RIA Compliance and Practice Management Blog

Top RIA Compliance News Articles for the Week of May 10th, 2019

Posted by RIA in a Box

May 17, 2019 3:43:56 PM


cybersecurity platform for 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 RIA in a Box's new cybersecurity platform, the need to invest in compliance, and third-party manager diligence. Check back each week for the latest list of top stories.

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Topics: RIA Operations, RIA Compliance, RIA Technology

Introducing the new MyRIACompliance Cybersecurity Platform

Posted by RIA in a Box

May 15, 2019 9:07:37 AM

RIA cybersecurity platformToday, we announced the official release of our new registered investment adviser ("RIA") cybersecurity platform. As cybersecurity continues to be a top regulatory priority, the new MyRIACompliance cybersecurity platform empowers an RIA firm to efficiently construct, implement, and document a robust cybersecurity compliance program with a single solution. The proprietary platform is designed exclusively for RIA firms of all sizes who face unique people, technology, and third party vendor cybersecurity risks and regulatory requirements. The platform is built upon the National Institute of Standards and Technology ("NIST") information security framework and provides security awareness training, email phishing attack simulation, technology inventory and risk assessment, as well as the ability to build a customized information security policy

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Topics: RIA Compliance, RIA Technology

Top RIA Compliance News Articles for the Week of May 3rd, 2019

Posted by RIA in a Box

May 10, 2019 11:53:59 PM

SEC Robare case use of the word may in Form ADV

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 importance of cybersecurity, progress of the Securities and Exchanges Commission's ("SEC") Regulation Best Interest ("Reg BI") proposal, and digital marketing strategies for advisors. Check back each week for the latest list of top stories.

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Topics: RIA Operations, RIA Compliance, RIA Technology

The Untold Growth of Exempt Reporting Advisers and Private Fund RIAs

Posted by RIA in a Box

May 7, 2019 10:24:19 AM

Total number of SEC-registered exempt reporting advisers and private fund advisers

While there are some individual states that require a private fund adviser to register as an exempt reporting adviser ("ERA") or registered investment adviser ("RIA") at the state level, private fund advisers generally register as an ERA with the Securities and Exchange Commission ("SEC") when managing less than $150 million in private fund assets and register as a SEC-registered RIA when managing $150 million or more in private fund assets. Our recent analysis of publicly available private fund data, including detailed private equity and hedge fund data, published by the SEC reveals that SEC-registered exempt reporting advisers and private funds are perhaps the fastest growing segment of the investment adviser industry. 

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Topics: RIA Operations, RIA Compliance

Top RIA Compliance News Articles for the Week of April 26th, 2019

Posted by RIA in a Box

May 3, 2019 3:25:04 PM

SEC Robare case use of the word may in Form ADV

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 Securities and Exchange Commission ("SEC") Regulation Best Interest ("Reg BI") proposal, malware attacks, and the importance of Form ADV disclosures. Check back each week for the latest list of top stories.

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Topics: RIA Operations, RIA Compliance, RIA Technology

RIA Compliance Software Feature Release: Audit Prep Tool

Posted by RIA in a Box

Apr 30, 2019 9:22:07 AM

online RIA audit prep toolOne of our company's longstanding commitments is investing time and resources to make the RIA in a Box service more valuable to the clients we serve. Since launching MyRIAComplianceTM in 2014, we have sought to make our service more efficient and higher quality by combining our human expertise with new tools and features. At RIA in a Box, we release new compliance software features and enhancements on a daily basis.

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Topics: RIA Compliance, RIA Technology

Top RIA Compliance News Articles for the Week of April 19th, 2019

Posted by RIA in a Box

Apr 26, 2019 4:08:59 PM

SEC Robare case use of the word may in Form ADV

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 use of word "may" in the Form ADV, revisions to the Securities and Exchange Commission ("SEC") Regulation Best Interest ("Reg BI") proposal, and the Financial Industry Regulatory Authority Inc. ("FINRA") focusing on technological innovation. Check back each week for the latest list of top stories.

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Topics: RIA Operations, RIA Compliance, RIA Technology

SEC Risk Alert Flags Reg S-P Privacy Notices and Safeguard Policies

Posted by RIA in a Box

Apr 22, 2019 2:07:26 PM

SEC Regulation S-P risk alert for RIA cybersecurityOn April 16, 2019, the Securities and Exchange Commission ("SEC") Office of Compliance Inspections and Examinations ("OCIE") released a new risk alert reminding registered investment adviser ("RIA") firms of their obligations related to Regulation S-P privacy notices and safeguard policies. According to OCIE, the risk alert "is intended to assist advisers and broker-dealers in providing compliant privacy and opt-out notices, and in adopting and implementing effective policies and procedures for safeguarding customer records and information, under Regulation S-P." The OCIE staff shares their recent observations to urge "registrants to review their written policies and procedures, including implementation of those policies and procedures, to ensure that they are compliance with the relevant regulatory requirements."

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Topics: RIA Operations, RIA Compliance

Top RIA Compliance News Articles for the Week of April 12th, 2019

Posted by RIA in a Box

Apr 19, 2019 9:00:55 AM

SEC Regulation S-P risk alert for 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 new Securities and Exchange Commission ("SEC") Regulation S-P risk alert, New Jersey's new fiduciary rule, and Regulation Best Interest ("Reg BI"). Check back each week for the latest list of top stories.

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Topics: RIA Operations, RIA Compliance, RIA Technology

When does an RIA Firm Managing a Private Fund need to file a Form PF?

Posted by RIA in a Box

Apr 16, 2019 9:08:24 AM

RIA Form PF filing assistanceThe primary regulatory filing requirement for a registered investment adviser ("RIA") firm is the Form ADV. The Form ADV Part 1 and Part 2 is filed via the online Investment Adviser Registration Depository ("IARD") system. However, some RIA firms that advise private funds may also be required to file a Form PF via the IARD system as well. According to the latest publicly available data from the Securities and Exchange Commission ("SEC") Analytics Office, as of the second quarter of 2018, there are presently over 3,000 private fund advisers advising over 30,000 private funds that currently file a Form PF. In this post, we highlight when an RIA firm managing a private fund may be required to submit a Form PF.
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Topics: RIA Compliance

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