Tag Archives: due diligence

Be Aware When Wiring Funds for a Client’s Escrow

It has come to my attention that wiring funds to close an escrow for a client could end up with funds going to a hacker. My understanding is that most escrow companies will give the wiring instructions to the client … Continue reading

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Wire transfers – things to consider

Some things to consider when you receive a request for a wire transfer or check  from a client: Confirm the request with the client via phone BEFORE you send them anything to sign. If a hacker is controlling their email, … Continue reading

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Firm Censured for Failing to Disclose Investment in Service Provider

from Cipperman Compliance  The SEC fined and censured a private equity fund manager for failing to disclose that the principals had personally invested in an IT firm that it had engaged. The respondent utilized the IT firm to perform due … Continue reading

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SEC Reviewing Multi-Branch Adviser Compliance

SEC Reviewing Multi-Branch Adviser Compliance from Cipperman Compliance Services The staff of the SEC’s Office of Compliance Inspections and Examinations issued a Risk Alert announcing its “Multi-Branch Adviser Initiative.” The Alert expresses concern about the “unique risks and challenges” for … Continue reading

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Advertising Another Firm’s Performance

“When an investment adviser echoes another firm’s performance claims in its own advertisements, it must verify the information first rather than merely accept it as fact.”     – Andrew J. Ceresney, Director, SEC Enforcement Division. Keep this in mind … Continue reading

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Due Diligence on Alternative Investments

At a recent NAPFA conference there was an interesting vendor in the exhibit hall –   Mick/Law P.C. is a specialty firm providing due diligence and a broad range of legal service to its valued clients focusing on representation of … Continue reading

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Is Sending a Fax Secure?

If you use a hardwired fax machine – those communications are deemed to be secure. However, if you use an electronic fax service, those faxes may or may not be secure. If the fax is sent via email to your … Continue reading

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