CCLS Blog Spotlight
CCLS Blog Spotlight
What We Can Learn From the Recent $26 Million Settlement from LPL Financial LLC
The importance of having proper policies, procedures and controls in place to ensure your firm is in compliance before regulators come knocking cannot be overstated — and every few months it seems, an example finds its way into the news to underscore just why compliance is something that should... Read More
[UPDATE] On June 21st, 2018: The U.S. Court of Appeals for the Fifth Circuit issued a mandate today that vacated the DOL Fiduciary Rule.
With over 20% of the U.S. population projected to be over the age of 65 by 2030 (compared to 13% in 2010), protection of aging investors continues to be a...
Read MoreFor many firms, the idea of hiring an outsourced compliance consultant or paying for outsourced compliance services doesn’t always seem palatable. After all, the cost of hiring outside contractors certainly isn’t low, and for many firms, especially when starting out, there is pressure to avoid...
Read MoreThe SEC has released its 2018 examination priorities, and the focus on, and protection of, aging clients, and considerations related to such clients (as a subset of retail investors generally), is a continuing theme.
Read More“An ounce of prevention is worth a pound of cure,” and nowhere is that more applicable than in the world of finance.
Read MoreThe Core Compliance℠ team recently returned from the IAA National Conference, which took place in Washington, DC, on March 15 & 16.
Read MoreAnnual vs Other Than Annual Form ADV Amendments
March 14, 2018
With the recent updates to the requirements for Form ADV, many firms are wrapping up the preparation for their Form ADV Annual Amendment filing.
Read MoreOn the Form ADV, there are two sections where a firm must declare whether or not they have custody, and if so, how much custody the firm has. Specifically, this is a part of Item 9 of Form ADV Part 1 – the amount of assets and the number of clients for which they’re deemed to have custody.
Read MoreWhile it’s still early in the year, it’s easy to continue to push the Form ADV annual amendment to the side. However, with these new changes, a firm that doesn’t prepare now is setting itself up for potential penalties or worse down the road.
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