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Top RIA compliance news articles for the week of Dec. 16, 2022

Posted by RIA in a Box

Dec 23, 2022 10:15:55 AM

RIA marketing rule

Each Friday, we are 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 some of the top 2022 regulations from the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), the market’s response to a proposed Department of Labor (DOL) rule, a new bill which could require the SEC to allow e-delivery for regulatory documents, potential sweeping market reform from Chair Gensler and a look at the risk and opportunity of cryptocurrency.


Here are our top investment adviser compliance articles for the week of Dec. 16, 2022:

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Topics: RIA Operations, RIA Compliance, RIA Technology

Annual reviews: how your registered investment adviser firm can get it right

Posted by RIA in a Box

Dec 22, 2022 10:58:10 AM

RIA Annual Compliance Meeting (3)

In compliance with Rule 206(4)-7, the Securities and Exchange Commission (SEC) requires investment advisers to conduct annual reviews of their policies and procedures, ensuring the ongoing adequacy and effectiveness of the program. Annual compliance reviews, when done effectively, ensure your program is up to par with regulatory requirements, mitigating potential risk points to protect your firm and its clients.

However, even the best firms can make critical errors during their annual compliance review. To help prevent those problematic pitfalls, we’ve gathered our top pointers on how to avoid common mistakes made during annual compliance reviews. Ready to start reviewing? Let’s dig in.

 

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Topics: RIA Operations, RIA Compliance

How to register as an RIA: Six considerations for RIA registration in 2023

Posted by RIA in a Box

Dec 21, 2022 12:13:15 PM

Where to register your RIA firm-1

You’ve made the decisions to start your own registered investment adviser (RIA) firm. Congratulations! But, now what? There are a multitude of factors to take into consideration when registering your firm, not the least of which is whether your firm will be registered with the state or the Securities and Exchange Commission (SEC). In this blog post, we’ll break down the top six considerations for those RIAs just starting out, highlighting key factors which will be crucial to setting your firm up for success in 2023 and beyond.

 

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Topics: RIA Operations, RIA Compliance

RIA off-channel communications are under increased SEC scrutiny: What advisers should know

Posted by RIA in a Box

Dec 20, 2022 11:25:47 AM

Newsletter Graphics (1)

Communicating with clients is a must for financial advisers – and unsurprisingly the options for maintaining said communication seem to be ever-expanding.

In addition, client expectations for communication are shifting. Although 90% of clients prefer texts over phone calls, 45% of advisers still use phone calls as their primary means of contacting clients while 30% of advisers use email.

 

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Topics: RIA Compliance, RIA Technology

Why some firms are investing in an RIA compliance technology before beginning the RIA registration process

Posted by RIA in a Box

Dec 19, 2022 10:48:58 AM

By the Numbers - Pillar Page Hero Image

As an adviser breaking away from an existing broker-dealer or larger registered investment adviser (RIA) and setting out to establish your own firm, you have quite a lot to decide. Something you may not have considered: whether you should establish your firm and begin the RIA registration process before or after you have invested in an RIA compliance technology.

Recently, some advisory firms have begun investing in and implementing their RIA compliance technology before beginning the process of registering either at the state or federal level. Why? Let’s explore.

 

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Topics: RIA Operations, RIA Compliance, RIA Technology

Top RIA compliance news articles for the week of Dec. 9, 2022

Posted by RIA in a Box

Dec 16, 2022 3:19:32 PM

RIA marketing rule

Each Friday, we are 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) sweeping examinations of its communication and record-keeping regulations, how advisers will approach compliance in 2023, the SEC’s new Regulation Best Execution rule, how firms perceive the SEC’s environmental, social and governance proposed requirements and the SEC’s plans to overhaul the way stocks are traded.

Here are our top investment adviser compliance articles for the week of Dec. 9, 2022:

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Topics: RIA Operations, RIA Compliance, RIA Technology

How to comply with DOL PTE 2020-02 retrospective review requirements

Posted by RIA in a Box

Dec 15, 2022 2:02:51 PM

FinOps

As of Jul. 1, 2022, registered investment advisers (RIA) making rollover recommendations must comply with the Department of Labor (DOL) PTE 2020-02 requirements, which includes retrospective reviews. In this blog, we'll discuss the challenges and opportunities of these new requirements and how RIA firms can better equip themselves to comply with DOL PTE 2020-02 requirements by integrating a compliance technology or software.

 

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Topics: RIA Compliance, RIA Technology

Everything advisers need to know about IAR CE requirements for 2023

Posted by RIA in a Box

Dec 14, 2022 1:57:06 PM

Continuing Education for Registered Reps

Back in November 2020, the North American Securities Administrators Association (NASAA) voted to create a model rule which allows NASAA members to implement continuing education (CE) credit requirements for investment adviser representatives (IAR) in their jurisdictions. This new rule was released in 2022, and a number of states are already implementing the requirements.

 

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Topics: RIA Compliance

Top RIA compliance news articles for the week of Dec. 2, 2022

Posted by RIA in a Box

Dec 9, 2022 3:24:40 PM

RIA marketing rule

Each Friday, we are 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 direct indexing, phishing attacks which are catching advisers off guard, the Securities and Exchange Commission’s (SEC) risk alert about how firms are protecting themselves from identity theft and anticipated regulations for 2023.

Here are our top investment adviser compliance articles for the week of Dec. 2, 2022.

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Topics: RIA Operations, RIA Compliance, RIA Technology

How to develop your RIA’s culture of compliance for 2023 and beyond

Posted by RIA in a Box

Dec 8, 2022 1:49:50 PM

High angle view of young partners discussing in meeting room at creative office

They say no man is an island. A theory which, applies itself quite suitably to a registered investment adviser (RIA) firm’s compliance program.

How?

While your chief compliance officer (CCO) may lead the compliance charge, they should, by no means, be an island unto themselves, solely responsible for the compliance strategy (and success) of your firm. In order to truly remain in compliance with the Securities and Exchange Commission (SEC), as well as state level regulatory bodies, a firm must define and support a culture which prioritizes compliance.

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Topics: RIA Compliance

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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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