SEC redesigns adviser website to help investors research brokers

February 3, 2016

The Securities and Exchange Commission is helping investors do their due diligence with improved public disclosure

Feb 2, 2016 @ 10:42 am | By Alessandra Malito | Investment News

The U.S. Securities and Exchange Commission (SEC) logo hangs on a wall at the SEC headquarters in Washington, in this June 24, 2011, file photo.  As the U.S. Securities and Exchange Commission seeks to become a more formidable force in the courtroom, a string of trial defeats in the past six months has exposed a weak spot: witness testimony. In four of the five trials that the securities regulator recently lost, the jury or judge were not convinced by the witnesses brought in by SEC litigators, according to court transcripts, rulings and interviews with defense lawyers. While there were also other factors influencing the verdicts, some legal experts said the issues with witness credibility were significant and reflect the need for SEC litigators to better vet and prepare their witnesses - or drop cases where they aren't strong enough. To match story Insight USA-SEC/COURT     REUTERS/Jonathan Ernst/Files    (UNITED STATES - Tags: CRIME LAW POLITICS BUSINESS LOGO)

The Securities and Exchange Commission is helping investors do their due diligence on advisers with the rollout of a redesigned public disclosure website that features easier background checks via smartphones and other devices.

The most prominent change for the Investment Adviser Public Disclosure search site is more convenient access to the latest Form ADV, as well as a sleeker look and user experience, said Owen Donley, chief counsel of the office of investor education and advocacy. The content has not changed.

“We wanted to make it easier,” Mr. Donley said. “One of our key messages is doing background checks and making sure you’re dealing with a financial professional.”

Full Article Located Here

Go Back
Blue Vault Services
April 11, 2016

Blue Vault's services are without question great resources for the review of the nontraded products offered.

*Alternative Investment Sponsors may be contributing members of Blue Vault, which could create potential conflicts of interest. Blue Vault subscribers and followers should consider this in their review and analysis. Information is intended only for institutional, broker dealer or registered investment adviser use. This information is prohibited for use by the general public.