SEC charges five investment advisers for custody rule violations

The SEC charges five investment adviser firms for failing to meet requirements related to the safekeeping of client assets.

The US SEC said on Tuesday that it has charged five investment adviser firms for failing to meet requirements related to the safekeeping of client assets.

Three of the firms were also charged with failing to update SEC disclosures regarding audits of their private fund clients’ financial statements in a

Free Trial

Register for free to keep reading.

To continue reading this article and unlock full access to GRIP, register now. You’ll enjoy free access to all content until our subscription service launches in early 2026.

  • Unlimited access to industry insights
  • Stay on top of key rules and regulatory changes with our Rules Navigator
  • Ad-free experience with no distractions
  • Regular podcasts from trusted external experts
  • Fresh compliance and regulatory content every day
Register for free Already a member? Sign in