The Securities and Exchange Commission has filed a complaint alleging that, from at least April 2019 to December 2024, Eric Munson, in his capacity as CEO of Adit Ventures Management, LLC and several affiliated entities, engaged in a years-long scheme that misled
Division of Examinations Shares Observations for Conflicts of Interest
The SEC Division of Examinations issued a Risk Alert on June 9, 2026, providing the Division’s observations regarding advisers’ obligations relating to conflicts of interest disclosures. Specifically, the Division addresses observations relating to conflicts and disclosures related to cash management recommendations and
The SEC Division of Examinations’ Additional Observations Regarding Advisers’ Compliance with the Advisers Act Marketing Rule
The SEC Division of Examinations issued a Risk Alert on December 16, 2025, providing the Division’s observations regarding advisers’ compliance with the Testimonials and Endorsements Provisions and Third-Party Ratings Provisions of the Marketing Rule. Specifically, the Division addresses observations regarding the satisfaction
SEC Order Granting Temporary Exemptive Relief from Compliance with Rule 13f-2 and Form SHO
On December 3, 2025 the SEC issued an Order granting temporary exemptive relief from compliance with Rule 13f-2 and Form SHO. Pursuant to Rule 13f-2 an “institutional investment manager” (which by definition includes investment advisers) is required to file Form SHO with
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