RIA Compliance and Practice Management Blog

On November 19, 2020, the Securities and Exchange Commission (“SEC”) Office of Compliance Inspections and Examinations (“OCIE”) released a new risk alert regarding registered investment adviser ("RIA") compliance deficiencies related to Rule 206(4)-7, also known as the "Compliance Rule", under the Investment Advisers Act of 1940 ("Advisers Act"). Many of the deficiencies center around inadequate policies and procedures which is the primary document that RIA firms should design, implement, and regularly revise to avoid violating the Compliance Rule. 

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") latest risk alert on the compliance rule, E-signature rules, the Share Class Initiative. Here's our top investment adviser compliance articles for the week of November 13th, 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") latest risk alert on multi branch office risks, the recent growth of the RIA industry, and how beneficial social media can be for advisors. Here's our top investment adviser compliance articles for the week of November 6th, 2020:

On November 9, 2020, the Securities and Exchange Commission (“SEC”) Office of Compliance Inspections and Examinations (“OCIE”) released a new risk alert with new information pertaining to a series of exams conducted that focused on registered investment adviser ("RIA") firms operating from numerous branch offices and with operations geographically dispersed from the adviser’s principal or main office, better known as the “Multi-Branch Initiative.” According to the SEC, "This Initiative focused on, among other things, the assessment of the compliance and supervisory practices relating to advisory personnel working within the advisers’ branch offices."

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") drop in enforcement actions, whether we should hold chief compliance officers ("CCOs") personally liable, and the importance of cybersecurity for investment advisors. Here's our top investment adviser compliance articles for the week of October 30th, 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 ("Reg BI") roundtable, implementing zero-trust cybersecurity, and what a post-COVID world may look like for advisors. Here's our top investment adviser compliance articles for the week of October 23rd, 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 successful use of video by advisors, the Securities and Exchange Commission ("SEC") still finding omissions of disciplinary history on Form CRS, and what should be considered when deciding to go independent. Here's our top investment adviser compliance articles for the week of October 9th, 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 firms not disclosing disciplinary history on Form CRS, the Certified Financial Planner ("CFP") Board of Standards offering remote testing for the November exam, and a push for consistent regulation of the fee-for-service model. Here's our top investment adviser compliance articles for the week of October 9th, 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 continued complications with the Form CRS, the Securities and Exchange Commission ("SEC") seeing increased enforcement actions during the pandemic, and what is still unknown about Regulation Best Interest ("Reg BI"). Here's our top investment adviser compliance articles for the week of October 2nd, 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 new Private Fund Platform released by RIA in a Box, the Securities and Exchange Commission's ("SEC") concerns surrounding credential stuffing, and why registered investment advisors ("RIA") are reluctant to use the term 'fiduciary'. Here's our top investment adviser compliance articles for the week of September 25th, 2020: