United States

Jason Wallace

IA BRIEF: SEC weighs FINRA’s approach to testimonials in seeking to modernize ad rule

Apr 17 2019

NEW YORK(Thomson Reuters Regulatory Intelligence) - U.S. Securities and Exchange Commission's policy makers are considering ways to modernize its rules on investment-adviser advertising, and looking to an industry self-regulator as a potential model.

IA BRIEF: Advisers have gotten 'fair warnings' about fees

Feb 14 2019

NEW YORK (Thomson Reuters Regulatory Intelligence) - Investment advisers have been given fair warning about the risks and compliance considerations related to advisory fees.

Reducing the greatest cyber security risk -- the one from within

Jan 29 2019

NEW YORK(Thomson Reuters Regulatory Intelligence) - The greatest cyber security risk to an investment advisory firm may be its staff, therefore a training and education program that addresses relevant cyber threats is vital.

Unauthorized electronic communication draws suspension, fine in FINRA case

Dec 18 2018

NEW YORK(Thomson Reuters Regulatory Intelligence) - In Financial Industry Regulatory Authority's (FINRA's) most recent disciplinary report, a case involving a registered representative's use of unauthorized electronic communications leads to a fine and temporary suspension.

IA BRIEF: Trade-data analytics help firms detect insider trading and policy violations

Sep 19 2018

SAN DIEGO/NEW YORK (Thomson Reuters Regulatory Intelligence) - Testing is a key attribute of an advisory compliance program, and examination of trading data is one element of testing that can protect a firm from unnecessary risk.

IA BRIEF: As electronic messaging spreads, advisers need defined policies

Sep 04 2018

NEW YORK(Thomson Reuters Regulatory Intelligence) - The practice of electronic messaging expanding among registered investment advisers and firms must clearly define how they approach the use of services, platforms and permitted devices.

For 2018 training combine firm-specific issues, "hot topics"

Jan 08 2018

NEW YORK (Thomson Reuters Regulatory Intelligence) - The end of the year is often when investment adviser compliance departments plan for representative training for the coming year. Adviser training must reflect the firm's unique operations and population of representatives, but it must also reflect broader compliance matters in the industry. A training plan that incorporates both firm-specific issues and "hot topics" will not only reduce regulatory risk on many fronts but promote a culture of compliance and risk management within the firm.

October brings increased performance record keeping requirements

Oct 05 2017

NEW YORK (Thomson Reuters Regulatory Intelligence) - October brings changes to the amount of information investment advisers must disclose on the Form ADV, and it also brings a revision to record keeping requirements for advisers offering performance data for clients.

U.S. advisers already prepping for proposed business continuity, transition rules

Aug 23 2017

NEW YORK (Thomson Reuters Regulatory Intelligence) - Many investment advisers have already taken steps to comply with a 2016 Securities and Exchange Commission rule proposal(http://www.complinet.com/global-rulebooks/display/display.html?rbid=1153&element_id=77633) to enhance adviser written business continuity and transition plans, an industry survey found.

Back to basics: vital elements of an adviser gift policy

Jun 20 2017

NEW YORK (Thomson Reuters Regulatory Intelligence) - For investment advisers giving and receiving client gifts is a rather ordinary practice, but one that can greatly increase regulatory risk.

World News

India's Modi stuns opposition with huge election win

Indian Prime Minister Narendra Modi scored a dramatic election victory on Thursday, putting his Hindu nationalist party on course to increase its majority on a mandate of business-friendly policies and a tough stand on national security.