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Top RIA Compliance News Articles for the Week of February 19th, 2021

Posted by RIA in a Box

Feb 26, 2021 3:56:31 PM

Top RIA compliance articles focus on New York registration rules, state regulators' subscription fee concerns, and e-communication regulatory risks.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 New York's latest registration rules, state regulators' concerns regarding RIA subscription fees, and increased regulatory risks that come with e-communications.

Here's our top investment adviser compliance articles for the week of February 19th, 2021:

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Topics: RIA Operations, RIA Compliance, RIA Technology

Should You Register Your new RIA Firm with the State or the SEC?

Posted by RIA in a Box

Feb 25, 2021 2:46:57 PM

Where to register your RIA firm

Starting a new registered investment adviser ("RIA") firm is exciting and it’s important that you get the details right from the beginning. In this article, we are going to address the question of where to register your RIA firm - with the state(s) or the Securities and Exchange Commission ("SEC").

Where you register depends on a number of factors. The most common is your firm's regulatory assets under management ("AUM")—specifically, firms are generally sorted based on whether they fall above or below the $100 million AUM mark. 

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Topics: RIA Operations, RIA Compliance, RIA Technology

Top RIA Compliance News Articles for the Week of February 12th, 2021

Posted by RIA in a Box

Feb 19, 2021 3:10:49 PM

Top RIA compliance articles focus on the Securities and Exchange Commission's Advertising Rule and increased investigative empowerment for SEC staff.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's ("DOL's") new fiduciary rule, the foreseeable return of in-person conferences, and marketing and business development opportunities on Instagram.

Here's our top investment adviser compliance articles for the week of February 12th, 2021:

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Topics: RIA Operations, RIA Compliance, RIA Technology

New DOL Prohibited Transaction Exemption May Impact RIA Firms Advising on IRA Rollovers

Posted by RIA in a Box

Feb 15, 2021 10:29:57 AM

DOL investment advice rule applicability to IRA rollovers

On December 18, 2020, the Department of Labor (“DOL”) published a final prohibited transaction exemption titled “Improving Investment Advice for Workers & Retirees.” The exemption clarifies that the DOL may consider IRA rollover advice provided by financial institutions, such as registered investment adviser (“RIA”) firms, to be under its regulatory purview in many circumstances. While many industry observers anticipated that this new exemption for investment advice fiduciaries would be tabled or delayed by President Biden’s administration, instead the DOL issued a release on February 12, 2021 noting that the exemption “will go into effect as scheduled on Feb. 16, 2021.” As such, RIA firms registered both at the state and federal level with the Securities and Exchange Commission (“SEC”) may need to take immediate action to be in compliance with this new exemption.

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Topics: RIA Compliance

Top RIA Compliance News Articles for the Week of February 5th, 2021

Posted by RIA in a Box

Feb 12, 2021 5:00:10 PM

Top RIA compliance articles focus on the Securities and Exchange Commission's Advertising Rule and increased investigative empowerment for SEC staff.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's ("SEC's") advertising rule's impact on small RIA firms, marketing opportunities the rule provides, and the pressure of operational compliance brought on by the increased investigative empowerment for SEC staff.

Here's our top investment adviser compliance articles for the week of January 29th, 2021:

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Topics: RIA Operations, RIA Compliance, RIA Technology

An Update on the Current Status of the new SEC RIA Marketing Rule

Posted by RIA in a Box

Feb 10, 2021 4:36:44 PM

SEC Registered Investment Advisors Ad Rule ChangesOn December 22, 2020, the Securities and Exchange Commission (“SEC”) finalized changes to the Investment Advisers Act of 1940 to adopt a modernized registered investment adviser ("RIA") marketing rule. The new rule creates a single rule to replace the current Advertising (Rule 206(4)-1) and Cash Solicitation (Rule 206(4)-3) rules. New related amendments to the Books and Records Rule (Rule 204-2) and Form ADV were also finalized. The Form ADV will now require RIA firms to provide additional information related to their marketing practices to assist the facilitation of the SEC’s examination and enforcement capabilities.

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Topics: RIA Operations, RIA Compliance

Top RIA Compliance News Articles for the Week of January 29th, 2021

Posted by RIA in a Box

Feb 5, 2021 5:00:31 PM

Top RIA compliance articles focus on the Securities and Exchange Commission's new ad rule, top compliance issues in 2021, and deregulating private markets.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's ("SEC's") focus on dually registered firms, the aftermath of the GameStop stock market frenzy, and whistleblowing.

 

Here's our top investment adviser compliance articles for the week of January 29th, 2021:

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Topics: RIA Operations, RIA Compliance, RIA Technology

2021 Regulatory Trends for RIA Firms

Posted by RIA in a Box

Feb 3, 2021 6:38:21 PM

2021 RIA Regulatory ForecastJust as the industry continues to sprint forward with every piece of new technology, the regulatory landscape for registered investment advisers ("RIAs") continues to shift around us to accommodate these new tools and environments. The last 12 months have seen even faster technology adoption with many RIA firms going remote for the first time to make work possible during the pandemic.

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Topics: RIA Operations, RIA Compliance, RIA Technology

Top RIA Compliance News Articles for the Week of January 22nd, 2021

Posted by RIA in a Box

Jan 29, 2021 4:22:46 PM

Top RIA compliance articles focus on the Securities and Exchange Commission's new ad rule, top compliance issues in 2021, and deregulating private markets.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's ("SEC's") new ad rule, top compliance issues in 2021, and deregulating private markets.

Here's our top investment adviser compliance articles for the week of January 22nd, 2021:

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Topics: RIA Operations, RIA Compliance, RIA Technology

Registered Investment Adviser Compliance Archiving Requirements

Posted by RIA in a Box

Jan 28, 2021 2:08:50 PM

RIA Books and Records: archiving client communications and business activitiesWhen it comes to archiving, the Securities and Exchange Commission ("SEC") and state regulators wants to ensure your registered investment adviser ("RIA") firm never forgets about an email, text, social media post, or any other communication your RIA firm sends that can be received by a client or prospective client.

According to Rule 204-2 of the Investment Advisers Act of 1940, every investment adviser that is registered with the SEC is required to keep true, accurate, and current books and records about its business activities. Those activities include the above mentioned forms of communications.

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Topics: RIA Operations, RIA Compliance, RIA Technology

RIA in a Box LLC is not a law firm, investment advisory firm, or CPA firm. RIA in a Box LLC does not provide legal advice or opinions to any party or client. You should always consult your relevant regulatory authorities or legal counsel if applicable.

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