SEC3 is monitoring the SEC’s recent inflation adjustment to the “qualified client” thresholds under Advisers Act Rule 205-3, which affects advisers that charge performance-based fees.
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US State Regulation
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NASAA revises model advertising rules for state-registered investment advisers
Amendments show convergence between state and federal approaches, while preserving state-level oversight intended to mitigate retail investor harm.
Two cases demonstrate a focus on clear antifraud violations supported by strong data trails and involving conduct with direct investor harm.
This article provides a brief historical background of the Names Rule and a summary of the current obligations of registered funds.
After reviewing a recent case, Janaya Moscony offers lessons learned and explains why this matters for advisers.
Tokenized securities are still securities, and the compliance expectations for RIAs are evolving rapidly.
The March 1 and April 1, 2026, deadlines mark the beginning of a recurring compliance program and not a one-off fill.
Lessons from the SEC’s first Marketing Rule case.