Do you think about “breaking away” from your current firm? Are you considering starting your own Registered Investment Advisor (RIA) or joining an existing RIA? There are so many aspects to consider if you are an adviser looking to make a move: First, evaluate where you are (wirehouse, bank, regional firm, RIA) vs. your future…
It’s almost Halloween, where did 2019 go? I’m still behind and have no costumes for my three boys, but I get things done by my deadline… always! Let’s talk Compliance for the new year of 2020! There is the usual calendar (which I will post), however, I have a quick read prep list for those…
Cheers on a Tuesday (Friday is right around the corner… says the positive optimist in me, lol) The SEC issued some pretty hefty fines in September, click here for detailed press releases on the SEC website. Enforcemnt fines due to: Disclosure failures regarding mutual fund share class selection practices (17 Investment Advisors), Unregistered ICO and…
To download the full report, click here to go to FINRA’s website. Being aware of these areas will help your firm stay in compliance and out of trouble with FINRA! Here’s an snippet of the problem areas; however, there are many more and a detailed explanation in the full FINRA report: Insufficient WSPs (Written Supervisory…
Cheers on a Wednesday evening from Sonja Rae ~ More info on Reg BI and Form CRS (coming June 2020), as if you haven’t heard enough! 🙂 Reference SEC details here. Reference the CHECKLIST here. (as Ice Cube says, “check yo self”…. lol, now I’m really showing my age, ignore that!) As we…
Happy Tuesday… and it’s October, my favorite month, Cheers! This list is by no means exhaustive and know that dates can change a bit, however, I just put together a general reminder of compliance due dates for RIA’s and Hybrids (with a few other items thrown in). If you need additional info, reference the SEC’s…
Most RIA’s have already taken care of their firm in this area, however if your firm needs guidance on this rule, I’ve attached the link to the full SEC press release from March 2019 here and a small excerpt is below. If your firm happens to need guidance in this area, I’ve performed the extensive…
Cybersecurity “chat” from Sonja Rae @ RIA-CCO ~ As taken directly from the SEC’s website cybersecurity is of utmost concern in our industry. Yes we know…. That’s a given! “As markets grow more global and complex, so too are the threats through cyber intrusion, denial of service attacks, manipulation, misuse by insiders and other cyber…