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Compliance Best Practices

A peer shares an LOA that has been successfully used to confirm the registration of accounts at third parties prior to sending wire transfers. This ...
At least annually ask the subadviser to complete a compliance questionnaire, that captures monthly and quarterly data on performance and asks if the subadviser remains ...
The ruckus stirred by the Robinhood fiasco earlier this year also exposes a risk for compliance officers. Could your access persons evade your personal trading ...
The most embarrassing evidence examiners uncovered was firms that prohibited such trades yet were unaware that “these trades had occurred.” The risk alert encourages best ...
Examiners found deficiencies related to inadequate disclosures and compliance programs that failed to measure up. For instance, some advisers didn’t monitor “the trading activity in ...
Krista Zipfel, former CEO/president of Advisor Solutions Group in Newport Beach, Calif., shares her firm's advertising checklist.
Nearly two-thirds of the examined advisers received staff-issued deficiency letters, which addressed the staff’s observations regarding a variety of topics. However, the vast majority of ...
Advisers did not monitor the trading activity in clients’ accounts or their monitoring activities were ineffective
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