U.S. Regulatory Update – April 2023 Edition

Congratulations to all advisers with a December 31 fiscal year end – you have emerged from another annual Form ADV “season”!

This edition of our Regulatory Update includes tips to carry out a stellar annual compliance program review, practical thought leadership to help you digest the SEC’s latest risk alert for new advisers, updates on the recent banking sector volatility, a reminder about Form BE-12 filing obligations, and insight regarding the NFA’s latest rule proposal aimed at firms engaging in digital asset investing activities. Download to read our unique insights and practical thought leadership as well as a checklist of important dates for the months of April and May.

This edition, includes articles such as: 

• News for All Firms 
  • Banks Fall Under Greater Scrutiny After FDIC Takeovers 
  • Just When You Thought Your Filing Obligations Were Done – BE-12 Form Filing Requirement 
  • Three Key Updates on SEC Cybersecurity Regulations 
  • FINRA 2023 Entitlement User Account Certification Period Announced
• News for Investment Advisers 
  • SEC Schools Newly Registered Advisers on Exam Missteps 
  • Write the Best Annual Compliance Review Ever! 
• News for CPOs/CTAs 
  • Proposed NFA Compliance Rule 2-51: Requirements for Members and Associates Engaged in Activities Involving Digital Asset Commodities 
•  Lessons Learned 
  • Everybody Else is Doing It! 
  • SEC Fines Adviser and Principal Owner $3 Million for Alleged Fraud and Misuse of Cannabis Investment Fund Assets 
  • Auditors Talked the Talk but Failed to Walk the Walk in Valuation Testing 

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How we help 

The compliance environment has never been more complex or demanding. We can help you to navigate the evolving regulatory landscape while considering the complexity of your firm’s unique compliance requirements.   

ACA Signature is a scalable solution curated to suit your firm’s unique compliance needs. With ACA Signature, you can choose the combination of compliance advisory services,  innovative technology and managed services that is right for your firm. ACA Signature puts you in complete control of your compliance program.  

To learn more about ACA Signature, contact us below.