Core Compliance Blog Spotlight

The SEC Waves a Cautionary Yellow Flag for Investment Advisers Associated with Wrap Fee Programs

The continued growth of investor assets participating in wrap fee programs has prompted regulators to maintain a sharp focus of the programs as part of an ongoing assessment of market-wide risks and matters of importance to retail investors saving for retirement. Read More
Core Compliance Blog Spotlight

SEC Enforcement Actions Send a Stark Message: The Transition Period for Form CRS Has Ended

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 More

What Every Chief Compliance Officer Needs to Succeed on the Job

December 07, 2020

The question of how many resources your firm should allocate to your compliance department to fulfill its regulatory responsibilities can be a hot button topic for investment advisory firms of all sizes.

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Helpful Hints on What to Expect in 2021 from the SEC’s Division of Enforcement: A Banner Year for Whistleblowers

November 10, 2020

In a recent blog post, we discussed poignant areas for 2021, due to the fluidity and lessons learned this year. As we all know, 2020 has changed the mindset and strategies for all business and the team at Core Compliance would like to continue the discussion in a short- series of what we believe...

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Helpful Hints on What to Expect in 2021 from the SEC’s Division of Enforcement: COVID-19

November 08, 2020

While past performance cannot guarantee comparable future results, the information the U.S. Securities and Exchange Commission’s Division of Enforcement just released in its annual report for its 2020 fiscal year is a must read for trendspotters who want to know what might be top of mind for the...

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Help Protect Client Accounts by Planning, Practicing and Promoting Proper Cyber Hygiene

November 06, 2020

Since the onset of the coronavirus, we have heard health officials emphasize time and again that the three most important steps for personal hygiene are hand washing, mask wearing, and social distancing.

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SEC Clarifies FAQs on Legal and Disciplinary History Responses for Form CRS

October 21, 2020

On October 8, 2020, the U.S. Securities and Exchange Commission released updated guidance to help clarify questions that have surfaced regarding information on firm and employee disciplinary history that must be disclosed on the client relationship summary (Form CRS).

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Area of Focus for Your Annual Review: Books and Records

October 19, 2020

The annual review is one of the three (3) pillars of Rule 206(4)-7 (“the Compliance Rule”) of the Investment Advisers Act of 1940 (“the Advisers Act”).

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A Change in State Oversight Prompts California’s Investment Advisors to Review Their Policies and Procedures

October 13, 2020

To help strengthen the state’s consumer protection laws and oversight of the financial industry, California has passed legislation that has changed the name of the Department of Business Oversight (DBO) to the Department of Financial Protection and Innovation (DFPI) and expanded its oversight...

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Preparing for the U.S. Department of Labor’s Proposed Clarification on ERISA Proxy Voting

September 21, 2020

On August 31, 2020, the U.S. Department of Labor (DOL) released a proposal under the Employee Retirement Income Security Act of 1974 (ERISA) to amend fiduciary duties regarding proxy voting and shareholder rights.

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What CCOs and Compliance Departments Need to Know About the SEC’s New Definition of ‘Accredited Investor’

September 15, 2020

Not long ago, the ability to invest in private offerings in the U.S. was limited to those whose annualized income and net worth afforded a country-club lifestyle. The requirements were an average income of $200,000 for the last two years ($300,000 for joint income) and/or a net worth of $1...

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Your Annual Review: Cybersecurity and Privacy

September 09, 2020

The annual review is one of the three (3) pillars of Rule 206(4)-7 (“the Compliance Rule”) of the Investment Advisers Act of 1940 (“the Advisers Act”).

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