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Background Checks

Mistakes include failing to understand exactly what the adviser's buying
The SEC has upheld a FINRA panel’s decision to suspend the CCO of a Syosset, New York-based broker-dealer for four months for failing to disclose ...
Background checks are a critically important tool in the arsenal of firms serving as gatekeepers to protect their firm’s investors from “bad actors.” Screening failures ...
It’s a tight labor market for compliance officers but an open mind—and a few, key focused questions—might just help you build your A-Team.   “One ...
Investment advisers have to do a better job of disclosing their employees’ disciplinary records, a new OCIE risk alert says. OCIE staff conducted more than ...
Don’t just take the word of any applicant about the person’s disciplinary history. Investigate whether the person’s being honest about past troubles. This is one ...
Don’t just take the word of any applicant about the person’s disciplinary history. Investigate whether the person’s being honest about past troubles.   This is ...
Failing to perform adequate background investigations was a common exam deficiency noted by FINRA last year. The issue appears to have carried over into this ...
Recently, we gave you tips for spotting a troubled past in a prospective employee or monitoring one with a disciplinary record after their hiring (IA ...
It’s been more than a year since FINRA mandated background checks for registered reps for the first time (IA Watch, Feb. 5, 2015). By all ...
Many small B-Ds will have to strengthen checks of registration applicants under an SEC-approved FINRA rule that goes into effect July 1. And though the rule only ...
Mark May 15th on your calendar. That's the deadline Massachusetts securities officials have set to receive comments about their new proposal to amend the commonwealth's ...
Click here to download a Word document that is a due diligence checklist courtesy of Vista360 in Milwaukee. Reprinted with permission of Vista360.
Click here to download a Word document that is an initial and ongoing due diligence checklist courtesy of NorthPoint Compliance in Red Bank, N.J.
An example of elements to fold into subadviser agreements from a 2010 Board Oversight of Subadvisers report by the Independent Directors Council.
A sample compliance certification for a subadviser relationship from a 2010 Board Oversight of Subadvisers report by the Independent Directors Council.
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