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June 2017

SEC Division of Investment Management Issues New Form ADV FAQs

By | New in Compliance, SEC

June 26, 2017:  As reported last year, on August 25, 2016, the U.S. Securities and Exchange Commission (“SEC”) adopted a series of rule amendments that will impact all federally-registered investment advisory firms. Specifically, the SEC is requiring additional Form ADV disclosures for registered investment adviser (“RIA”) firms related to separately managed accounts, social media accounts, types of clients, branch offices, and the use of an outsourced Chief Compliance Officer (“CCO”). The effective date of the new requirements is October 1, 2017. Therefore, any SEC-registered RIA filing an amendment beginning in October 2017, will be required to provide additional information on Form ADV Part 1. Read More