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.
- RIAs and Customer Identification Just as RIAs owe a duty to diligently protect their clients privacy and guard against theft, firms also play a vital role in customer identification. Although RIAs are not subject to an anti-money laundering rule, securities regulators expect advisors to address these issues in their policies and procedures.
The Department of Labor Employee Benefits Security Administration (EBSA) and the American Institute of Certified Public Accountants (AICPA) recently launched a new, interactive website to help small businesses select a retirement plan for their employees.
The website, “Choosing a Retirement Solution for Your Small Business,” is available at http://www.choosingaretirementsolution.org/.
Jim Metzler, AICPA’s vice president of small firm interests, said in a statement announcing the web site's release that “the economic turmoil of the past two years has underscored the importance of sound retirement plans for employees of small businesses.”
Through the website, employers have access to a number of retirement plan options from “a simpler individual retirement account-based plan to the more sophisticated automatic enrollment 401(k) plan,” the release states. The website also describes the advantages and features of various retirement plans, the release notes, and “even businesses with as few as two employees will find options using this new online tool.”