More On Legal & Compliancefrom The Advisor's Professional Library
- Risk-Based Oversight of Investment Advisors Even if the SEC had a larger budget and more resources, it is doubtful that the Commission would have the resources to regularly examine all RIAs. Therefore, the SEC is likely to continue relying on risk-based oversight to fulfill its mission of protecting investors.
- Preventing and Dealing with Client Complaints Although the SEC has not provided specific guidance on how client complaints should be handled, a firms policies and procedures should provide clear direction how to do so, as neglecting complaints can exacerbate a bad situation.
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."