By Aaron Nicodemus2023-02-15T22:24:00
The Securities and Exchange Commission (SEC) proposed registered investment advisers (RIA) be required to place nearly any asset, not just cash and securities, with qualified custodians, thereby expanding the scope of client assets.
The proposed changes to the SEC’s custody rule would require hedge funds, pension funds, or other RIAs to place any type of asset under their control with a qualified custodian. This would include federal and state banks, credit unions, broker-dealers, and trusts. While the proposed rule does not specifically single out cryptocurrencies as assets subject to additional oversight, it’s clear from comments crypto products are in the agency’s crosshairs.
Along with the expansion of the custody rule, the proposal would:
2023-09-06T20:36:00Z By Kyle Brasseur
The Securities and Exchange Commission announced penalties against five investment advisers as part of its second targeted sweep regarding violations of its custody rule and Form ADV requirements.
2023-04-12T16:25:00Z By Aaron Nicodemus
SEC Commissioner Hester Peirce warned about “potential pitfalls” with structured data, which regulators and lawmakers have embraced as a way to make data accessible and easy to use.
2023-02-08T21:13:00Z By Aaron Nicodemus
The Securities and Exchange Commission’s 2023 examination priorities report laid out areas under the microscope this year, including compliance with the agency’s Marketing Rule and Regulation Best Interest.
2025-07-17T22:49:00Z By Aaron Nicodemus
The Department of Justice has refocused its white collar crime priorities on prosecuting the worst cases of corporate misconduct while also clearing away unnecessary and burdensome regulation that could “strangle” American business, Deputy Attorney General Todd Blanche said.
2025-07-16T20:13:00Z By Oscar Gonzalez
The U.S. Department of Labor scaled back OSHA penalties for small businesses and limited use of the general duty clause as part of the Trump administration’s deregulation agenda.
2025-07-16T13:21:00Z By Ian Sherr
Two senators introduced a bipartisan bill to create new rules for subscription-based businesses, aiming to increase transparency and fairness after a federal judge blocked the Federal Trade Commission’s “click-to-cancel” rule from nearly two years ago.
Site powered by Webvision Cloud