Securing Your Clients’ Information
Two common themes that have appeared during recent regulatory exams are the integrity of client assets and the integrity of clients’ information.
The Dangers of Complacency on Compliance
It's critical that an advisory firm’s CCO keep abreast of all regulatory and examination changes, but even more critical for senior management to support the compliance process.
18 Critical New Policies and Procedures for 2012–2013
Has your firm updated its policies and procedures to reflect substantive regulatory changes resulting from Dodd-Frank?
4 Causes of Advisory Firm Breakups—and How to Prevent Them
Over the past 20 years, I have been involved in countless disputes and litigations adversely affecting the owners of small, closely held advisory firms.
The New and (Not) Improved Exam Process
Has the examination process changed post-Madoff? You betcha!
Due Diligence: An Advisor’s Obligation
Due diligence—how much is enough?
Fiduciary Duty: Best Execution Obligations
As indicated in last month’s column (see “Fiduciary Duty: Best Practices for Fulfilling Suitability Obligations,” Investment Advisor, June 2012), the United States Supreme Court, in 1963, held in SEC v. Capital Gains Research Bureau Inc. that the Investment Advisers Act of 1940 imposes a fiduciary duty on advisors by operation...
Fiduciary Duty: Best Practices for Fulfilling Suitability Obligations
In 1963, the Supreme Court held in SEC v. Capital Gains Research Bureau Inc. that the '40 Act imposes a fiduciary duty on investment advisors. What are you doing to maintain suitability standards with your clients?
Using Solicitors—Are You Compliant?
More and more SEC advisors are engaging solicitors to generate new business.
How to Pass an SEC Limited Scope Exam
If you can demonstrate how well you're handling risk in an SEC 'mini-exam,' you may be able to delay a full-blown exam for years.