October Regulatory Updates from Cari Hopsfenperger at Foreside.

Topics include:

• Mississippi Adopts Model Rule for investment advisor representative (IAR) Continuing Education
• Mark Your Calendars: The IARD and CRD Renewal Programs Have Begun; Renewal Payments Due December 13, 2021:  To get detailed information about the 2022 Annual Renewal Programs, including the complete timeline, payment methods, helpful tips, and FAQs, click the following links:

  FINRA Annual Renewal Overview

  IARD Renewal Program Overview

• Required Reading:  FINRA’s and NFA Notices on Vendor Oversight and Due Diligence
• The SEC Finds Advisors Response to Phishing Attacks, a Day Late and a Dollar Short
• Advisor Experiences the Horror of Failure to Supervise Remote IARs
• Firm Principals Pay the Price for Riskless Principal Trades
• New Technology but Same Old Conflicts
• “Keeping it in the Family” is a Bad Compliance Strategy
• The First of Many Cases on Breach of Duty – IAR Fined and Suspended, and RIA is Punished for Failing to Perform Suitability Analysis

Read more here.

September Regulatory Updates from Cari Hopsfenperger at Foreside.

Topics include:

• SEC Tells Advisors How to Manage Retail Accounts
• Risk Alert – Observations Regarding Fixed Income Principal and Cross Trades by Investment Advisors from An Examination Initiative
• Attention FinOps: FINRA Updates Interpretations of Financial and Operational Rules
• FINRA Adopts New Rule Addressing the Operation of Inter-dealer Quotation Systems
• When Products are This Complicated, Training is Not Enough
• A Day (or a Year) Late and a Dollar Short – SEC Charges 27 Financial Firms for Form CRS Filing and Delivery Issues
• Three Blind Mice – The Latest Trio of Share Class Selection Disclosure Cases
• Classic Example of Suitability Violations Involving Structured Products

Read more here.

August Regulatory Updates from Cari Hopsfenperger at Hardin Compliance Consulting LLC.

Topics include:

• Trading Restrictions Impacting Chinese Military Companies Persist but Modified Under New Executive Order
• Colorado Becomes the Third U.S. State to Pass Comprehensive Data Privacy Act
• SEC Adopts Inflation-Adjusted Threshold for Qualified Clients
• Amended CPO Form-PQR Filing Requirements are Effective
• Keeping Current with Best Execution and Payment for Order Flow
• Changes to Interpretations of FINRA’s Margin Rule
• Private Placement Filing Requirements Updated to Include Retail Communications
• And the Award for Largest Financial Penalty Ever Issued by FINRA Goes to… 
• Auditors Charged with Widespread Private Fund Audit Failures
• TIAA CREF Learns Greed is Not So Good, Paying $97 Million Fine for Disclosure Failures
• SEC Continues to Hammer Advisors on Disclosure Failures in Revenue Sharing Cases
• Does Your Compliance Manual Violate Whistleblower Rules?

Read more here.

June Regulatory Updates from Cari Hopsfenperger at Hardin Compliance Consulting LLC.

Topics include:

• DOL issues Cybersecurity Guidance — The DOL guidance was published in three separate pieces: Tips for Hiring a Service Provider with Strong Cybersecurity Practices, Cybersecurity Program Best Practices, and Online Security Tips for Participants and Beneficiaries.  Contributed by Glenn R. Skreppen, Senior Compliance Consultant
• Updates to State Senior Laws & Resources  — The law firm of Bressler, Amery and Ross, has created and continues to update its Senior and Vulnerable Investors Issues map, with summaries of the requirements for all 50 states. Contributed by Carolyn W. Mendelson, Senior Compliance Consultant
• Form ID Updates
• NASAA Annual Report on State Registered Advisers
• 2021 Cayman CRS (and FATCA) Updates 
• Do Your Options Procedures Need Work?
• Can You Pass This Quiz Regarding the Use of Predispute Arbitration Agreements? 
• SEC Charges Broker-Dealer for Failing to File SARS

Read more here.

April Regulatory Updates from Cari Hopsfenperger at Hardin Compliance Consulting LLC.

Topics include:

• Risk Alert – Division of Examinations’ Continued Focus on Digital Asset Securities
• SEC Presents its 2021 Examination Priorities
• SEC Says New Marketing Rule is “All or Nothing”
• SEC Updates 13F FAQ to Reflect Amended Reg S-T and the Use of Electronic Signatures on EDGAR filings
• Reg Notice 21-10, Private Placement Filer Form
• SEC Publishes Small Entity Compliance Guide on Good Faith Determinations of Fair Value
• Private Fund Manager Blows Private Offering Exemption and Gets Banned from Industry

Read more here.