registered investment adviser

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The SEC announces its 2017 examination priorities

Attention to those in the financial industry, particularly, Broker/Dealers, Investment Advisers and Firms involved with Pension Funds and Seniors; OCIE is focused on you. The SEC's National Examination Program (NEP) of the Office of Compliance Inspections and Examinations (OCIE) announced that its examination priorities in 2017 will focus on three general areas including retail investors, risks specific to elderly investors and retirement investing, and assessing market-wide risks. Taken directly from the SEC website, "Cybersecurity - OCIE will continue its ongoing [...]

Anti-money laundering (AML) requirements for Investment Advisers – what you need to know

The United States Treasury, through its Financial Crimes Enforcement Network (FinCEN) has gone beyond publishing its notice of proposed rulemaking by imposing the Anti-money laundering (AML) requirements to both the opening and closing of the comment period, moving closer to implementation. When adopted, covered registered investment advisers (RIA’s) will be required to: File currency Transaction Reports (CTR’s) and maintain detailed records of the transmittal; Implement and AML program crafted for their particular use; File Suspicious Activity Reports(SAR’s), where applicable; and Become [...]