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The accords align with SEC audits of at least eight Swiss firms, such as the Vontobel Group, functioning via legal entities in the U.S. The regulator performed on-site evaluations in Switzerland during the previous year. The SEC stated it does not provide comments on whether or not the inspections occurred.
Concurrently, the SEC removed a moratorium that had been imposed since 2020 on sanctioning new Swiss investment advisers to engage with clients in the U.S. The pause was caused by challenges in acquiring data and performing due diligence.
The desire for Swiss assets among Americans has increased due to uncertainties during President Donald Trump's administration, leading local businesses to seek methods to penetrate the U.S. market, such as acquiring companies already registered with the SEC.
source: ft.com
Concurrently, the SEC removed a moratorium that had been imposed since 2020 on sanctioning new Swiss investment advisers to engage with clients in the U.S. The pause was caused by challenges in acquiring data and performing due diligence.
The desire for Swiss assets among Americans has increased due to uncertainties during President Donald Trump's administration, leading local businesses to seek methods to penetrate the U.S. market, such as acquiring companies already registered with the SEC.
source: ft.com
