{"id":1736,"date":"2015-10-31T19:51:55","date_gmt":"2015-10-31T19:51:55","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2015\/10\/sec_probes_advisers_with_acces_1"},"modified":"2015-10-31T19:51:55","modified_gmt":"2015-10-31T19:51:55","slug":"sec-probes-advisers-with-acces-1","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-probes-advisers-with-acces-1\/","title":{"rendered":"SEC Probes Advisers With Access to Client Retirement Accounts, Approves Crowdfunding Rules Connecting Investors with Small Businesses"},"content":{"rendered":"

\t\t\t\tAccording to InvestmentNews<\/em>, the Securities and Exchange Commission is looking at instances in which advisers have access to their clients’ financial accounts that they don’t manage. The SEC wants to make sure that these advisors are unable to take distributions from these accounts if they don’t have custody over them.<\/p>\n

The SEC has been taking a closer look at custody since the Bernard Madoff Ponzi scam <\/a>that bilked investors billions of dollars. Madoff was in control of most of his clients’ money. <\/p>\n

In 2013, the regulator, seeking to stave off the next big investor scheme, noted that red flags were raised for 140 firms that were examined in 2012 because of they way they had access to or held the assets of clients. “Significant deficiencies” were found.
\n Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

According to InvestmentNews, the Securities and Exchange Commission is looking at instances in which advisers have access to their clients’ financial accounts that they don’t manage. The SEC wants to make sure that these advisors are unable to take distributions from these accounts if they don’t have custody over them. The SEC has been taking […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3781,3801],"tags":[3557,3554],"class_list":["post-1736","post","type-post","status-publish","format-standard","hentry","category-investment-advisers","category-sec","tag-crowdfunding","tag-retirement-accounts"],"yoast_head":"\nSEC Probes Advisers With Access to Client Retirement Accounts, Approves Crowdfunding Rules Connecting Investors with Small Businesses — Investor Lawyers Blog — October 31, 2015<\/title>\n<meta name=\"description\" content=\"According to InvestmentNews, the Securities and Exchange Commission is looking at instances in which advisers have access to their clients' financial — October 31, 2015\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/sec-probes-advisers-with-acces-1\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"SEC Probes Advisers With Access to Client Retirement Accounts, Approves Crowdfunding Rules Connecting Investors with Small Businesses — Investor Lawyers Blog — October 31, 2015\" \/>\n<meta name=\"twitter:description\" content=\"According to InvestmentNews, the Securities and Exchange Commission is looking at instances in which advisers have access to their clients' financial — October 31, 2015\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards & Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SEC Probes Advisers With Access to Client 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