The SEC’s move to step up enforcement actions against investment advisers is only the tip of the iceberg, according to one former SEC official. “An enforcement wave is coming,” said Jordan Thomas, a partner at Labaton Sucharow LLP and former assistant director at the Securities and Exchange Commission’s asset management unit. “The world is about to change for investment advisers.”
Read more: Recent actions sign of get-tough policy against investment advisers — Investment News
