ComplianceAlert

SEC Updates the Marketing Rule FAQ

Last month the SEC’s Division of Investment Management updated the Marketing Compliance Frequently Asked Questions (FAQ) on its website. The latest information focused on the use of model fees in composites and the use of promoters with disciplinary histories. The new FAQs are discussed below, in summary. FAQ on Model Fees Many advisers seem to be questioning how to show the use of model fees in marketing materials. The adopting release to the Marketing Rule…

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Softening of regulation still puts compliance on notice (FundFire)

While the SEC’s stance of reducing regulation and rulemaking may give the impression that there is less for compliance to do, the opposite is more the case. Hedge funds and other private funds seem to be reaping the benefits of rescinded rules and delayed compliance dates. However, even rule changes that are considered positive for the industry will require reshaping and adjustments to compliance functions, states Amy Lynch, FrontLine’s Founder and President. In the lead…

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