How RIAs Can Show SEC Examiners They Adequately Manage Risk
When examiners from the SEC or the states come to visit, they’ll want to know you take risk management seriously. Here’s how to get started.
Resolved: FINRA Should Review These 10 Outdated Rules
FINRA should heed the advice of a recent GAO report and revisit these rules, which the authors humbly suggest either no longer work as intended, or have effectively been replaced by other rules or guidance.
In response to the GAO recommendation,
Client Communication and Miscommunication
RIA policies and procedures must specify what type of communications should be retained. The safest course of action is for RIAs to retain all communicationsto clients, from clients, and about client accounts. To comply with fiduciary obligations, communications must be thorough and not mislead.
FINRA to Take Closer Look at Mutual Fund Advertising
Responding to mutual fund companies that charge the regulator fails to consistently communicate new interpretations of existing advertising rules for mutual funds, FINRA says it will change its ways.