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 … Read More
On 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 … Read More
In April, the team at Core Compliance hosted an informative webinar, “SEC Expectations for Managing Retirement Accounts.” During the presentation, he discussed important considerations for the now delayed DOL Conflicts of Interest Rule, how the SEC’s ReTIRE Initiative impacts a … Read More
On April 4, 2017, the Department of Labor (“DOL”) issued a news release announcing that they are extending the applicability date of their Conflicts of Interest Rule (commonly referred to as the “Fiduciary Rule”) for 60 days. The release also extends … Read More
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 … Read More
The fate of the Department of Labor’s (“DOL”) Conflicts of Interest rule (the “DOL Rule”) is uncertain. However, regardless of whether the rule gets delayed or repealed, the Securities and Exchange Commission (“SEC”) continues to focus on the services being … Read More
As a result of widespread confusion and uncertainty among investment advisers and other members of the financial industry, the Investment Adviser Association (IAA) sent a letter to the SEC’s Division of Investment Management requesting clarification and no-action relief pertaining to … Read More
Core Compliance will be presenting on “Cybersecurity – How to Protect Your Business” at the Annual South Florida FPA Conference in Boca Raton, FL, on April 27-28, 2017.
Michelle Jacko will be presenting a “Cybersecurity Workshop” at the Schwab National Summit in Ft. Lauderdale on April 6-7, 2017.
“Risks applicable to investment advisers continue to be a high priority focus for the Securities and Exchange Commission (“SEC”). To that end, the SEC’s Office of Compliance Inspections and Examinations (“OCIE”) is tasked with the responsibility of, among other things, … Read More