The SEC’s 2025 FAQ Update on the Marketing Rule: What Performance Data You Can Use (and How)

On March 19, 2025, the SEC dropped an update that compliance officers have been waiting for since the Marketing Rule’s enforcement wave began. The new FAQs target the thorniest part of the rule: performance data. It’s not a sweeping rewrite. It’s a set of high-stakes clarifications—delivered with language that should make any adviser’s legal team […]

How to Maintain Oversight Without Falling into Compliance Traps

Introduction: Opening Moves: Setting the Compliance Board   In 2024, the SEC charged 26 financial institutions, including major broker-dealers and investment advisers, with widespread recordkeeping failures, resulting in combined penalties exceeding $390 million. It started as minor inconsistencies but quickly snowballed into a full-scale compliance failure, resulting in painful financial and reputational damages.​  This story […]

Understanding the Books and Records Rule for RIAs: Compliance, Challenges & Solutions

Records Rule the World: Why Compliance Starts (and Ends) With Documentation   As pretentious as it might sound, history is written by those who keep the records. Contracts carved into Mesopotamian clay tablets laid the groundwork for commerce. The Medici bankers revolutionized accounting with double-entry bookkeeping. Today, regulatory frameworks like SEC Rule 204-2, MiFID II […]