Stay to up to date on trends and breaking news impacting financial services and compliance, performance, risk and cybersecurity.
OCIE examiners report common branch office compliance deficiencies
OCIE examiners report common branch office compliance deficiencies WHAT HAPPENED? On Nov. 9, 2020, the Office of Compliance Inspections and Examinations of the U.S. Securities and Exchange Commission (OCIE) [...]
9 Important Highlights from the 2020 GIPS Standards Conference
9 Important Highlights from the 2020 GIPS Standards Conference Late last month, CFA Institute held its 24th Annual Global Investment Performance Standards (GIPS®) Conference virtually. The event was an opportunity [...]
New Investment Company Act rule updates regulatory requirements for fund of funds arrangements
New Investment Company Act rule updates regulatory requirements for fund of funds arrangements WHAT HAPPENED? Recently, the U.S. Securities and Exchange Commission adopted a new rule and related amendments [...]
IARD Annual Renewal Dates
IARD Annual Renewal Dates WHAT IS COMING UP SOON? Every year at this time, FINRA will post its Renewal Statements in the IARD Portal. These fees are collected for [...]
Reminder: Upcoming SEC Compliance Outreach Seminar
Reminder: Upcoming SEC Compliance Outreach Seminar WHAT HAPPENED? On Thursday, Nov. 19, 2020, the Office of Compliance Inspections and Examinations of the U.S. Securities and Exchange Commission is hosting [...]
Are your documents and website up to ADA standards?
Are your documents and website up to ADA standards? WHAT HAPPENED? Clients and shareholders with auditory, cognitive, neurological, physical, speech, and visual impairments use assistive devices, like screen readers, [...]
SEC proposes exemption for finders helping small businesses raise capital
SEC proposes exemption for finders helping small businesses raise capital WHAT HAPPENED? On Oct. 7, 2020, the U.S. Securities and Exchange Commission proposed a conditional exemption which would allow [...]
ALERT: Phishing Attack Posing as FINRA Survey
ALERT: Phishing attack posing as FINRA survey WHAT HAPPENED? The Office of Compliance Inspections and Examinations of the U.S. Securities and Exchange Commission (OCIE) was recently made aware of [...]
Does your firm include text messages in its recordkeeping?
Does your firm include text messages in its recordkeeping? WHAT HAPPENED? Recently, the U.S. Securities and Exchange Commission released information about proceedings against a California broker-dealer, which failed to [...]
CCO faces $45,000 fine after falsifying documentation
CCO faces $45,000 fine after falsifying documentation WHAT HAPPENED? Recently, a dually registered investment adviser and broker-dealer, and its former Chief Compliance Officer, were charged and fined by the [...]
CFA Institute’s Online Resources for Asset Owners Claiming Compliance with the 2020 GIPS® Standards
CFA Institute’s Online Resources for Asset Owners Claiming Compliance with the 2020 GIPS® Standards CFA Institute’s website has a great list of resources for asset owners claiming compliance with the Global Investment Performance [...]
The SEC’s 9 recommendations for avoiding “credential stuffing” attacks
The SEC’s 9 recommendations for avoiding “credential stuffing” attacks WHAT HAPPENED? Earlier this month, the Office of Compliance Inspections and Examinations of the United States Securities and Exchange Commission [...]
How to Identify and Avoid Vishing and Smishing Attacks
How to Identify and Avoid Vishing and Smishing Attacks WHAT HAPPENED? You likely have heard of phishing attacks, a type of social engineering scheme that tricks victims into clicking [...]
Are your firm’s electronic records secure by SEC standards?
Are your firm’s electronic records secure by SEC standards? WHAT HAPPENED? In recent years, the United States Securities and Exchange Commission has heightened its emphasis on cybersecurity requirements for [...]
Updated Accredited Investor Definition Expands Investor Access to Private Offerings
Updated Accredited Investor Definition Expands Investor Access to Private Offerings WHAT HAPPENED? On Aug. 26, 2020, the United States Securities and Exchange Commission updated the “accredited investor” definition in [...]
GIPS® Advertising Guidelines for Firms
GIPS® Advertising Guidelines for Firms Firms claiming compliance with the 2020 edition of the Global Investment Performance Standards (GIPS®) have two options for communicating their claim of compliance. One of which is [...]