Core Compliance Blog Spotlight
Core Compliance Blog Spotlight
SEC to Focus on Compliance Issues Related to Suspicious Activity Monitoring and Reporting at Broker-Dealers and Mutual Fund Firms
On March 29, 2021, the U.S. Securities and Exchange Commission ("SEC") Division of Examinations ("EXAMS") issued a Risk Alert citing frequent shortcomings found in compliance reviews of Anti-Money Laundering (AML) reporting at broker-dealer and mutual fund firms. Find the Risk Alert here. Read MoreSteps Advisers and Investors Can Take to Protect Against Potentially Fraudulent Investments in a Post-Madoff World
March 12, 2021
Almost 12 years have passed since Bernie Madoff was sentenced to 150 years in prison with a restitution of $170 billion for perpetrating an elaborate Ponzi scheme that harmed thousands of clients. Widely regarded as the largest fraudulent investment scandal in U.S. history, the Madoff case...
Read MoreTimely Takeaways from Zoom’s Consent Agreement with the FTC over Data Management Practices
March 08, 2021
Firms should take note that information security will remain an area of intense focus this year for the U.S. Securities and Exchange Commission’s (SEC) Division of Examinations (the Division or EXAMS), formerly known as the Office of Compliance Inspections and Examinations (OCIE).
Read MoreWhat Investment Advisor Reps Need to Know About New York State’s New Registration Requirements
February 12, 2021
The Investor Protection Bureau (IPB) of the New York State Attorney General’s office has adopted regulations that took effect February 1, 2021, under which investment advisor representatives (IARs) of both federal and state investment advisory firms must register with the state and meet certain...
Read MoreEvery new year brings a multitude of filings that compliance officers of financial advisory firms must make to meet regulatory requirements. Among the items on the compliance checklist for those involved in futures trading is the annual need to reaffirm their Commodity Futures Trading Commission...
Read MoreSEC Provides Long-Awaited Guidance and Requests Comments to Help Protect Bitcoin Investors
January 19, 2021
When the price of a much-publicized asset increases 296% as Bitcoin did in 2020, it’s bound to attract attention from institutional investors, the general public, and the U.S. Securities and Exchange Commission (SEC).
Read MoreRecord Market Trading Volume in 2020 Could Prompt Your Firm’s Need to File SEC Form 13H
January 14, 2021
The global COVID-19 pandemic has changed the way many of us live, work, and invest. Trading activity in global and domestic markets spiked last year, partly as a result of the added time millions spent at home to avoid exposure to the coronavirus.
Read MoreNASAA Members Adopt Model Rule to Require Continuing Education by Investment Adviser Representatives
December 15, 2020
The North American Securities Administration Association (NASAA) is a voluntary body composed of state securities regulators across all 50 states, Canada, and Mexico. Founded in 1919, it is the oldest international regulatory organization devoted to investor protection.
Read MoreHelpful Hints on What to Expect in 2021 from the SEC’s Division of Enforcement: No One is Above the Law
December 10, 2020
Closing out our short series of suggested focus areas for 2021, this blog post focus on the overall theme of the SEC's Division of Enforcement’s Annual Report. Over the course of 2020, the industry has tried to navigate through unknown territory, striving to serve their clients, keep their...
Read More
