Investment Management & Securities

Proposed AML Suspicious Activity Rule

By The Securities Compliance Team on February 16th, 2024

Posted in Investment Management & Securities

On February 13, 2024, the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) proposed a rule to combat criminals and foreign adversaries from exploiting the U.S. financial system through investment advisers (the “FinCEN Rule”). The FinCEN Rule will add system transparency and help law enforcement identify risks from anonymous… Continue reading

Bitcoin for Investment Advisers – Integrating Bitcoin into Client Portfolios

By The Securities Compliance Team on January 11th, 2024

Posted in Investment Management & Securities

The SEC approved eleven spot Bitcoin ETFs on January 10, 2024. As a result, investment advisers may be curious about whether or how to integrate Bitcoin ETFs into client portfolios. This blog is intended to provide an update on the regulatory landscape and inform advisers how to fulfill their compliance… Continue reading

What is Form N-PX? Who Must File it and When?

By The Securities Compliance Team on August 3rd, 2023

Posted in Investment Management & Securities

Effective July 1, 2024, New rule 14Ad-1 requires institutional investment managers that are 13F filers to report say-on-pay votes (see below) on Form N-PX when voting on the approval of executive compensation, including, but not limited to, “golden parachute” compensation in connection with a merger or acquisition, among other matters. IF you are a 13F… Continue reading

Proposed FTC Rule Limiting Non-Compete Clauses

By Scott I. Unger & The Securities Compliance Team on February 7th, 2023

Posted in Employment Law, Investment Management & Securities

The Federal Trade Commission (“FTC”) is proposing a set of rules which, if passed and deemed constitutional would severely limit the use of non-compete clauses between employers and their employees. The proposed rule would, among other things, provide that it is an unfair method of competition for an employer to… Continue reading

The Initial DOL Retrospective Review Approaches

By The Securities Compliance Team on January 12th, 2023

Posted in Investment Management & Securities

The Department of Labor (“DOL”) rule requirement continues with the fast-approaching filing date for an investment adviser’s initial Retrospective Review. While we anticipate assisting many investment advisers with their completion of this new requirement, it is important to understand its purpose and components. For this reason, I asked our colleague,… Continue reading

CFP Board Issues Notice Applying Code and Standards to Cryptocurrency-Related Assets

By The Securities Compliance Team on December 14th, 2022

Posted in Investment Management & Securities

The Code and Standards Apply to Financial Advice About Cryptocurrency-Related Assets On December 5, 2022, the CFP Board issued a notice to CFP professionals in response to questions raised regarding cryptocurrency-related assets. Cryptocurrency-related assets, including cryptocurrency, cryptocurrency exchange traded funds, cryptocurrency derivatives, and interests in business entities that provide services… Continue reading

Use of Testimonials Under the New SEC Marketing Rule for Investment Advisors

By The Securities Compliance Team on December 1st, 2022

Posted in Investment Management & Securities

The SEC’s new Marketing Rule compliance date was November 4, 2022. As part of the Marketing Rule, the SEC expanded advisers’ ability to use client testimonials in marketing materials. With these new marketing powers come certain responsibilities pertaining to obtaining testimonials and disclosures which must be made alongside the testimonials…. Continue reading

Electronic Signatures in Securities Transactions

By The Securities Compliance Team on August 26th, 2022

Posted in Business & Commercial Law, Investment Management & Securities

As we continue to assist Advisors during examinations conducted by the United States Securities and Exchange Commission (the “SEC”), we have noticed questions related to the Advisors’ use of electronic signatures. Earlier this week, we provided guidelines for Advisors using electronic signatures in securities transactions. The legality of electronic signatures… Continue reading

To Sign or Docu-Sign, That is the Question

By The Securities Compliance Team on August 24th, 2022

Posted in Business & Commercial Law, Investment Management & Securities

On November 17, 2020, the U.S. Securities and Exchange Commission (the “SEC”) adopted amendments to Rule 302(b) of Regulation S-T that permits individuals to sign the signature page or other document (“Authentication Document”) with an electronic signature. The amendment allows flexibility in complying with the Authentication Document requirements by providing… Continue reading

Multiple locations to better serve your needs—

Hamilton, NJ

100 American Metro Boulevard
Hamilton, NJ 08619
Phone: 609.896.9060
Secondary phone: 800.535.3425
Fax: 609.896.0629
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Marlton, NJ

40 Lake Center, 401 NJ-73, Suite 130
Marlton, NJ 08053
Phone: 856.874.4443
Secondary phone: 888.241.7424
Fax: 856.874.0133
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Yardley, PA

777 Township Line Road, Suite 120
Yardley, PA 19067
Phone: 267.907.9600
Fax: 267.907.9659
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New York, NY

5 Pennsylvania Plaza 23rd Floor
New York, NY 10001
Phone: 800.535.3425
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Philadelphia, PA

The Bellevue 200 S Broad St #600
Philadelphia, PA 19102
Phone: 267.907.9600
Secondary phone: 800.535.3425
Fax: 215.564.6245
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Bridgeton, NJ

78 W Broad St
Bridgeton, NJ 08302
Phone: 856.874.4443
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