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Compliance Best Practices

OCIE examiners may ask an adviser to demonstrate its process for verifying an investor’s status
A peer shares a sample trade allocation policy
A peer shares the firm's form for reporting outside business activity
A peer shares items that should be found within a new client's folder.
Check out this sample of a best execution policy
Leap year means the filing of Form ADV updates moves up to March 30
SEC “staff reminds broker-dealers that the term ‘investment strategy’ ... is to be interpreted broadly”
Documentation is critical when questions arise about suitability
Check out this due diligence questionnaire
“Take your time in producing your data” to examiners, recommends a CCO
Be aware that once things settle down, staff will seek to reach loved ones above anything else
Thanks go to Michael S. Caccese, Chairman of the Management Committee and Practice Area Leader - Financial Services at K&L Gates LLP, for giving us ...
Ask for evidence that the software meets your requirements
Sample what your peers aim to achieve in the new year
Bart McDonald of Renaissance Regulatory Services in Boca Raton, Fla.
Best ex has sat atop the agency’s list of issues for a long time
The report states that firms must “accept the reality that cyber breaches are inevitable”
Mistakes include failing to understand exactly what the adviser's buying
Use this tool to improve your oversight of your firm's advertising
Having an entity test its ability to infiltrate your network stands as a confirmed cybersecurity best practice. However, you may want to ask your vendor ...

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