In this issue:
- The 113th Congress
- Securities and Exchange Commission
- Association for Corporate Growth (ACG)
- Small Business Investor Alliance (SBIA)
- Private Equity Growth Capital Council (PEGCC)
- Securities Industry and Financial Markets Association (SIFMA)
- Excerpt from Securities and Exchange Commission:
Investor Advocate Calls for Greater Scrutiny of Investor Advisors -
The SEC's Office of Investor Advocate (a new position created under the Dodd-Frank Act) delivered its first annual Report on Objectives to Congress. In the report, the Investor Advocate argued that Congress should give the SEC authority to collect user fees from registered investment advisers to help the agency pay for the costs of examining RIAs. The Report notes "Optimally, we believe that SEC-registered investment advisers should be examined at least every three years on average. OCIE should have the flexibility to examine higher-risk firms more often, and no firm should go longer than five years without a comprehensive examination."
Please see full newsletter below for more information.
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Topics: Dodd-Frank, Investment Adviser, Legislative Agendas, Legislative Committees, PEGCC, Private Equity, SBIA, SEC, SIFMA, Small Business
Published In: General Business Updates, Elections & Politics 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.
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