Monday, February 27. 2023

SEC Proposes Amendments to Enhance Safeguarding for Registered Investment Advisers

The SEC has proposed new rule changes under the Investment Advisers Act of 1940, under which investment advisers are regulated. The changes are designed to improve protections of investor assets managed by investment advisers registered with the SEC. Pursuant to the act, the proposed new safeguarding rule would also revise and renumber current custody rule 206(4)-2. Additionally, the SEC is proposing amendments to the recordkeeping rule under the Act and to Form ADV for investment adviser registration under the Act.

Continue reading "SEC Proposes Amendments to Enhance Safeguarding..." »
Posted by
LeAnn Dey
in Investor Education, SEC at 15:15

SEC Staff to Hold Investor Advisory Committee Meeting

The SEC has announced a virtual Investor Advisory Committee meeting that will take place on Thursday, March 2, 2023, at 10:00 a.m. ET. The public may attend this free event, which will be presented live via webcast at sec.gov. {expires: 2023-03-03} Continue reading "SEC Staff to Hold Investor Advisory Committee..." »
Posted by
LeAnn Dey
in Events, Investor Education, SEC at 12:54

Friday, February 24. 2023

SEC Adopts Rules to Reduce Risks in Clearance and Settlement

The SEC has adopted final rules related to the duration of the standard settlement cycle for most broker-dealer transactions, as well as the processing of institutional trades by broker-dealers and certain clearing agencies. Additionally, the SEC is amending certain recordkeeping requirements applicable to registered investment advisers. Continue reading "SEC Adopts Rules to Reduce Risks in Clearance..." »
Posted by
LeAnn Dey
in Investor Education, SEC at 11:33

Friday, February 10. 2023

SEC’s Division of Examinations Releases 2023 Priorities

On February 7th, SEC’s Division of Examinations issued its 2023 examination priorities, the publication that  details the Division’s risk-based approach, including the areas it believes may present possible risks to the integrity of the US capital markets and investors. When compiling the examination priorities, the Division is guided by its objectives to promote and improve compliance, prevent fraud, monitor risks, and inform policy. Continue reading "SEC’s Division of Examinations Releases 2023..." »
Posted by
LeAnn Dey
in Investor Education, SEC at 13:29

SEC’s Division of Investment Management and Division of Trading and Markets to Hold Open Meeting

SEC staff in the Division of Investment Management and the Division of Trading and Markets will hold an open meeting via webcast on sec.gov to address the topics of Shortening the Settlement Cycle and Safeguarding Advisory Client Assets. The meeting will take place on Wednesday, February 15, 2023, at 10:00 a.m. ET and is free and open for the public to attend. {expires: 2023-02-16} Continue reading "SEC’s Division of Investment Management and..." »
Posted by
LeAnn Dey
in Events, Investor Education, SEC at 08:36

Wednesday, February 08. 2023

GASB Introduces Proposed Guidance to Facilitate Application of Subscription-based Information Technology Arrangements

On February 6th, the Governmental Accounting Standards Board (GASB) released proposed implementation guidance that would expound on existing guidance related to subscription-based information technology arrangements (SBITAs). The Exposure Draft, Additional Proposal for Implementation Guidance Update—2023, focuses on whether the definition of a cloud computing arrangement is comparable to that of an SBITA, as defined in GASB Statement No. 96, Subscription-Based Information Technology Arrangements. Continue reading "GASB Introduces Proposed Guidance to Facilitate..." »
Posted by
LeAnn Dey
in Accounting, GASB News, Investor Education at 09:04
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