In a recent speech, the director of the SEC Office of Compliance Inspections and Examinations revealed that the agency has increased staffing in the Investment Adviser/Investment Company (“IA/AC”) Examination Program by 20%. This expansion confirms the SEC’s continued focus on investigations and enforcement actions related to investment adviser fraud, such as: misleading fee agreements; failing […]
Read MoreWhy you must develop a response to cyber security and financial crime threats
Why you must develop a response to cyber security and financial crime threats A recent SEC action has highlighted how concerned regulators have become about data intrusion risks in the asset management sector. Last month the Securities and Exchange Commission settled charges with an investment adviser R.T. Jones Capital Equities Management that the regulator alleged […]
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