LATEST NEWS & GUIDANCE
10/18/2017 | Content area: Investment Adviser
John Ritter’s first purchase of an IA firm went so well that he took for granted the second one would as well. It didn’t.   “We missed the managerial ...
10/18/2017 | Content area: Broker-Dealer
FINRA requires that you request a Trusted Contact for “each account” of a client 65 years and older under its new senior investor protection rules (BD...
10/18/2017 | Content area: Broker-Dealer
Complex products bring with them special supervision, suitability and rep training obligations.  Volatility-linked exchange-traded products fit square...
10/18/2017 | Content area: Investment Adviser
The modernization and simplification of required disclosures for investment advisers, investment companies and public companies was the order of busin...
10/18/2017 | Content area: Investment Adviser
For SEC nominee Hester Peirce it looks like the long wait for a confirmation hearing on Capitol Hill is almost over.  Confirmation hearings for both P...
10/18/2017 | Content area: Broker-Dealer
How safe is the safe harbor FINRA is promising you under new rule 2165 (financial exploitation of specified adults)?  Jim Wrona, FINRA vice president ...
10/13/2017 | Content area: CPO/CTA
Only days after CFTC Chairman J. Christopher Giancarlo told Congress that his agency was running into some tensions with regulators in Europe, the age...
10/12/2017 | Content area: Investment Adviser
Good luck shined on Jeffrey  Ingalsbe just when the chief information security officer at Flexible Plan Investments ($1.6B in AUM) in Bloomfield Hills...
10/12/2017 | Content area: Investment Adviser
Much attention has focused of late on the hack of the SEC, the same entity that OCIE examiners would ask you to upload your documents to during an exa...
10/12/2017 | Content area: Broker-Dealer
Under FINRA’s new senior investor protection rules, it’s clear that the new Trusted Contact requirement applies only to non-institutional customer acc...
10/12/2017 | Content area: Investment Adviser
Nearly three years after the SEC charged Howard Present, CEO of the ill-fated advisory firm F-Squared Investments, a federal jury has found Present li...
10/12/2017 | Content area: CPO/CTA
Lawmakers questioning CFTC Chairman J. Christopher Giancarlo Oct. 11 about his plans for the agency asked about cybersecurity, relations with Europe, ...
10/12/2017 | Content area: Investment Adviser
You no doubt have heard it yourself. Experts from the FBI to the SEC to your neighborhood cybersecurity vendor have recommended financial services fir...
10/12/2017 | Content area: Investment Adviser
Only part of the Labor Department’s controversial fiduciary duty rule took effect in June and the Consumer Federation of America says brokers are eith...
10/12/2017 | Content area: Broker-Dealer
The SEC approved Oct. 5 FINRA’s rule proposal to streamline competency exams and expand opportunities for prospective securities professionals seeking...
10/12/2017 | Content area: Investment Adviser
A New York-based investment adviser reported to his clients last June total assets of at least $21.8 million. Authorities allege the reality was decid...
10/11/2017 | Content area: Investment Adviser
You no doubt have heard it yourself. Experts from the FBI to the SEC to your neighborhood cybersecurity vendor have recommended financial services fir...
10/05/2017 | Content area: Broker-Dealer
The first phase of data reporting for the Consolidated Audit Trail scheduled for the middle of next month coupled with the recent announcement of the ...
10/05/2017 | Content area: Investment Adviser
The complication of answering new Form ADV Item 5.D. (clients) just evaporated. Count your clients the “way you normally” do, according to a new SEC F...
10/05/2017 | Content area: Investment Adviser
Louis Martin Blazer III billed his investment advisory firm as a concierge for professional athletes. But after OCIE examined the firm in 2013, it det...
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