Karen Kerby’s recent Financial Advisor article “New Private Funds: What RIAs Need To Know” is a must-read for RIAs looking to get up to speed with the latest developments in the industry.
The article discusses new rules proposed by the Securities and Exchange Commission (SEC) that would increase reporting requirements for private funds managed by registered investment advisors (RIAs). The proposed rules aim to improve transparency and oversight of the private fund industry.
Key Points include:
• Seven new rules cover quarterly statements, audits, advisor transactions, and restricted
activities – increasing transparency.
• It aligns with the current Custody Rule on audits but may increase costs for some advisors.
• The proposed “Safeguarding Rule” would further expand protections for client assets.
Seek expert guidance to navigate changes and protect investor interests. Read the complete article here.
