Investment advisers are among the most heavily regulated professionals. They are subject to fiduciary duties, the anti-fraud sections, requirements to keep certain books and records and have an obligation to properly implement compliance programs. Despite these regulations, cases against investment …
Tag: investment advisers
After Failing to Permit OCIE Exams, Commission Files Action
It is axiomatic that a registered investment adviser has a duty to maintain certain records. Equally fundamental is the fact that when the Commission’s Office of Inspections and Examinations or OCIE calls, the advisory firm has an obligation to produce …
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