Category Archives: Compliance

OCIE Lists Privacy Blunders; SEC Explains When Digital Assets become Securities; Ohio Mandates IARs and RR to Report Elder Abuse; FINRA Gives Broker an “F” in Email Review; and Google Searches Don’t Count as Due Diligence

Regulatory Updates from Jaqueline Hummel at Hardin Compliance Consulting LLC.

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Understanding fiduciary investment advice regulations

By all accounts, 2019 will see the advancement of a number of fiduciary and best interest investment advice regulations at both the federal and state levels. Firms subject to these regulations will face challenges in dealing with rules that will impose a host of new obligations, and that may overlap and conflict with one another. Eversheds Sutherland has developed a chart that is intended to help firms take stock of the evolving framework and aid firms in putting the pieces together.

Find the chart here

SEC Asks for Help Understanding Digital Assets and Custody Rule, FINRA Issues FAQs on 529 Self-Reporting Request, and New Testing for Swap Traders

Regulatory Updates from Jaqueline Hummel at Hardin Compliance Consulting LLC.

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How I Learned to Stop Worrying and Learned to Love Form ADV

After last year’s material amendments to the Form ADV, investment advisers can breathe a sigh of relief; the SEC made no changes to the form this year. That said, completing the Form ADV remains a major data-gathering project with important regulatory implications. So, take a few deep cleansing breaths and read our tips for completing your annual update.

Read More Here.

New BD IA Fiduciary Rules Proposed by Nevada

On January 18th, Nevada’s Office of the Secretary of State, Securities Division, released draft regulations pursuant to the amended Nevada financial planner statute.  The proposed new fiduciary rules are open for comment until March 5th.

This Morgan Lewis LawFlash outlines the key provisions in Nevada’s draft regulation and discusses, among other topics, when the regulation would be effective, when fiduciary duty would apply, and what conduct would be considered a fiduciary breach under the proposal.