More On Legal & Compliancefrom The Advisor's Professional Library
- Using Solicitors to Attract Clients Rule 206(4)-3 under the Investment Advisors Act establishes requirements governing cash payments to solicitors. The rule permits payment of cash referral fees to individuals and companies recommending clients to an RIA, but requires four conditions are first satisfied.
- The Need for Thorough and Effective Policies and Procedures Whethere an advisor is SEC or state-registered, RIAs must revise their policies and procedures to address significant compliance problems occurring during the year, changes in business arrangements, and regulatory developments.
Furthering its efforts to strengthen its presence in Washington, the CFP Board recently named Marilyn Mohrman-Gillis as its new managing director of public policy. Mohrman-Gillis will start her new position August 18.
As managing director of public policy, Mohrman-Gillis will oversee the
public policy council--made up primarily of CFPs--that the CFP Board is now
building, as CFP Board CEO Kevin Keller revealed to Investment Advisor in a
Mohrman-Gillis, who's held various senior positions during her 30-year career in Washington--namely as a supervising attorney at the Federal Communications Commission, VP for policy and legal affairs at the Association of Public Television Stations, and director of policy and federal relations at the National League of Cities--will be responsible for "developing and overseeing CFP Board's advocacy initiatives to ensure the visability and credibility of the CFP certification with legislators, regulators, and other policy makers," according to the CFP Board.
"Throughout her distinguished career, Marilyn has demonstrated an ability to create and execute focused, coherent, and achievable plans that effectively represented the interests and issues of the organizations she has worked for," Keller said in a statement.