Core Compliance Blog Spotlight
Core Compliance Blog Spotlight
State Regulators Want Advisers to Escalate Their Efforts to Protect Elderly Clients
Protecting senior investors from financial exploitation has long been a primary focus of state regulators who say most state advisers still lack adequate procedures to do so. Read MoreThe SEC Waves a Cautionary Yellow Flag for Investment Advisers Associated with Wrap Fee Programs
September 15, 2021
The continued growth of investor assets participating in wrap fee programs has prompted regulators to maintain a sharp focus on the programs as part of an ongoing assessment of market-wide risks and matters of importance to retail investors saving for retirement.
Read MoreSEC Enforcement Actions Send a Stark Message: The Transition Period for Form CRS Has Ended
September 13, 2021
If firms needed a resounding wake-up call regarding the importance of delivering newly required client relationship summaries (Form CRS) to retail investors in a timely manner, the U.S. Securities and Exchange Commission (SEC) has provided one.
Read MoreThe SEC’s $97 Million Fine of a TIAA Subsidiary Offers Valuable Reminders About Rollover Accounts
August 19, 2021
Failure to disclose conflicts of interest. Making misleading statements. Creating positive incentives and negative pressures for its sales force. Failure to adopt and implement written policies and procedures.
Read MoreA growing interest in funds focused on Environmental, Social, and Governance (ESG) assets has prompted the U.S. Securities and Exchange Commission (SEC) to see that investors are better informed regarding ESG-related risks. There just happens to be a difference in opinion among SEC commissioners...
Read MoreA COVID Vaccination Isn’t the Only Way to Help Seniors and Provide Immunity for Employees
July 13, 2021
If Willie Sutton were alive today, he might be targeting seniors instead of robbing banks.
Why? Because that’s where the money is.
An ongoing and rapid increase in the size of the nation’s 65-and-over population and the disproportionate wealth among older generations have combined to create a...
Read MoreSEC Chair Gensler Foreshadows an Iron-Fisted Approach to Investor Protection at FINRA Annual Conference
June 16, 2021
The 1,700 market participants who heard new U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler’s remarks at the remote annual meeting of the Financial Industry Regulatory Authority (FINRA) on May 20, 2021, came away with a clear vision for the regulators’ top priority this year.
Read MoreWhen it comes to the preparation and submission of required annual documents to the U.S. Securities and Exchange Commission (SEC), few regulatory filings demand the level of meticulous care that investment advisory firms must use in completing Form ADV. It takes years to build a sterling...
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