Form CRS Updates in 2020 (Part 1)

Form CRS Updates in 2020 (Part 1)

On October 8th, the SEC release another update to the FAQ for Form CRS, this time focusing on the Disciplinary History section. After so many updates, it is a good idea to go back through to refresh your memory.

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Form CRS Updates in 2020 (Part 2)

Investment Advisers Act: Know the Rules or Pay the Price

Knowing firm requirements as set forth in the Investment Advisers Act is essential, and learning from the mistakes of others in this area can be a valuable and motivating tool for striving for compliance in the financial services industry. In an atmosphere where Chief Compliance Officers (CCO) are being added to disciplinary proceedings, learning and taking immediate corrective action is the name of the game. No longer is the firm the only name blasted across SEC complaints; regulators will ensure that individuals are equally held responsible. Read More…

Compliance program

Why Small Firms Need Compliance Program Assessments

With the rise in new regulations, small firms generally experience some of the greatest challenges evolving their business to meet these new demands. Critical focus areas constantly expand related to cybersecurity, senior investor protection, supervisory controls, succession planning, and human capital. With this in mind, small firms need to ensure that they have a solid foundation in place for their compliance program. But why is it important for small firms especially to perform occasional assessments of their compliance efforts?

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Regulation S-P

Regulation S-P: Possible Compliance Weaknesses

SEC Risk Alerts are helpful tools that notify broker-dealers and investment advisors of trends identified during recent examinations. A Risk Alert released last year provides insight to assist Firms with staying in compliance, highlighting trends related to Regulation S-P.

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Compliance Budget

Mid-Year Compliance Budget Planning

Reviewing your current mid-year compliance budget plan and adjusting for the rest of the year is important. With COVID-19 taking up a substantial portion of the first half of the year, your vision and budget for 2020 may have drastically changed.

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Code of Ethics

Code of Ethics Concerns During COVID-19 and Beyond

COVID-19 has bought a “new normal”. From stay-at-home orders and teleworking requirements to market volatility, consumer worry, and delayed public disclosure, the face of the industry will be forever changed. In light of this, Registered Investment Advisor compliance departments should consider reviewing the landscape of the Code of Ethics requirements.

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