Category: INVESTMENT ADVISORS

SEC Registered Investment Advisers (RIAs) are financial professionals or firms that manage investments and provide advice to clients, required by law to register with the U.S. Securities and Exchange Commission (SEC) if they manage assets above a certain threshold (typically $110 million or more). Registered advisers must comply with stringent regulatory standards under the Investment Advisers Act of 1940, including fiduciary duties to act in the best interests of their clients, providing full disclosure of conflicts of interest, maintaining proper records, and adhering to SEC rules on client communications and advertising. They undergo regular examinations by the SEC to ensure compliance with these standards. In contrast, Exempt Reporting Advisers (ERAs) are a subset of investment advisers exempt from full SEC registration but still required to file reports with the SEC, such as a truncated version of Form ADV. ERAs often include advisers who solely manage private funds and have assets under management below the SEC registration threshold, allowing them to avoid the comprehensive regulatory requirements applicable to SEC-registered RIAs while still providing basic disclosure to the SEC and complying with anti-fraud provisions of federal securities laws.

You can find out how to get in touch with your state securities regulator to obtain information about additional requirements with individual states. You can locate  state-registered investment advisers through the website of the North American Securities Administrators Association, Inc. (NASAA).

DOJ-PR-240612.1

File ID:  DOJ-PR-240612.1 Date:  June 12, 2024 Accessed:  July 11, 2024 Headline:  New York Fund Manager Admits Multimillion-Dollar Investment Fraud Scheme Source:  https://www.justice.gov/usao-nj/pr/new-york-fund-manager-admits-multimillion-dollar-investment-fraud-scheme Categories: INVESTMENT ADVISORS INVESTMENT FUND FRAUD MAKING FALSE STATEMENTS MISLEADING INVESTORS DOJ-PR-240612.1 – Viewer: ▼▼▼ (Download PDF File )

SEC-PR-2024-72

File ID:  SEC-PR-2024-72 Date:  June 12, 2024 Accessed:  July 11, 2024 Headline:  Securities and Exchange Commission Charges JAG Capital Advisors and its Founder Joshua Goltry with Defrauding Investors Source:  https://www.sec.gov/newsroom/press-releases/2024-72 Categories: INVESTMENT ADVISORS INVESTMENT FUND FRAUD MAKING FALSE STATEMENTS MISLEADING INVESTORS SEC-PR-2024-72 – Viewer: ▼▼▼ (Download PDF File )

SEC-PR-2024-57

File ID:  SEC-PR-2024-57 Date:  May 15, 2024 Accessed:  July 9, 2024 Headline:  Securities and Exchange Commission Staff Publishes New Investment Adviser Statistics Report. Source:  https://www.sec.gov/newsroom/press-releases/2024-57 Categories: AGENCY REPORTS SEC REPORTS INVESTMENT ADVISORS SEC-PR-2024-57 – Viewer: ▼▼▼ (Download PDF File )

SEC-PR-2024-55

File ID:  SEC-PR-2024-55 Date:  May 14, 2024 Accessed:  July 9, 2024 Headline:  SEC Charges Hudson Valley Wealth Management Advisory Firm and Founder for Failing to Disclose Conflicts of Interest. Firm owner received undisclosed fee for investing clients’ money in films. Source:  https://www.sec.gov/newsroom/press-releases/2024-55 Categories: INVESTMENT ADVISORS DISCLOSURE FAILURES SEC-PR-2024-55 – Viewer: ▼▼▼ (Download PDF File )

SEC-PR-2024-54

File ID:  SEC-PR-2024-54 Date:  May 13, 2024 Accessed:  July 9, 2024 Headline:  SEC, FinCEN Propose Customer Identification Program Requirements for Registered Investment Advisers and Exempt Reporting Advisers.(U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN)) Source:  https://www.sec.gov/newsroom/press-releases/2024-54 Categories: AGENCY RULES-CHANGES SEC RULES-CHANGES INVESTMENT ADVISORS SEC-PR-2024-54 – Viewer: ▼▼▼ (Download PDF File )

SEC-PR-2024-36

File ID:  SEC-PR-2024-36 Date:  March 18, 2024 Accessed:  July 3, 2024 Headline:  SEC Charges Two Investment Advisers with Making False and Misleading Statements About Their Use of Artificial Intelligence Source:  https://www.sec.gov/newsroom/press-releases/2024-36 Categories: INVESTMENT ADVISORS MAKING FALSE STATEMENTS ARTIFICIAL INTELLIGENCE MISLEADING INVESTORS SEC-PR-2024-36 – Viewer: ▼▼▼ (Download PDF File )

SEC-PR-2024-44

File ID:  SEC-PR-2024-44 Date:  April 3, 2024 Accessed:  July 4, 2024 Headline:  Securities and Exchange Commission Charges Advisory Firm Senvest Management with Recordkeeping and Other Failures Source:  https://www.sec.gov/newsroom/press-releases/2024-44 Categories: INVESTMENT ADVISORS PRESERVING ELECTRONIC COMMUNICATIONS RECORDKEEPING FAILURES UNAPPROVED COMMUNICATION METHODS SEC-PR-2024-44 – Viewer: ▼▼▼ (Download PDF File )

SEC-PR-2024-42

File ID:  SEC-PR-2024-42 Date:  March 27, 2024 Accessed:  July 3, 2024 Headline:  SEC Adopts Reforms Relating to Investment Advisers Operating Exclusively Through the Internet Source:  https://www.sec.gov/newsroom/press-releases/2024-42 Categories: AGENCY RULES-CHANGES SEC RULES-CHANGES INVESTMENT ADVISORS SEC-PR-2024-42 – Viewer: ▼▼▼ (Download PDF File )

SEC-PR-2024-30

File ID: SEC-PR-2024-30 Date: March 1, 2024 Accessed: July 3, 2024 Headline:  Securities and Exchange Commission Charges Advisory Firm HG Vora for Disclosure Failures Ahead of Ryder Acquisition Bid Source: https://www.sec.gov/newsroom/press-releases/2024-30 Categories: INVESTMENT ADVISORS DISCLOSURE FAILURES ACQUISITIONS & MERGERS SEC-PR-2024-30 – Viewer: ▼▼▼ (Download PDF File )

SEC-PR-2024-09

SEC-PR-2024-09 Source:  https://www.sec.gov/newsroom/press-releases/2024-9 Accessed:  July 13, 2024 SEC Charges Chicago-based Aon Investments and Former Partner with Misleading Pennsylvania Public Employees’ Pension Fund FOR IMMEDIATE RELEASE | 2024-9 Washington D.C., Jan. 25, 2024 — The Securities and Exchange Commission today announced settled charges against Aon Investments USA Inc., a Chicago-based registered investment adviser, and the firm’s […]