Latest compliance

Robo-Advisers Still Have the Same Compliance Obligations as Traditional Firms

 

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Latest compliance

5 Compelling Reasons to Seek Outsourced Compliance Services

For many firms, the idea of hiring an outsourced compliance consultant or paying for outsourced compliance services doesn’t always seem palatable. After all, the cost of hiring outside contractors certainly isn’t low, and for many firms, especially when starting out, there is pressure to avoid...

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Preventative Regulatory Compliance — Save Time and Money (and Headaches) up Front

April 11, 2018

“An ounce of prevention is worth a pound of cure,” and nowhere is that more applicable than in the world of finance.

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Annual 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.

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Why Those Free to Download Annual Compliance Review Checklists Aren’t Good Enough

November 22, 2017

It’s tempting, I know, to want to search online for a compliance review checklist you can simply download for the required annual review.

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What 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...

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DOL Issues Bulletin in Wake of Proposed Rule Delay

March 23, 2017

Following the proposed rule to delay the Department of Labor’s Conflicts of Interest Rule (the “DOL Rule), John Canary, the DOL’s Director of Regulations and Interpretations, issued a Field Assistance Bulletin announcing a temporary enforcement policy. This memorandum, which was sent to the...

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FINRA Announced Its 2017 Exam Priorities

January 13, 2017

According to Robert W. Cook, since becoming the president and CEO of FINRA in August 2017, he has “been engaged in an ongoing ‘listening tour’ meeting with member firms, regulators and investor groups, among others.”  In the cover letter he issued announcing the release of FINRA’s 2017 Regulatory...

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End of Year is Almost Here – Are You Prepared?

December 19, 2016

2016 is speeding to a close, so to assist advisory firms in preparing for year-end compliance requirements, along with certain upcoming regulations, CCLS recently published a Risk Management Update (“RMU”) that contains a year-end compliance checklist.  While it’s not all inclusive, the checklist...

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Department of Labor Issues First Set of FAQs on DOL Fiduciary Rule

October 31, 2016

On October 27, 2016, the DOL issued highly anticipated guidance on the Conflicts of Interest Rule in the form of FAQs that address the exemptions.  The Director of the Employee Benefits Security Administration (“EBSA”), Phyllis Borzi, indicated this is the first of three sets of FAQs and the second...

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