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The SEC has proposed a framework addressing crypto custody, including circumstances involving conditional self-custody.
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Our in-brief roundup of notable stories from the last week.
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The SEC wants to expand the circumstances for an RIA to receive performance-based comp and give investors more ways to become accredited.
SEC3 Compliance is monitoring the SEC’s proposal to rescind Advisers Act Rule 206(4)-5, commonly known as the “pay-to-play” rule. If adopted, the proposal would eliminate the rule’s prescriptive political contribution restrictions and give investment advisers greater flexibility to address pay-to-play risks through their broader compliance programs.
The meeting will be held at 10am ET, open to the public, and offered via webcast on the SEC’s website.
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The number of US initial public offerings increased 16% year over year, while proceeds raised climbed nearly 400%, according to DERA.
Our in-brief roundup of notable stories from the last week.
A standardized annual review that does not account for the adviser’s actual activities, conflicts, and regulatory risks may fail to identify the types of issues highlighted by the SEC.