Core Compliance Blog Spotlight
Core Compliance Blog Spotlight
SEC Shines Light on Agency and Trading Cross Transactions
The most recent Risk Alert distributed by the Securities and Exchange Commission ("SEC") focused on many compliance issues that have been identified relating to principal trading and cross agency transactions. The SEC’s Office of Compliance Inspections and Examinations (“OCIE”) provided the... Read MoreOn September 16, 2019, the Securities and Exchange Commission announced it had levied fines against two broker-dealers for providing incomplete and inaccurate securities trading information known as “blue sheet data.” The SEC often submits data requests as part of its ongoing efforts to spot...
Read MoreCryptocurrency Fraud Runs Rampant
September 17, 2019
How to Deter the Possibility of Insider Trading by Your Employees
September 10, 2019
On August 12, 2019, the Securities and Exchange Commission (SEC) announced it had filed civil proceedings against Bill Tsai, a junior analyst at RBC Capital Markets, for alleged insider trading.
Read MoreIt’s a Good Time to Review Fee Disclosure for Accuracy & Transparency
September 05, 2019
When it comes to the all-important topic of management and other fees or expenses, investment advisors are charged with the fiduciary responsibility of making certain they disclose all related information comprehensively and transparently.
Read MoreDespite Potential Delays and Changes, Firms Should Begin implementation of REG BI Compliance
August 21, 2019
The Securities and Exchange Commission (SEC) issued its final decision on its three-part reform package last month, featuring the Regulation Best Interest (REG BI). The regulation will require broker-dealers to increase their disclosures and act in their client’s best interest when giving...
Read MoreCFP Moves Forward with Revised Code of Ethics, Extends Enforcement Date to June 2020
August 14, 2019
The Certified Financial Planners (CFP) Board of Standards, Inc. released its revised Code of Ethics and Standards of Conduct last year. The most significant change under the new standards is that now all CFP professionals, including broker dealers, must adhere to the fiduciary duty when...
Read MoreKPMG Agrees to $50 million penalty for SEC Charges
August 07, 2019
KPMG agreed to pay a $50 million penalty and review its ethics and integrity controls as a settlement with the Securities and Exchange Commission (SEC) for charges that the firm altered past audit work papers after illegally obtaining information from the Public Company Accounting Oversight...
Read MoreSEC Approves Four-Part Rules Package
July 23, 2019
On June 5, 2019, the Securities and Exchange Commission (SEC) approved a four-part investment advice reform package containing new rules that govern conduct, forms, and interpretations for investment advisers and broker-dealers.
Read More
