The SEC wants to know more about you — and about how you run your advisory firm. That means increasing scrutiny of how the firm makes its money, uses social media and how it stays compliant with changing regulations and audits its figures.
To that end, the commission's always evolving Form ADV — a rich repository of information about RIAs for regulators, law enforcement bodies, researchers and the public — underwent its most recent revamp in August.
Please scroll through the 10 most significant changes as identified by the compliance outsourcing firm Cipperman Compliance Services. Firms with a Dec. 31 fiscal year have until next year to implement the changes. However, many firms have already begun the process in preparation for the annual update.