SEC Issues Risk Alert on Cybersecurity in Light of “WannaCry” Ransomware Attack
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
High Profiled Risks Associated With Investment Advisory Firms
The SEC’s Office of Compliance Inspections and Examinations (“OCIE”) has been issuing written Risk Alerts since 2011 that outline areas the SEC believes carry high risks for broker-dealers and investment advisers. The areas covered in these alerts have included:
“SEC Expectations for Managing Retirement Accounts” Webinar Q&A
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
2017 Solutions for Compliance Professionals
At the beginning of every year, the Securities and Exchange Commission’s (“SEC’s”) Office of Compliance Inspections and Examinations (“OCIE”) identifies its examination priorities for the coming year. These priorities, which are based on perceived heightened risks to investors and the … Read More
Beyond the DOL Rule – A Look at SEC Expectations for Advisers Managing Retirement Accounts
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 However, regardless of whether the rule gets delayed or repealed, the Securities and Exchange Commission (“SEC”) continues to focus on the services being … Read More
No-Action Letter on Custody Pertaining to Standing Letters of Authorization
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
Preparing for SEC Exams: Top Five Identified Deficiencies by the OCIE
In February 2017, the Securities and Exchange Commission (“SEC”) published a Risk Alert highlighting the top five most common compliance topics identified in deficiency letters issued to SEC registered investment advisers (“RIA”).
Annual South Florida FPA Conference
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.
Schwab National Summit
Michelle Jacko will be presenting a “Cybersecurity Workshop” at the Schwab National Summit in Ft. Lauderdale on April 6-7, 2017.