Confused about how to report performance, testimonials in ads? SEC offers answers in FAQ update.

The Securities and Exchange Commission is seeking to clarify how advisors should calculate fees to determine net performance and when a person with a disciplinary record is eligible to offer ...
Financial Advisor

SEC Zeroes On RIA Paid Testimonials And Performance Fees As Exams Intensify

The first new FAQ revisits a sensitive area for marketing teams: endorsements from individuals with disciplinary histories. The marketing rule generally prohibits advisors from compensating anyone who ...
Financial Advisor

SEC Warns RIAs That Faulty Fee Calculations Could Be Fraud

After completing an examination of 130 registered investment advisors, the SEC issued a warning in mid-November that advisors may be violating their fiduciary duties and securities laws because of ...
Money Management

For what types of funds are performance fees warranted?

Research Review is compiled by PortfolioConstruction Forum in association with Money Management, to help practitioners assess the robustness and disclosure of each fund research house compared with ...