Rothstein Kass Publishes “The New Regulatory Landscape and What Investment Advisers Need to Know”

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Comprehensive guide helps alternative investment advisers deal with growing regulatory complexity.

Rothstein Kass (, a leading professional services provider to the financial services industry, today announced the release of a special edition of its financial services newsletter, Wall Street Argus, titled “The New Regulatory Landscape and What Investment Advisers Need to Know.” The educational piece explores key compliance initiatives and focus areas that will be of particular concern to alternative investment fund managers in 2014. It helps investment advisers face the host of regulatory challenges by guiding them through what to review in their current policies and procedures, and how they can design systems that comply with the applicable regulatory requirements and guidelines.

“When Dodd-Frank was enacted in 2010, we knew that it would have a significant impact on the U.S. financial services industry, especially the alternative investment sector,” said Brandon Caroprese, Manager, Rothstein Kass. “Now in 2014, it’s clear that investment advisers will be impacted by the heightened regulation and oversight.

“It’s more important than ever for advisers to understand the SEC’s examination priorities, particularly as they begin conducting annual reviews of compliance policies and procedures,” he continued. “With all of the complex requirements and guidelines that will impact alternative investment fund managers, it’s imperative that they know how they will be affected and what they need to do to ensure they comply.”

This edition of the firm’s newsletter identifies the examination priorities issued by the U.S. Securities and Exchange Commission (SEC) and provides the investment adviser community with transparency into what it views as the most important compliance issues.

The priorities include areas of heightened risk presented by dual registrants, technology and the new landscape for marketing and reporting. The newsletter also explores details of some key compliance priorities, including the safety of assets and custody, conflicts of interest, marketing of performance, and presence exams.

In addition, the paper reveals implications for registered investment advisers (RIAs) in designing and implementing compliance policies and procedures required by the “Compliance Rule,” as well as examines the due diligence processes of investment advisers that manage or recommend alternative investments to their clients. It also addresses the impact of the Treasury International Capital (TIC) reporting system on alternative investment fund managers and explains the regulatory requirements of the Foreign Account Tax Compliance Act (FATCA) that advisers need to be aware of.

“Our aim to is make sure investment advisers have all of the information they need to understand the applicable regulatory requirements,” said Caroprese. “We want to make it as straightforward as possible for them to comply with the considerable compliance burden so they can stay focused on what they do best in serving their clients.”

A copy of the newsletter is available here.

About Rothstein Kass:
Founded in 1959, Rothstein Kass is a premier professional services firm serving privately-held and publicly-traded companies, as well as high-net-worth individuals and families. With more than 1,000 professionals, the firm provides accounting, advisory, auditing and tax services, as well as a full array of integrated services such as litigation and forensic consulting and concierge and tax accounting to clients across industry spectrums and in all stages of development. Rothstein Kass is widely recognized as a leader in the financial services space, consistently ranking among the top CPA firms serving the Hedge Fund, Private Equity, Venture Capital, Broker Dealer and Family Office segments.

At the core of Rothstein Kass’ remarkable success is a commitment to hiring, developing and retaining employees with the same entrepreneurial spirit that permeates the sophisticated business and financial services communities the firm serves.

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Kathleen O’Toole
Rothstein Kass
+1 (973) 577-2744
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