September 15 , 2016 – Wolters Kluwer Modern Compliance
CEO, Michelle Jacko and consultant Tina Mitchell will be presenting: Chapter on Due Diligence.
FinCEN Issues FAQs Pertaining to their Final Rule Under the Bank Secrecy Act
On May 11, 2016, the Financial Crimes Enforcement Network (“FinCEN”) issued a final rule on customer due diligence (the “CDD Rule”). This rule addresses new and existing due diligence requirements for Covered Financial Institutions (as defined in the rule), which … Read More
Are you Performing Due Diligence?
On July 30, 2015 Curian Capital (“Curian”), an SEC registered asset management firm, surprised the industry by posting a notice on their website stating they will no longer accept any new business and will only continue to manage existing … Read More
Investor Alert: Beware of False or Exaggerated Credentials
Last week, the Securities and Exchange Commission’s (“SEC”) Office of Investor Education and Advocacy (“OIEA”) released its 13th Investor Alert of 2015, Beware of False or Exaggerated Credentials. According to the website, the office issued the alert to inform investors … Read More
Ponzi Scheme Seduces Investors for $3.8 Million
A Colorado-based pyramid and Ponzi scheme that boasts returns of 700 percent has been charged with fraud by the U. S. Securities and Exchange Commission (“SEC”). Since April 2014, Kristin Johnson and Troy Barnes who operated under “The Achieve Community,” … Read More
Auditors are the Focus of SEC Scrutiny
On October 24, The Securities and Exchange Commission (“SEC”) sanctioned a south-Florida auditing firm for violating federal laws and regulations requiring lead audit partners to periodically rotate off their audit engagements with a publicly-traded company in order to preserve the … Read More
Risk Management Update Profile – Cybersecurity: Important Considerations for Investment Advisers and Broker-Dealers
Each month, Core Compliance & Legal Services, Inc. (“Core Compliance”) publishes a Risk Management Update (“RMU”), authored by one of our staff members on a current “hot topic” in the securities industry. In late May 2014, Core Compliance’s Lead Managing … Read More
Securities and Exchange Commission Publishes Draft Strategic Plan
On February 3rd, 2014, the Securities and Exchange Commission (“SEC”) released a draft version of the Strategic Plan for public comment through March 10th. The plan outlines the SEC’s strategic goals for the years 2014 through 2018.
The Complicated Regulatory Position of Proxy Advisory Firms for Investment Advisers
At the start of September 2013, computer giant Dell Inc. released a series of findings made by three US proxy advisory firms – Institutional Shareholder Services (ISS), Glass Lewis, and Egan Jones – recommending Dell shareholders to support a proposed … Read More
Core Compliance Risk Management Update Profile: Alternative Mutual Funds
At the end of each month, Core Compliance & Legal Services, Inc. (“Core Compliance”) publishes a Risk Management Update (RMU), an in-depth article written by one of our staff members on a currently relevant topic in compliance, securities, and investment … Read More