Articles for Investment Advisers

The $230 billion donor-advised fund industry gets an IRS hearing
7 months, 2 weeks ago

The $230 billion donor-advised fund industry gets an IRS hearing

Associated Press  

WASHINGTON — Congress and the Biden administration are considering what, if anything, should be done to tighten restrictions on donor-advised funds, an increasingly popular way for donors to set aside money to spend on charitable causes. DAF supporters urged the IRS to revise its plan, with some arguing that the proposed restrictions would make donor-advised funds less attractive when charitable …

Community Fund Billion Funds Donors Irs Include
Treasury proposes new anti-money laundering regulations for investment advisers
10 months, 1 week ago

Treasury proposes new anti-money laundering regulations for investment advisers

Associated Press  

WASHINGTON — The Biden administration is rolling out new recordkeeping rules for U.S. investment advisers in its continued effort to clamp down on money laundering, illicit finance and fraud in the American financial system. The Treasury Department’s Financial Crimes Enforcement Network — known as FinCEN — proposed a regulation on Tuesday that would require investment advisers to develop anti-money laundering …

Money Laundering Rule Fincen Investment Advisers Treasury Proposes
Sebi’s finfluencer rules to hurt foreign brokers
1 year, 2 months ago

Sebi’s finfluencer rules to hurt foreign brokers

Live Mint  

The Securities and Exchange Board of India’s bid to tighten regulations on financial influencers, or finfluencers, could have unintended consequences on overseas banks and brokers providing services to foreign portfolio investors, two people familiar with the matter said. However, many foreign banks and brokers offer bundled services, comprising broking, custodian and research services, making it difficult to ascertain the value …

India Research Services Payment Sebi Banks Investment Advisers
SEC collects Wall Street's private messages as WhatsApp probe escalates
1 year, 2 months ago

SEC collects Wall Street's private messages as WhatsApp probe escalates

The Hindu  

The U.S. securities regulator has collected thousands of staff messages from more than a dozen major investment companies, escalating its probe into Wall Street's use of private messaging apps, said four people with direct knowledge of the matter. While Reuters and other media have reported that the SEC's "off-channel" communication probe has expanded to investment advisers its move to review …

Investment Messages Sec Probe Wall Firms Wall Street
Indore case exemplifies how RIA licence can be misused
1 year, 4 months ago

Indore case exemplifies how RIA licence can be misused

Live Mint  

Investors are a gullible lot. Here’s what Vicky Kamariya, who ran Money Market Manthan, put on the firm’s website, as per an extract from the Sebi order. Super high fees Money Market Manthan went to great lengths to simultaneously follow, and disregard, Sebi rules, so it does not come as a surprise that the firm was also overcharging its clients. …

Market Services Money Investment Risk High Sebi
US Securities Officials Investigating Crypto Custody Investment Advisers: Here's Why
1 year, 10 months ago

US Securities Officials Investigating Crypto Custody Investment Advisers: Here's Why

ABP News  

The US Securities and Exchange Commission has started investigating investment advisers who are registered. The probe is underway to find out if the crypto asset investment advisers follow all the required rules and regulations or not. Investment advisers use a third-party setup to store the digital assets of their clients. The law mandates that investment advisers can not keep the …

Investment Crypto Assets Custody Sec Read Ftx
Bombay HC upholds Sebi’s power to regulate fees of investment advisers
3 years, 5 months ago

Bombay HC upholds Sebi’s power to regulate fees of investment advisers

Live Mint  

The Bombay High Court has upheld the Securities and Exchange Board of India's power to regulate fees charged by investment advisers. Observing that the regulator has the power to cap investment advisers' fees, the court said the Act which governs Sebi gives it sweeping powers to make regulations as long as they are consistent with the Sebi Act and necessary …

Regulation Investment Power Fees Sebi Act Advisers