Latest blog

Why Those Free to Download Annual Compliance Review Checklists Aren’t Good Enough

It’s tempting, I know, to want to search online for a compliance review checklist you can simply download for the required annual review.

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Latest blog

3 Common Mistakes Investment Advisory Firms Make When Maintaining Compliance Programs

Regardless of size,  investment advisers need to be aware of some common, and avoidable, mistakes that are often made when maintaining  compliance programs.

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Top 4 Tips for Getting the Most Out of IA Compliance: The Full 360 Degree View West

October 16, 2017

The first CCLS/ IA Watch Conference is taking place this November 2nd, just a few short weeks away.

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DOL Seeking Delay of its Fiduciary Rule until July 2019

August 09, 2017

The Department of Labor (“DOL”) has submitted a proposal to the Office of Management and Budget (“OMB”) for a delay on implementing the remaining requirements of their fiduciary rule (“DOL Rule”) until July 1, 2019, which is currently scheduled to go into effect on January 1, 2018.    The delay...

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Nevada Creates Own Fiduciary Rule

July 19, 2017

Recently, Nevada Governor Brian Sandoval signed into law Senate Bill 383 that revised current regulations for financial planners. The changes expand the definition of financial planner in NRS 628A.010 to now include broker-dealers and investment advisers in Nevada, which in turn requires such...

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SEC Seeks Public Comment on Standards of Conduct for Investment Advisers and Broker-Dealers

June 16, 2017

In a recent public statement, Securities and Exchange Commission (“SEC”) Chairman Jay Clayton announced that the SEC is moving forward with its review of the standards of conduct mandates for investment advisers and broker-dealers and he welcomes the Department of Labor (“DOL”) Secretary...

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Time’s Up: The Fiduciary Rule Delay Comes to an End

May 24, 2017

Originally intended to go into effect on April 10, 2017, the DOL’s Conflicts of Interest final rule (referred to in the industry as the “Fiduciary Rule”) was delayed for 60 days while the department analyzed issues raised in President Trump’s February 3, 2017, memorandum. Despite the...

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SEC Issues Risk Alert on Cybersecurity in Light of “WannaCry” Ransomware Attack

May 18, 2017

On May 17, 2017, the SEC’s Office of Compliance Inspections and Examinations (“OCIE”) released a Risk Alert discussing the recent ransomware cyberattack and providing two important protection steps firms should take.  In addition, the Risk Alert outlined that OCIE had observed certain “security...

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High Profiled Risks Associated With Investment Advisory Firms

May 15, 2017

The SEC’s Office of Compliance Inspections and Examinations (“OCIE”) has been issuing written Risk Alerts since 2011 that outline areas the SEC believes carry high risks for broker-dealers and investment advisers.  The areas covered in these alerts have included:

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“SEC Expectations for Managing Retirement Accounts” Webinar Q&A

May 01, 2017

In April, Craig Watanabe, Sr. Compliance Consultant at Core Compliance & Legal Services, Inc. (“CCLS”), hosted an informative webinar, “SEC Expectations for Managing Retirement Accounts.” During the presentation, he discussed important considerations for the now delayed DOL Conflicts of Interest...

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