You have successfully formed your investment advisory firm and your business is up and running. Now you want to ensure that your firm remains in compliance with the SEC, FINRA and state regulators so that, in the event a regulatory agency DOES come knocking, you are ready to handle the examination.
Investment advisers should promptly review language used in mandated pre-dispute arbitration agreements in response to Regulatory Notice 21-16 recently issued by the Financial Industry Regulatory Authority (FINRA). The Notice serves as a cautionary yellow light for firms that may be inclined to limit investor protections by improperly including adviser-friendly terms that ignore specific FINRA disclosure requirements.
In early 2021, a prohibited transaction exemption (“PTE”) issued by the Department of Labor (“DOL”) took effect that allows qualifying investment advisers to receive conflicted compensation resulting from nondiscretionary fiduciary investment advice.
A recent enforcement action by the U.S. Securities and Exchange Commission (“SEC”) provides valuable insight for firms seeking to prevent improper recognition of revenue, a common type of accounting fraud regulators contend with each year.
Michelle L. Jacko will present on "Compliance Expectations for 2021 (Part 2)" for an exclusive Charles Schwab web series on March 17, 2021. … Read More
Michelle L. Jacko will present on "Be in the Know: SEC Examination Priorities (Part 1)" for an exclusive Charles Schwab web series on February 17, 2021. … Read More
Financial advisers and broker-dealers should conduct thorough and frequent reviews of their clients’ holdings in certain Chinese companies now that a November Executive Order that prohibits new U.S. investments in companies with alleged ties to China’s military has taken effect.
Michelle L. Jacko will present on Be in the Know: SEC Examination Priorities and Compliance Expectations for 2021 for a Schwab Compliance Webinar on February 25, 2021.… Read More
Michelle L. Jacko will present on Tips and Trends to Help Advisers Prepare for SEC Examinations for the 2021 IAA Investment Adviser Compliance Conference on March 4, 2021.… Read More
If you ask the U.S. Securities and Exchange Commission (SEC) which two things Chief Compliance Officers (CCOs) could benefit from most in the coming year, you might be surprised that time and money aren’t at the top of the list.