DOL Rule: Is That All There Is?
But make sure, RIAs, you're complying with the DOL's Advisory Opinion 2005-23A when providing rollover recommendations to plan participants.
SEC Proposes New Rule to Require Business Continuity Plans
Under the rule, it would be unlawful for an RIA to provide investment advice if it does not adopt a BCP and review it annually.
How to Comply With DOL's BICE
The BICE allows fiduciaries to receive various forms of compensation that, in the absence of an exemption, would not be permitted under ERISA and the Internal Revenue Code.
Prohibited Transactions in a Post-Fiduciary Rule World
Advisors can directly or indirectly be on the wrong side of DOL's rule — and they can be held personally liable.
‘Top-Down Compliance’ Isn’t Just a Buzzword
An advisory firm must be able to demonstrate how it educates all its staff members on compliance-related matters, the SEC says.
Can Advisors Disclose Away 12b-1 Fee Conflicts?
So-called 12b-1 fees are paid by a mutual fund out of a fund's assets to cover distribution expenses and sometimes shareholder service expenses.
New Law Eases Advisors’ Disclosure Burden
Can this be true? A law that reduces an advisor's regulatory burden? Believe it or not, the answer is yes!
Is Your Advertising Prohibited?
Under Rule 206(4)-1(a)(1) of the Investment Advisers Act of 1940, advisors may not use client testimonials, directly or indirectly, in their advertising.
Advisors, Own Your Compliance
It has become increasingly more apparent that the SEC's position is that a firm must show it “owns” its compliance program.
How to Fix the SEC Exam Process
The Securities and Exchange Commission's examination process is broken — always has been and unfortunately continues to be.