More On Legal & Compliancefrom The Advisor's Professional Library
- Whistleblowers A whistleblower is any individual providing the SEC with original information related to a possible violation of federal securities law. The Dodd-Frank Act established a whistleblower program that enables the SEC to reward individuals who voluntarily provide such information.
- Updating Form ADV and Form U4 When it comes to disclosure on Form ADV, RIAs should assume information would be material to investors. When in doubt, RIAs should disclose information rather than arguing later with securities regulators that it was not material.
NAVA, Inc., the Association for Insured Retirement Solutions, has a new president and CEO, Catherine Weatherford. She will replace Mark Mackey, who announced his resignation from NAVA in January of this year, on September 3. NAVA says that Mackey will remain with the organization over the short term to assist in the transition.
Weatherford previously served as executive VP and CEO of the National Association of Insurance Commissioners (NAIC), a position she held for 12 years. She has more than 31 years of experience in insurance regulation, government and public policy, according to NAVA.
Clifford Jack, chairman of NAVA, said in a release that "Cathy emerged as the clear choice for a number of reasons. During her 12-year tenure as CEO of the NAIC, Cathy helped unite the group's members into one voice and bring the association to the forefront of insurance regulation issues. I am confident in her ability to achieve the same level of success at NAVA while maintaining the organization's progress on key technology, regulatory and trade group partnership initiatives."