Core Compliance Blog Spotlight

Despite Potential Delays and Changes, Firms Should Begin implementation of REG BI Compliance

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 financial... Read More
Core Compliance Blog Spotlight

CFP Moves Forward with Revised Code of Ethics, Extends Enforcement Date to June 2020

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 delivering... Read More

FINRA Releases Report on Effective Industry Cybersecurity Practices

February 12, 2019

Cybersecurity is regularly identified as one of the top concerns facing the financial industry as a whole.

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Trouble With Tokens Continues: ICO Issuers Settle SEC Registration Charges

January 17, 2019

Despite the Securities and Exchange Commission (SEC) toughening its regulation of virtual currencies and initial coin offerings, enforcement actions continue to be filed with increasing frequency. 

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SEC Publishes Risk-Based Examination Priorities for Registered Investment Companies

January 15, 2019

In an early November announcement, the Securities Exchange Commission (SEC) has publicized new exam initiatives that were announced in a recent risk alert by the Office of Compliance Inspections and Examinations (OCIE) concerning mutual funds and exchange-traded funds.

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A Need for Internal Transparency: JPMorgan Sued for Spoofing Precious Metals

January 10, 2019

Investors have sued JPMorgan Chase & Co., and a group of precious metals traders employed there, in New York federal court, claiming they manipulated futures contracts through a rogue broker practice known as “spoofing.”

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Disclosure Improvements Proposed by SEC for Variable Annuities and Variable Life Insurance Contracts

December 17, 2018

In an Oct. 30, 2018, press release, the Securities and Exchange Commission (SEC) has announced that a proposal for updated disclosure agreements involving the complicated arena of variable annuities and variable life insurance contracts has been approved for public comment.

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FTC Develops Cybersecurity Education Program

December 13, 2018

Cyberattacks pose a very real threat to all modern businesses, from massive corporate conglomerates to smaller local establishments, causing ever greater financial losses and increased headache each year for all who are affected.

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Fraudulent Claims of SEC Approval in Marketing Cryptocurrency Trading

December 11, 2018

As the awareness and popularity of cryptocurrencies increase, so do the instances of fraud and dishonest behavior associated with their trade, which is evidenced by the recent Securities and Exchange Commission (SEC) Investor Alert on the subject.

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SEC Charges Two Brokers with Defrauding Customers

November 15, 2018

In separate complaints, the Securities and Exchange Commission has charged two brokers, Emil Botvinnik of Florida and Jovannie Aquino of New York, with recommending excessive levels of short-term trades that appear to have generated lucrative commissions for the brokers, but were almost certain...

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Fraud and Failure of Oversight: Elon Musk and Tesla Motors Settle SEC Charges

November 14, 2018

Fraudulent messaging that affects retail investment decisions comes in many forms, but the applicable regulatory statutes apply across all circumstances.

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The Red Flags Rule: SEC Charges Voya Financial Advisors Inc. With Deficient Cybersecurity Procedures

November 12, 2018

In the first case of its kind, charges have been filed against a firm for failure to meet the standards of identity theft the Red Flags Rule, which sets standards for the protection of customers against identity theft.

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