Core Compliance Blog Spotlight

Two Important Concerns to Address Within Your Business Continuity Plan (BCP) for an SEC Examination

On March 23, 2020, the U.S. Securities and Exchange Commission (“SEC”) modified its announcement “OCIE Statement on Operations and Exams – Health, Safety, Investor Protection and Continued Operations are our Priorities.” Within the announcement the SEC determined that the Office of Compliance... Read More
Core Compliance Blog Spotlight

How Strong Is Your Cybersecurity Program?

The Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (OCIE) staff has compiled observations from its thousands of examinations to broker-dealers, investment advisers, clearing agencies, national securities exchange and other SEC registrants and shared some best... Read More

Is Your Firm's Whistleblower Program Effective?

March 10, 2020

The Securities and Exchange Commission (“SEC”) recently awarded two whistleblowers with monetary awards for providing significant information that helped the SEC stop fraudulent schemes. The first individual earned an award of $277,000 for bringing forward information that unveiled a scheme that...

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Is Your Firm Prepared for a Pandemic?

March 03, 2020

UPDATE (03.12.2020): Since the publishing of this blog post the Coronavirus (COVID-19) has infected more than 130,267 confirmed unique cases and has killed over 4,700 of those affected across 125 countries.

The recent outbreak of the Coronavirus (COVID-19) has spread to more than 85,000 unique...

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Do You Have What It Takes to be a Whistleblower?

February 18, 2020

Every now and then, the Securities and Exchange Commission (SEC) encounters a case that serves as a textbook example of everything that can go awry when a firm deems fraud more important that fiduciary responsibility.

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Here are the Areas of Focus for SEC Compliance in 2020

February 13, 2020

Senior retail investors and cybersecurity. About the only thing they have in common is their presence on the list of examination priorities this year for the Securities and Exchange Commission’s Office of Compliance Inspections and Examinations (OCIE).

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Here’s a Way to Showcase Your Fiduciary Responsibilities

February 10, 2020

A focus on the retail investor and cyber-related misconduct resulted in a record total of $4.3 billion in disgorgements and penalties ordered by the Securities Exchange Commission in 2019. Among the Commission’s 862 enforcement actions were a $100 million fine against Facebook for misuse of user...

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Orion’s Eric Clarke Examines Issues Facing RIAs in Financial Planning’s Lightning Round

January 21, 2020

Eric Clarke, chief executive officer for Orion Advisor Solutions (Orion), was interviewed for Financial Planning’s Lightning Round. In the interview, Clarke describes the greatest threat to independent advisors as changes occur in the regulatory landscape.

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SEC Publishes Frequently Asked Questions on Form CRS

January 14, 2020

As the first filing deadline for the Securities and Exchange Commission’s (“SEC”) new Form CRS is approaching on June 30, 2020, the SEC Division of Investment Management and Division of Trading and Markets have published a frequently asked questions document in response to inquiries they have...

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Charles Schwab Corp. to Purchase TD Ameritrade for $26 billion

January 07, 2020

Charles Schwab Corp. announced it has agreed to purchase TD Ameritrade Holding Corp. for $26 billion in an all-stock transaction, combining two of the largest custody service providers to independent financial advisers.

After the merger, the combined firm will have assets in excess of $5...

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