The Securities and Exchange Commission (SEC) requires investment advisers to meet certain due diligence requirements before hiring a service provider to perform certain investment advisory services or functions. It’s imperative that RIAs establish and maintain robust vendor due diligence and … Read More
As the regulatory landscape continues to evolve, investment advisory and broker-dealer professionals increasingly rely on technology and third-party vendors to meet expanding compliance obligations. Outsourcing compliance functions remains a growing trend, with firms finding specialized expertise, cost efficiency, and enhanced … Read More
The day began for you like any other: you show up to your office at the same time as always. You follow your usual habits and routines as you move through the space to your workstation, the sights, sounds, and … Read More
It’s one of those scenarios made for film or television: there you are, sitting in your office, minding your own business. All of your firm’s personnel have submitted their quarterly attestation certifications on time and you just completed some procedural … Read More
Under the Compliance Rule (Rule 206(4)-7) of the Investment Advisers Act of 1940, Investment Advisers (RIAs) registered with the Securities and Exchange Commission (SEC) are mandated to conduct an annual evaluation of their policies and procedures (P&Ps) to assess their … Read More
In October, The U.S. Securities and Exchange Commission (“SEC”) issued their 2024 exam priorities list,[1] which is only the second time in 10 years that they have released the list prior to year-end. Prior release dates have usually been in … Read More
“Familiarity breeds contempt” It’s an old saying that proves itself relevant again and again. When looking over the headlines or through the trade publication emails that fill our inboxes, even the most casual observer can find examples of someone whose … Read More
When a regulator shows its hand, take it seriously—a poignant lesson that one is wise to heed. At the end of January, the Securities and Exchange Commission (“SEC”) released a Risk Alert entitled ‘Observations from Broker-Dealer Examinations Related to Regulation … Read More
In today’s electronically connected world, more and more exchanges are happening online, in terms of both sensitive information and currency. Be it communication through social media platforms, mobile applications, email, and text messages, or even the purchase and delivery of … Read More
Several years ago, the SEC initiated the CCOutreach program, now called the Compliance Outreach Program, to promote open communications and coordination among various industry related entities – mutual funds, investment advisers and broker-dealers – on compliance issues. The program was … Read More