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.
Are You Fulfilling Your ‘Mandatory’ Training Requirement?
There is no specific regulatory requirement that says registered investment advisors must provide “mandatory” training to their employees.
Top 10 Compliance To-Do’s for 2012
2011 was a year full of changes for the investment advisory community.
The Large Trader Rule
Just when you thought there couldn’t be any more forms to complete, we have yet another one from our friends at the SEC—the new Form 13H.
Seven Easy Rules for a Safe Policies and Procedures Manual
Compliance doesn’t have to be hard, but some advisors insist on making it so. These seven tips, starting with reading your own documents, will make it easy.