CCO (Chief Compliance Officer) Content

On April 18, 2023, the SEC's Division of Enforcement announced that it charged, a registered investment adviser offering robo-advisory services with violations of the Investment Advisers Act and rules under the Act. These violations involved material misstatements and omissions...

On May 8, ICI filed the attached comment letter on the SEC's proposal on Safeguarding Advisory Client Assets, issued by the SEC on February 15, 2023. The SEC's proposal would amend and redesignate Rule 206(4)-2 under the Advisers Act rule as new rule 223-1 under the Advisers Act...

On April 28, the Securities and Exchange Commission (SEC or "Commission") reopened the comment period for its proposal to amend the rules governing beneficial ownership reporting on Schedules 13D and 13G ("Proposal"). The Commission reopened the comment period to allow interested...