Newly Registered Advisers — Cooperate Or Face Sanctions

Law360, New York (January 9, 2013, 11:00 AM EST) -- Two recent U.S. Securities and Exchange Commission enforcement cases against registered investment advisers (RIAs) underscore the need for newly registered advisers to be prepared for the time, soon to come, when the SEC arrives for an onsite examination and inspection.

On Nov. 20, 2012, the SEC instituted two enforcement actions, In the Matter of EM Capital Management LLC et al. (Admin. Proc. No. 3-15101) and In the Matter of Barthelemy Group LLC, et al. (Admin. Proc. No. 3-15102), charging two investment advisory firms and their principals...
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