions to Form ADV

As we previously summarized in September 2016, the SEC has adopted changes to Form ADV, the filing required to be made by nearly all SEC and state-registered investment advisers. These revisions went into effect on October 1, 2017. Among other changes, the updated Form ADV places significant additional reporting requirements on investment advisers who manage separate accounts. […]