Stay to up to date on trends and breaking news impacting financial services and compliance, performance, risk and cybersecurity.
Key Takeaways from the SEC’s ESG Risk Alert
Key Takeaways from the SEC’s ESG Risk Alert WHAT HAPPENED? Recently, the U.S. Securities and Exchange Commission released a Risk Alert outlining specific compliance concerns associated with environmental, social, [...]
SEC Exam Observations: ESG Investing Risks
SEC Exam Observations: ESG Investing Risks WHAT HAPPENED? Recently, the U.S. Securities and Exchange Commission released a Risk Alert outlining specific compliance concerns associated with environmental, social, and governance [...]
Misleading Investor Newsletters: Firm Principal Charged by SEC for Omitting Facts
Misleading Investor Newsletters: Firm Principal Charged by SEC for Omitting Facts WHAT HAPPENED? The owner and principal of an Indiana-based investment advisory firm was recently fined by the U.S. [...]
10 Takeaways From CFA Institute’s Guidance on Benchmarks for Firms
10 Takeaways From CFA Institute’s Guidance on Benchmarks for Firms The 2020 Global Investment Performance Standards (GIPS®) require firms to choose an appropriate total return benchmark, when available, for every [...]
Firm Principal Fined by the SEC for Supervisory Violations
Firm Principal Fined by the SEC for Supervisory Violations WHAT HAPPENED? Recently, the U.S. Securities and Exchange Commission charged a California-based adviser with several compliance failures related to supervisory [...]
Compliance Considerations for RIAs and BDs Trading Digital Asset Securities
Compliance Considerations for RIAs and BDs Trading Digital Asset Securities WHAT HAPPENED? Digital assets continue to be a hot topic among regulators as these securities gain momentum in the [...]
The New Virginia Consumer Data Protection Act – What Does It Mean for My Firm?
The New Virginia Consumer Data Protection Act - What Does It Mean for My Firm? WHAT HAPPENED? On March 2, 2021, Virginia governor Ralph Northam signed into law the [...]
How bad is the Microsoft Exchange attack, and should I be worried?
How bad is the Microsoft Exchange attack, and should I be worried? WHAT HAPPENED? On Tuesday, March 2, 2021, Microsoft issued an uncommon “out-of-band,” or off schedule patch for [...]
UPDATE: The SEC’s Marketing Rule is Officially Published – What Now?
UPDATE: The SEC’s Marketing Rule is Officially Published – What Now? WHAT HAPPENED? On Friday, March 5, 2021, the U.S. Securities and Exchange Commission’s highly anticipated Marketing Rule was [...]
2021 SEC Examination Priorities: What You Should Know
2021 SEC Examination Priorities: What You Should Know WHAT HAPPENED? On March 3, 2021, the Division of Enforcement of the U.S. Securities and Exchange Commission (the Division) released its [...]
SEC Requirement: Annual Amendment for Form ADV 2021
SEC Requirement: Annual Amendment for Form ADV WHAT HAPPENED? The SEC requires that investment advisers file a form ADV Annual Amendment within 90 days of the end of the [...]
Six New Data Privacy Bills That Could Become Law in 2021
Six New Data Privacy Bills That Could Become Law in 2021 WHAT HAPPENED? State mandated data privacy regulations are constantly evolving to meet the needs of the changing cybersecurity [...]
GIPS® Standards Case Study: One Asset Owner’s Efforts to Attain Compliance
GIPS® Standards Case Study: One Asset Owner’s Efforts to Attain Compliance Asset owners are a growing faction of entities seeking to attain compliance with the Global Investment Performance Standards (GIPS®). As [...]
Large Trader Compliance Risks For Investment Advisers and Broker-Dealers
Large Trader Compliance Risks For Investment Advisers and Broker-Dealers WHAT HAPPENED? Recently, the Division of Enforcement of the U.S. Securities and Exchange Commission released a list of common compliance [...]
SEC Restores Investigative Powers for Senior Enforcement Staff
SEC Restores Investigative Powers for Senior Enforcement Staff WHAT HAPPENED? On Feb. 9, 2021, the Acting Chair of the U.S. Securities and Exchange Commission, Allison Herren Lee, announced in [...]
NSCP Currents: Preparing for the LIBOR Transition and the Division’s LIBOR Exam
NSCP Currents: Preparing for the LIBOR Transition and the Division's LIBOR Exam