Adviser Compliance for 2013, Part IV: Review Your Code of Ethics


Advisers must be sure that their annual compliance review includes the firm’s code of ethics. Under the Adviser’s Act, all SEC registered advisers are required to adopt and enforce a written code of ethics, which is applicable to all of the adviser’s supervised persons.

The rule specifically requires an adviser’s code of ethics to set forth standards of ethical conduct and require compliance with federal securities laws.  It must be reviewed annually to assess the effectiveness of its implementation.

When reviewing your firm’s code of ethics, it is important to verify that as a minimum it contains the following:

LOADING PDF: If there are any problems, click here to download the file.

Published In: Business Organization Updates, Finance & Banking Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Eckerle Law | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »