Performance Advertising and Fees disclosures: Best practices for SEC and GIPS compliance

The advertisement of investment performance is a critical risk area for private investment fund managers in terms of regulatory compliance and for capital raising. Several recent SEC enforcement cases have highlighted the importance of adequately disclosing fee practices and other conflicts of interest to fund investors in advertisements and investor reports, and of adequately reporting performance, particularly when model and backtested performance is used. In this webinar, we’ll review recent SEC activity and provide suggestions on sound practices in the area of performance advertising to support SEC compliance. We will also discuss how guidance in the Global Investment Performance Standards (GIPS) of the CFA Institute can help address common challenges in measuring and reporting performance within an SEC regulatory framework.

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CSS frequently publishes blog posts which are written by our team from their observations in the field, at conferences and through experiences with compliance professionals. These posts are designed to further knowledge and share industry best practices. Topics run the gamut, including Form ADV, cybersecurity, MiFID II, position limit monitoring, technology challenges and more. Complete and submit the brief form below to receive notifications when we publish new content.

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