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FINRA updated their Written Supervisory Procedures Checklist this month. This update can be downloaded from the “Written Supervisory Procedures Checklist” link located at the bottom left of the FINRA link…
Advisers should beware of the following common mistakes made when filing their annual amendment. Overstating or understating your assets under management (Remember you must keep proof of the calculations every…
The North American Securities Administrators Association (NASAA) recently released its annual list of top investor threats. The top threats were identified as: Unregistered products/unlicensed salesmen: The offer of securities by…
When a person outsources their retirement planning to an Advisor do they surrender responsibility for their retirement? Of course not, and similarly, when a firm outsources some or all of…
FINRA has released their 2016 Regulator and Examination Priorities Letter, highlighting three areas of focus for the New Year. Supervision, risk management and controls, and liquidity are sited as overarching…
Effective December 3, 2015, H.R. 601’s “Eliminate Privacy Notice Confusion Act” was passed. This bill, eliminates the unnecessary, redundant and costly annual privacy notice requirement for an institution that: Does…
The SEC is conducting a deep probe of retirement advice. As part of their examination process, the SEC has sent out a 13-page document request to advisors asking how they…
On July 10, 2010 Barak Obama signed The Dodd-Frank Wall Street Reform and Consumer Protection Act into federal law. The law brought numerous changes to the financial services industry. As…
The rules require registered investment advisers to adopt written policies and procedures reasonably designed to protect customer records and information. The SEC has already launched its second sweep in regards…
Bitcoin and other digital/virtual currencies have been a growing topic in media reports and government hearings have been held with focus not only on virtual currency’s potential promise, but also…
Advisors and investors should be cautious when considering three products recently making news: marijuana-related investments, binary options and digital currency. At first glance, marijuana, binary options, and digital currency appear…
Many Advisers are under the impression that voting proxies is no big deal; you receive the ballot and you either throw it away or you cast your vote and mail…
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