February 2021 Archives

February 13, 2021

Amy Easterly
Compliance Alert

New York Regulatory Update

The New York State Department of Law (the “Department”) recently adopted new regulations that went into effect on February 1, 2021. These new regulations govern the registration and examination requirements for investment adviser representatives domiciled in New York, or doing business with New York clients. Previously, New York did not require registration of state and […]

February 12, 2021

Amy Easterly
Compliance Alert

What Can RIAs Learn About the SEC’s Ponzi Scheme Charges?

On February 4, 2021, the SEC charged three individuals and their affiliated entities with running an alleged Ponzi scheme that raised over $1.7 billion from securities issued by an asset management firm and Registered Investment Adviser (RIA). Approximately 4,000 of the 17,000 retail investors defrauded were seniors. According to the SEC’s complaint, the defendants told […]