RIA Compliance and Practice Management Blog

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 impacts of the coronavirus ("COVID-19") on RIA firms, business continuity plans ("BCP"), and the latest in Financial Technology ("FinTech"). 

As many registered investment adviser ("RIA") firms consider and revisit their work from home and remote work policies, it is more important than ever to make sure that your firms has the proper systems and business continuity plan ("BCP") in place. Cloud-based software provides the ability to continue running a business in the event of an emergency by allowing access to critical company systems from any location. While we often think about most emergencies as only a day or two, often we don’t consider catastrophic interruptions that may last months. It is important to make sure your BCP addresses those situations. Some considerations when reviewing your BCP should include: (1) communication strategy; (2) regulatory considerations; (3) tech stack; and (4) cybersecurity. Here is a quick breakdown of what to think about in each of the four categories.

One of our company's longstanding commitments is investing time and resources to make the RIA in a Box MyRIACompliance^® platform the industry leading compliance technology offering for registered investment adviser ("RIA") firms. We put the client first by delivering innovative software and expert advice. Since 2005 we take pride in partnering with our clients to establish and support the highest quality registered investment adviser firms in the country.  At RIA in a Box, we release new MyRIACompliance^® software features and enhancements on a daily basis to meet the growing compliance challenges that investment advisers continue to confront. 

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") proposed advertising rule, the importance of an Advisor Preparedness Plan ("APP"), and an update on the Regulation Best Interest ("Reg BI") lawsuit. 

On February 13, 2020, the North American Securities Administrators Association ("NASAA") released a new rule proposal that includes a requirement to implement an investment adviser representative continuing education ("IAR CE") program for investment adviser representatives. In particular, the new proposed IAR CE program would require investment adviser representatives complete 12 total hours of CE with 6 hours centered around Products and Practice with the other 6 hours focused on Ethics and Professional Responsibility. According to NASAA, "The overall goal of the program is to ensure that investment adviser representatives receive continuing education on the securities business relevant to their duties and obligations."  Public Comments on the proposed continuing education program are being accepted through March 30, 2020.

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") Regulation Best Interest Rule ("Reg BI"), including Form ADV Part 3 ("Form CRS"), the SEC's upcoming compliance seminar, and new data privacy regulation in California. 

On January 27th, 2020, the Securities and Exchange Commission ("SEC") Office of Compliance Inspections and Examinations ("OCIE") released: OCIE Cybersecurity and Resiliency Observations. This report identifies industry practices related to managing and combating cybersecurity risks and firms' continuing ability to adapt when faced with cybersecurity threats. These observations are based on thousands examinations of broker-dealers, investment advisers, and other SEC registrants.

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 open application programming interface ("API"), continuing education requirements for investment adviser representatives ("IARs"), and the shifting regulatory landscape.

One 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 MyRIACompliance® 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.

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 proposed continuing education requirements for Investment Advisor Representatives ("IARs"), frequently asked questions ("FAQs") on the Securities and Exchange Commission's ("SEC") regulation best interest rule ("Reg BI"), and cybersecurity.