Business Continuity and Disaster Recovery Plans Focused in New SEC Risk Alert
August 27, 2013: A new Risk Alert released by the Securities and Exchange Commission’s (SEC’s) Office of Compliance Inspections and Examinations (OCIE) details new considerations for investment advisers in establishing business continuity plans (BCPs) and disaster recovery plans. Focusing specifically … Read More
Senators Seek DOL Rule Delay to Mitigate Potential Conflict in Rules on Investment Advice
A delay in a new rule proposed by the Department of Labor (DOL) regarding investment advice for retirement plans is being pursued by a group of Democratic Senators, who argue that the proposed rule may clash with a prospective proposal … Read More
New Anti-Money Laundering (AML) Rules Aim to Target Independent Advisers
Anti-money laundering (AML) regulation – currently applying only to broker-dealers – may soon affect independent advisers under a new proposal being currently drafted by the Financial Crimes Enforcement Network (FinCEN). First set forth as a proposed rule in 2003 and … Read More
Core Compliance Risk Management Update Profile: Disaster Recovery and Business Continuity Plans
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
Regulation D Advertising and General Solicitation Amendments Approved By SEC
A proposed alteration to Rule 506 under Regulation D of the Securities Act of 1933 permitting issuers, including private investment funds (e.g., hedge funds), to advertise to a broad investor public was approved on July 10 by the Securities and … Read More
SEC Desires to Hire Examiners, But Need for Many More is Greater
The Securities and Exchange Commission (SEC) is seeking greater institutional funding to be used towards staffing more examiners for investment advisers, but according to an industry source, the agency needs many more positions than they estimate to increase its reach. … Read More
Streamlined Branch Office Registration Passed for Florida Broker-Dealers and Advisers
Branch office registration for broker-dealers and advisers hoping to open a branch office in Florida has just gotten easier, thanks to a new Florida state measure. On June 14, 2013, Governor Rick Scott passed a law to allow branch office … Read More
