The SEC Announces New Form ADV Requirements for Advisers

Posted on September 1st, 2017 at 7:02 PM
The SEC Announces New Form ADV Requirements for Advisers

From the Desk of Jim Eccleston at Eccleston Law LLC:

Last year, the SEC adopted rules to amend the disclosure sections of the Form ADV which will require advisers to report additional information. One major amendment will require advisers to disclose all the social media accounts they use for “business purposes.” Moreover, the new social media account rule covers corporate social media accounts as well individual business-related profiles on LinkedIn, Twitter, Facebook and other social networks. However, social media accounts used only for “private content” and “personal use” will not be required to be disclosed.  

Furthermore, the amendment will also necessitate advisers to disclose if they outsource chief compliance office function; disclose additional details on how the firm’s assets under management (AUM) breaks down by types of client; and provide more detail around separately managed accounts and wrap fee programs that the RIA manages.

According to the SEC, the new disclosures will be required to be reported during this year’s October 1st filing period.

The attorneys of Eccleston Law LLC represent investors and advisors nationwide in securities and employment matters. The securities lawyers at Eccleston Law also practice a variety of other areas of practice for financial advisors including Broker Litigation & ArbitrationStrategic Consulting ServicesRegulatory  MattersTransition Contract Review, and much more. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today.


Related Attorneys: James J. Eccleston

Tags: Eccleston, Eccleston Law, James Eccleston, Eccleston Law LLC

Return to Archive



We just wanted to say thanks for your work in helping us get back some of the money we lost. We are not by any means rich, but we have saved some money and we have done so through a tight-fisted approach to most everything we do. So losing a significant chunk of money hurt…especially at a time when everyone else was growing their accounts. We really appreciate the work you did.

Allan and Adele


May 17, 2024
Fidelity Advisor Files Lawsuit Alleging Wrongful Termination Over Whistleblowing

A former Fidelity Investments advisor, Michael Maeker, has initiated legal action against his former firm, alleging wrongful termination in response to his reporting of anti-investor sales tactics.

May 16, 2024
CFTC Investigates Banks for Potential Whistleblower Suppression

The Commodity Futures Trading Commission (CFTC) has initiated inquiries into several banks, including JPMorgan Chase, Bank of America, and Citigroup, regarding potentially hindering whistleblowers from disclosing information, as reported by Bloomberg News.


May 15, 2024
NFA Issues Order Against Investments LLC

The National Futures Association's (NFA) Business Conduct Committee (BCC) has taken action against Investments LLC, a former NFA Member commodity pool operator and forex firm, for violating multiple NFA compliance rules.