RIA Compliance and Practice Management Blog

Top RIA Compliance News Articles for the Week of November 10, 2017

Posted by RIA in a Box

Nov 17, 2017 2:08:03 PM

SEC cybersecurity RIA firms

Each week we’re giving you our weekly report highlighting the top compliance news articles from various industry news publications. We have selected the most relevant and important news articles related to registered investment adviser ("RIA") compliance and regulatory issues. This week's recap focuses on the number of Securities and Exchange Commission ("SEC") enforcement cases, the Department of Labor ("DOL") fiduciary rule, and the steps to take when starting an RIA firm. Check back each week for the latest list of top stories.

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Top 2017 NASAA RIA Compliance Deficiencies: Contracts

Posted by RIA in a Box

Nov 16, 2017 6:12:09 PM

2017 state investment adviser compliance deficencies: contracts

Last month, the North American Securities Administrators Association ("NASAA") released its 2017 Investment Adviser Coordinated Examinations Report. The biannual report is a must read for registered investment adviser ("RIA") firms. As RIA compliance consultants, we recommend that the Chief Compliance Officer ("CCO") of all investment advisory firms review the regulatory exam summary report to determine if any compliance changes need to be implemented at their firm.

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Top RIA Compliance News Articles for the Week of November 3, 2017

Posted by RIA in a Box

Nov 10, 2017 2:32:32 PM

SEC cybersecurity RIA firms

Each week we’re giving you our weekly report highlighting the top compliance news articles from various industry news publications. We have selected the most relevant and important news articles related to registered investment adviser ("RIA") compliance and regulatory issues. This week's recap focuses on cybersecurity, the Department of Labor ("DOL") fiduciary rule, and the industry definition of "fiduciary". Check back each week for the latest list of top stories.

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Top 2017 NASAA RIA Compliance Deficiencies: Books and Records

Posted by RIA in a Box

Nov 8, 2017 3:51:52 PM

2017 state investment adviser compliance deficencies: books and records

Last month, the North American Securities Administrators Association ("NASAA") released its 2017 Investment Adviser Coordinated Examinations Report. The biannual report is a must read for registered investment adviser ("RIA") firms. As RIA compliance consultants, we recommend that the Chief Compliance Officer ("CCO") of all investment advisory firms review the regulatory exam summary report to determine if any compliance changes need to be implemented at their firm.

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Topics: RIA Compliance

Top RIA Compliance News Articles for the Week of October 27, 2017

Posted by RIA in a Box

Nov 3, 2017 1:34:32 PM

Morgan Stanley leaves broker protocol for breakaway advisors

Each week we’re giving you our weekly report highlighting the top compliance news articles from various industry news publications. We have selected the most relevant and important news articles related to registered investment adviser ("RIA") compliance and regulatory issues. This week's recap focuses on cybersecurity, the Department of Labor ("DOL") fiduciary rule, and continued growth of the RIA industry. Check back each week for the latest list of top stories.

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New SEC Form ADV RIA Custody Rule Guidance Applies as of October 1, 2017

Posted by RIA in a Box

Oct 31, 2017 9:45:00 AM

RIA Form ADV Item 9 custody rule standing letters of authorizationWhile separate from the SEC's new Form ADV filing requirements which took effect on October 1, 2017, registered investment adviser ("RIA") firms may also need to update Item 9 on their Form ADV Part 1 related to new guidance on complying with Rule 206(4)-2 ("Custody Rule") as it relates to the use of standing letter of authorization ("SLOA") for a client. In a recent no-action letter, The SEC staff notes "with the next annual updating amendment after October 1, 2017, an investment adviser should include client assets that are subject to a SLOA that result in custody in its response to Item 9 of Form ADV."

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Top RIA Compliance News Articles for the Week of October 21, 2017

Posted by RIA in a Box

Oct 27, 2017 3:42:45 PM

Peter Driscoll named head of RIA examination unit

Each week we’re giving you our weekly report highlighting the top compliance news articles from various industry news publications. We have selected the most relevant and important news articles related to registered investment adviser ("RIA") compliance and regulatory issues. This week's recap focuses on the Department of Labor ("DOL") fiduciary rule, the new SEC ("Securities and Exchange Commission") head of examinations, and a new SEC enforcement initiative. Check back each week for the latest list of top stories.

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The 2017-2018 Annual RIA Firm Registration Renewal Season Has Arrived

Posted by RIA in a Box

Oct 24, 2017 4:00:26 PM

RIA firms are required to file an annual registration renewal filing and Form ADV annual amendmentOn November 13, 2017, the preliminary renewal statement for every registered investment adviser ("RIA") firm will be posted on the Investment Adviser Registration Depository ("IARD") website. A firm’s failure to pay renewal fees to the proper jurisdiction(s) will result in the termination of the firm’s registration. It's also important to note that renewal statements are not mailed to firms as statements are only available online via the IARD website. Even if an RIA firm was first registered in 2017, the investment advisory firm is still required to pay the proper renewal fees this year.

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Top RIA Compliance News Articles for the Week of October 14, 2017

Posted by RIA in a Box

Oct 20, 2017 2:14:12 PM

Declining number of broker dealer firms

Each week we’re giving you our weekly report highlighting the top compliance news articles from various industry news publications. We have selected the most relevant and important news articles related to registered investment adviser ("RIA") compliance and regulatory issues. This week's recap focuses on the Department of Labor ("DOL") fiduciary rule, recent custody guidance, and the decline in broker dealers over the last 15 years. Check back each week for the latest list of top stories.

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Topics: RIA Compliance

NASAA Releases Cybersecurity Checklist for RIA Firms

Posted by RIA in a Box

Oct 17, 2017 1:26:12 PM

NASAA investment adviser information security checklistRecently, the North American Securities Administrators Association ("NASAA") released its 2017 Investment Adviser Coordinated Examinations Report. In addition to revealing its biennial report, NASAA also released a detailed cybersecurity checklist for registered investment adviser ("RIA") firms. As RIA compliance consultants, we recommend that the Chief Compliance Officer ("CCO") of all investment advisory firms review this checklist to determine if new practices should be implemented or existing practices changed as it relates to the firm's information security program.
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Topics: RIA Compliance

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