Core Compliance Blog Spotlight
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 MoreHow to Get Started On Your Form ADV Annual Amendments
January 10, 2018
On October 1, 2017, the SEC updated and expanded the information required in the Form ADV, which means that if your fiscal year ended on December 31, 2017, it’s time for you to start thinking about your annual Form ADV amendment, which for many of you, will be your first time dealing with these...
Read More5 Types of Documentation You Should Be Reviewing Annually
December 14, 2017
With 2017 rapidly coming to a close, you’re probably thinking about Christmas and your end of year vacation. You also may be putting the last touches on your company’s annual review. The Securities and Exchange Commission (“SEC”) has required advisory firms to conduct annual reviews since the...
Read MoreAnnual Reviews: Suggestions for Compliance Best Practices
December 06, 2017
Annual reviews are a necessary “evil”, something that needs to be done at least once every year or even more often. Some firms conduct reviews every quarter, rather than just once a year.
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...
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