NSCP Webinar: Forward Thinking: Senior Investor Protections, Regulatory Considerations and Best Practices
November 12, 2020 @ 11:00 AM PST/2:00 PM EST | Speakers: Michelle L. Jacko and Robert Hille
Michelle Jacko Selected as Finalist for SDBJ CEO of the Year Awards 2020
CEO Michelle L. Jacko has been honored as a finalist for the “CEO of the Year Awards 2020” by the San Diego Business Journal.
Area of Focus for Your Annual Review: Books and Records
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”). The rule requires SEC-registered investment advisers (“RIAs”) to annually review “the adequacy of the … Read More
A Change in State Oversight Prompts California’s Investment Advisors to Review Their Policies and Procedures
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 … Read More
IAA Compliance Corner: How to Improve Your Compliance Program
CEO Michelle Jacko’s article, “How to Improve Your Compliance Program,” was published in the October 2020 issue of the Investment Adviser Association’s (IAA) Compliance Corner Newsletter. In the article, Ms. Jacko provides readers with additional ways to improve their Compliance … Read More
Preparing for the U.S. Department of Labor’s Proposed Clarification on ERISA Proxy Voting
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. This particular rule is only in the … Read More
Your Annual Review: Cybersecurity and Privacy
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”). The rule requires SEC-registered investment advisers (“RIAs”) to annually review “the adequacy of the … Read More
Rule 38a-1 Compliance Programs for Registered Investment Companies
Registered investment companies (“RIC”) are regulated entities subject to various securities laws. One main regulation is Rule 38a-1 under the Investment Company Act of 1940, as amended (“40 Act”), which requires a RIC to adopt and implement a compliance … Read More
Episode 78: Compliance Program Requirements for Registered Investment Companies
On episode 78 of the CCO Buzz, our Senior Compliance Consultant discusses Rule 38a-1 under the Investment Company Act of 1940 and the requirements within compliance programs for Registered Investment Companies. (GUITAR INTRO) CCO Buzz: Hello and welcome back to … Read More
Interactive Brokers, LLC to Pay Penalties for Failure to File Suspicious Activity Reports
On August 10, 2020, the Securities and Exchange Commission (“SEC”) announced that Interactive Brokers, LLC (“IB” or the “Firm”) had agreed to pay $11.5 million in fines for failure to file Suspicious Activity Reports (“SARs”) in conjunction with trading micro-cap … Read More