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Your professionally curated research and reference resource fully integrating treatise and how-to guidance with underlying laws, rules, interpretations, and hundreds of sample documents.

DoL Fiduciary Rule Developments

The DoL Rule is effectively dead. The SEC has proposed Reg. Best Interest. See the News column to see recent updates.

Adviser Regulatory & Compliance News

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Limitations of Compliance Automation

August 17, 2018

A recent SEC settlement with Ameriprise reveals the limitations of automated compliance monitoring systems. Basically, their systems failed to catch fraud by several reps who stole over $1 million from clients.

Fiduciary Stds Developments—August 2018

August 10, 2018

Issues related to the defunct DoL Rule continue to arise. Meanwhile comments are rolling in to the SEC on its proposals. For back-reference see our June 2018 update.

Private Funds Comparison Article

August 6, 2018

The law firm Pepper Hamilton recently published a fine article on the various private fund models. It's interesting in that it highlights new and emerging models as well as the tried and true. Here's the link: https://www.pepperlaw.com/resource/32924/25E0 or just click the headline to this blurb.