Stay to up to date on trends and breaking news impacting financial services and compliance, performance, risk and cybersecurity.
2023 IARD Annual Renewal Message
2023 IARD Annual Renewal Message What's coming up soon? Every year at this time, Renewal Statements for advisers are posted in the IARD Portal. These fees are collected for [...]
CISA Issues Guidance on Numbers Matching and Phishing-Resistant Multifactor Authentication
CISA Issues Guidance on Numbers Matching and Phishing-Resistant Multifactor Authentication What happened? The Cybersecurity and Infrastructure Security Agency (“CISA”) published two fact sheets on October 31, 2022, outlining the [...]
SEC Proposes New Rule on Outsourcing by Investment Advisers
SEC Proposes New Rule on Outsourcing by Investment Advisers What happened? On Wednesday, Oct. 26, 2022, the Securities and Exchange Commission (SEC) proposed a new rule and amendments regarding [...]
Typosquat Campaign Mimics 27 Brands to Push Windows, Android Malware
Typosquat Campaign Mimics 27 Brands to Push Windows, Android Malware What happened? A massive typosquat campaign has come to light with over 200 typosquatting domains impersonating 27 brands to [...]
Electronic Communications Recordkeeping: SEC Examination Requests
Electronic Communications Recordkeeping: SEC Examination Requests What happened? After landmark penalties against 16 Wall Street Firms, the message is clear: firms are expected to abide by the U.S. Securities [...]
Uber’s 2016 Data Breach Cover-Up Results in Former Security Chief’s Conviction
Uber’s 2016 Data Breach Cover-Up Results in Former Security Chief’s Conviction What happened? On Wednesday, Oct. 5, 2022, Joe Sullivan, former chief security officer for Uber, was convicted on [...]
SEC Reopens Comment Periods for Cybersecurity, ESG, and More
SEC Reopens Comment Periods for Cybersecurity, ESG, and More What happened? In a surprising development, the U.S. Securities and Exchange Commission (SEC) announced that they would reopen the comment [...]
Cybersecurity Awareness Month: Four Things You Can Do
Cybersecurity Awareness Month: Four Things You Can Do Cyberattacks are now seen as the biggest risk to businesses – outranking COVID-19, economic turmoil, skills shortages, and other issues, according [...]
NSCP Currents: ESG Considerations for Investment Advisers
ESG Considerations for Investment Advisers
16 Wall Street Firms Charged by the SEC for Widespread Recordkeeping Failures
16 Wall Street Firms Charged by the SEC for Widespread Recordkeeping Failures What happened? On Sept. 27, 2022, the Securities and Exchange Commission (“SEC”) charged 15 broker-dealers and one [...]
NSCP Currents: Evolving Cybersecurity Expectations: The SEC Proposes its First Comprehensive Cyber and Data Security Rules
Evolving Cybersecurity Expectations: The SEC Proposes its First Comprehensive Cyber and Data Security Rules
Failures to Safeguard Personal Information Costs Morgan Stanley Smith Barney $35 Million
Failures to Safeguard Personal Information Costs Morgan Stanley Smith Barney $35 Million What happened? On Sept. 20, 2022, the Securities and Exchange Commission (“SEC”) charged Morgan Stanley Smith Barney [...]
SEC Risk Alert on the New Marketing Rule: Act Now to Prepare
SEC Risk Alert on the New Marketing Rule: Act Now to Prepare What happened? The Division of Examinations (“EXAMS”) published a risk alert yesterday to inform investment advisers, including [...]
SEC Charges Two Advisory Firms for Custody Rule Violations Among Other Violations
SEC Charges Two Advisory Firms for Custody Rule Violations Among Other Violations What happened? On September 9, 2022, the Security and Exchange Commission (“SEC”) charged several investment advisers who [...]
The SEC’s Strategic Plan for 2022-2026 Fiscal Years
The SEC’s Strategic Plan for 2022-2026 Fiscal Years What happened? On August 24, 2022, the U.S. Securities and Exchange Commission (SEC) announced its plans for the 2022-2026 Fiscal Years [...]
SEC Fines Adviser in Wrap Fee Program Dispute
SEC Fines Adviser in Wrap Fee Program Dispute What happened? On August 26, 2022, Kovack Advisors, Inc. (“KAI”) settled with the U.S. Securities and Exchange Commission (“SEC”) for almost [...]