Core Compliance Blog Spotlight
Core Compliance Blog Spotlight
Non-Public Form N-PORT: Changes to Filing Date
Keeping up with the latest changes to filing requirements is a critical element of compliance at any firm. Read MoreIt’s tempting, I know, to want to search online for a compliance review checklist you can simply download for the required annual review.
Read More3 Common Mistakes Investment Advisory Firms Make When Maintaining Compliance Programs
November 16, 2017
Regardless of size, investment advisers need to be aware of some common, and avoidable, mistakes that are often made when maintaining compliance programs.
Read MoreTop 4 Tips for Getting the Most Out of IA Compliance: The Full 360 Degree View West
October 16, 2017
The first CCLS/ IA Watch Conference is taking place this November 2nd, just a few short weeks away.
Read MoreWhat Investment Advisers Need to Know About the SEC’s New Risk Alert
September 21, 2017
Last week, the Securities and Exchange Commission’s (“SEC”) Office of Compliance Inspections & Examinations issued a new Risk Alert titled, "The Most Frequent Advertising Rule Compliance Issues Identified in OCIE Examinations of Investment Advisers" which was generated as a result of a recent...
Read MoreDOL Seeking Delay of its Fiduciary Rule until July 2019
August 09, 2017
The Department of Labor (“DOL”) has submitted a proposal to the Office of Management and Budget (“OMB”) for a delay on implementing the remaining requirements of their fiduciary rule (“DOL Rule”) until July 1, 2019, which is currently scheduled to go into effect on January 1, 2018. The delay...
Read MoreNevada Creates Own Fiduciary Rule
July 19, 2017
Recently, Nevada Governor Brian Sandoval signed into law Senate Bill 383 that revised current regulations for financial planners. The changes expand the definition of financial planner in NRS 628A.010 to now include broker-dealers and investment advisers in Nevada, which in turn requires such...
Read MoreSEC Seeks Public Comment on Standards of Conduct for Investment Advisers and Broker-Dealers
June 16, 2017
In a recent public statement, Securities and Exchange Commission (“SEC”) Chairman Jay Clayton announced that the SEC is moving forward with its review of the standards of conduct mandates for investment advisers and broker-dealers and he welcomes the Department of Labor (“DOL”) Secretary...
Read MoreTime’s Up: The Fiduciary Rule Delay Comes to an End
May 24, 2017
Originally intended to go into effect on April 10, 2017, the DOL’s Conflicts of Interest final rule (referred to in the industry as the “Fiduciary Rule”) was delayed for 60 days while the department analyzed issues raised in President Trump’s February 3, 2017, memorandum. Despite the...
Read MoreOn May 17, 2017, the SEC’s Office of Compliance Inspections and Examinations (“OCIE”) released a Risk Alert discussing the recent ransomware cyberattack and providing two important protection steps firms should take. In addition, the Risk Alert outlined that OCIE had observed certain “security...
Read MoreThe SEC’s Office of Compliance Inspections and Examinations (“OCIE”) has been issuing written Risk Alerts since 2011 that outline areas the SEC believes carry high risks for broker-dealers and investment advisers. The areas covered in these alerts have included:
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