RIA Firm Audits: A RIA Compliance Consultant Service The SEC or state regulators probably came to your office to conduct an RIA audit by a RIA Compliance consultant, which is something you might be wondering about. In that case, you are indeed lucky! You might...
Registered Investment Advisor ("RIA") firms must keep detailed records and you are subject to a high level of recordkeeping requirements. Also as a firm, you handle critical personal information of individuals and companies. Several reasons make it critical that you can easily access the...
Irrespective of whether you have the title of "chief compliance officer" or CCO for your registered investment adviser ("RIA") business or not, you probably already know how crucial it is to archive all communications destined for your clients and targets. It's likely that you post...
As a Certified Financial Planner, your professional responsibilities are governed by the ethical standards established by the CFP Board or Certified Financial Planner Board of Standards, Inc. Here is an example of why you need to be transparent about who you are when dealing...
Current Securities and Exchange Commission (SEC) Chairman Gary Gensler maintained a strict regulatory policy while Jay Clayton, the former SEC chairman, adopted a more lenient approach. Retail investors and registered investment advisors (RIAs) benefited from the SEC's new priorities under Gensler. However, the SEC's...
Regulatory complexity and accessibility are growing, as are business compliance risks. It depends on the type of business you operate to know what regulations and rules your business is required to follow on both an internal and external level. If you do not comply with...
In accordance with SEC Rule 206(4)-7 pursuant to Investment Advisers Act of 1940, also known as the "Compliance Rule," a registered investment adviser (RIA) firm must designate a Chief Compliance Officer ("CCO") with experience in investment adviser compliance services and regulations. The following are some...
Recall that in November 2020, NASAA or The North American Securities Administrators Association will adopt a new model rule for investment adviser compliance services on continuing education (CE). An IAR or individual investment adviser representative who wishes to maintain their registration as an IAR...
Form CRS, also known as Form ADV Part 3 - an investment advisor's registration form - when it’s not delivered and file will fine the investment advisers. According to the SEC or Securities and Exchange Commission, there are 21 investment advisers who have settled charges...
FINRA just announced that it is reviewing advisors' practices and controls associated with the opening of options accounts, as well as account supervision, diligence, communications, and other regulatory compliance consulting services. Targeted exams cover accounts that are self-directed as well as those where advisors...
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