Category Archives: Standard of Care

Regulatory, Standard of Care, Compliance, Enforcement, International

What’s Next?: Regulatory Update for November 2019

November 4, 2019 BDIA Editors Leave a comment

Regulatory Updates from Cari Hopsfenperger at Hardin Compliance Consulting LLC.

Topics include:

Read the full update here.

Regulatory, Standard of Care, Compliance

Filing Deadlines and To-Do List for November 2019

November 4, 2019 BDIA Editors Leave a comment

Cari Hopfensperger from Hardin Compliance Consulting LLC shares these important deadlines and to-dos:

Regulatory, Standard of Care, Compliance

SEC Regulation Best Interest: Five concrete steps for compliance

October 10, 2019 Clifford E. Kirsch, Editor Leave a comment

On June 5, the U.S. Securities and Exchange Commission (SEC) approved its highly anticipated package of rulemakings and interpretive guidance relating to the standards of care applicable to financial professionals when making recommendations and providing investment advice to retail investors.

Included in this package was the SEC’s new Regulation Best Interest, which will likely require transformative changes for much of the retail brokerage industry.

With an effective date of June 30, 2020, what concrete steps should broker-dealers consider taking as they work toward compliance by the deadline?

The Top Ten Features to Look for in a Compliance Program Management System

September 4, 2019 Jaqueline Hummel Leave a comment

For a compliance officer, finding the right software to manage the compliance program is tough. The initial ask is to find an affordable system that can automate manual processes, allow collaboration and oversight between compliance staff and supervised persons, record compliance testing and monitor results, send reminders when deadlines are looming, and preserve the integrity of your records by incorporating an audit trail. The system should be easy to use, administer and customize.

Current “software as a service” offerings provide affordable, customizable programs that can be used by all types of registered investment advisers, including private equity and hedge fund managers, retail advisers and institutional asset managers.

Read my top ten considerations in selecting a compliance program management system here.

Regulatory, Standard of Care, Compliance, Enforcement