Compliance Newsflash for August 21st 2019

The Securities and Exchange Commission today provided guidance to assist investment advisers in fulfilling their proxy voting responsibilities. The guidance discusses, among other matters, the ability of investment advisers to establish a variety of different voting arrangements with their clients and matters they should consider when they use the services of a proxy advisory firm.

Errol Labosky Joins DLA as Managing Director of the Firm’s Internal Audit Practice

DLA, LLC, a leading internal audit, compliance and advisory services firm, founded in 2001, announced that Errol Labosky joined the firm on Monday, July 8, 2019, as a Managing Director of Internal Audit, focusing primarily on DLA’s real estate clients. For over 20 years, Errol has had extensive experience in internal audit, specializing in the real estate industry and REIT marketplace.

The pros and cons of interim reporting

The Securities and Exchange Commission (SEC) requires certain public companies to publish quarterly financial statements to give investors insight into midyear performance. Though interim reporting generally isn’t required for private companies, stakeholders in smaller entities can benefit even more than those of public companies from this type of information. But it’s also important to understand the potential shortcomings…

Compliance Newsflash for June 21st, 2019

On June 5, 2019, the SEC adopted two rules and published two interpretations “designed to enhance the quality and transparency of retail investors’ relationships with investment advisers and broker-dealers.” This Alert discusses the Regulation Best Interest adopting release and the SEC interpretive release regarding the “solely incidental” prong of the broker-dealer exclusion from the Advisers Act. Separate Ropes & Gray Alerts discuss the SEC release on the standard of conduct for investment advisers and the SEC adoption of Form CRS.