The SEC adopted changes to the Form ADV in an effort to modernize and enhance the disclosure requirements. These changes will go into effect October 1, 2017. The SEC anticipates that the amended form will fill data gaps and improve risk monitoring initiatives. In addition to the detailed reporting requirements with respect to separately managed accounts (those advisory accounts that are not pooled investment vehicles) and umbrella registration, several notable amendments include:
Maynard Cooper shareholders Stephen Davis and David Block joined Maynard's Andy Watson and Jon Levin in hosting a webinar on June 29th. During the 60 minute program, they provided listeners with an in-depth discussion of common pitfalls related to the Fair Labor Standards Act, updates to the Federal Immigration Law as well as other updates in the labor and employment industry.
The General Data Protection Regulation (“GDPR”) is a sweeping piece of legislation that expands and largely unifies patchwork privacy regulations across the European Union. Its purpose is to offer comprehensive protections for the individual privacy rights of individuals in the European Union, but the requirements will affect organizations worldwide.