{"id":1187,"date":"2021-11-12T19:12:09","date_gmt":"2021-11-12T19:12:09","guid":{"rendered":"http:\/\/localhost\/?p=1187"},"modified":"2021-11-15T18:33:51","modified_gmt":"2021-11-15T18:33:51","slug":"dol-delays-enforcement-of-fiduciary-obligations-on-rollover-advice-nasaa-2020-enforcement-trends-finra-encourages-aml-program-reviews","status":"publish","type":"post","link":"https:\/\/bdia.pli.edu\/index.php\/2021\/11\/12\/dol-delays-enforcement-of-fiduciary-obligations-on-rollover-advice-nasaa-2020-enforcement-trends-finra-encourages-aml-program-reviews\/","title":{"rendered":"DOL Delays Enforcement of Fiduciary Obligations on Rollover Advice; NASAA 2020 Enforcement Trends; FINRA Encourages AML Program Reviews"},"content":{"rendered":"<p>November Regulatory Updates from\u00a0<a href=\"https:\/\/www.hardincompliance.com\/team\/cari-a-hopfensperger\/\">Cari Hopsfenperger<\/a>\u00a0at Foreside.<\/p>\n<p><strong>Topics include:<\/strong><\/p>\n<ul>\n<li>A reminder about the importance of cybersecurity\u00a0<em>(hygiene, best practices, and vigilance) <\/em>and to\u00a0visit CISA (<a href=\"https:\/\/www.cisa.gov\/cybersecurity-awareness-month\">https:\/\/www.cisa.gov\/cybersecurity-awareness-month<\/a>) for valuable (and free) resources to help you reduce your exposure to these threats<\/li>\n<li><strong><u><a href=\"https:\/\/www.nasaa.org\/59063\/nasaa-releases-annual-enforcement-report-7\/\">NASAA Reports Top Enforcement Trends for 2020:\u00a0 Precious Metals Swindles, Online Investment Scams, Dodgy Private Offerings, and Self-Directed IRA Rip-Offs<\/a><\/u><\/strong><\/li>\n<li><strong>SEC Regional CCO Virtual Outreach<\/strong><\/li>\n<li><strong>DOL Agrees to Back Off on Enforcement of Compliance with ERISA Fiduciary Obligations for Rollover Advice until January 31, 2022<\/strong><\/li>\n<li><strong>The 2022 Renewal Program is Underway<\/strong><strong>.\u00a0 <\/strong>November marks the beginning of the annual renewal cycle for broker-dealers, registered representatives, investment advisors, and investment advisor representatives (IARs)<br \/>\n<a href=\"https:\/\/www.finra.org\/registration-exams-ce\/broker-dealers\/annual-renewal\"><strong>FINRA Annual Renewal Overview<br \/>\n<\/strong><\/a><a href=\"https:\/\/www.iard.com\/renewal-program\"><strong>IARD Renewal Program Overview<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/www.finra.org\/sites\/default\/files\/2021-10\/Regulatory-Notice-21-36.pdf\"><strong>FINRA \u201cEncourages\u201d Members to Consider Updating Their AML Programs<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/www.finra.org\/investors\/learn-to-invest\/brokerage-accounts\/establish-trusted-contact\"><strong>FINRA, NASAA, and SEC Urge Investors to Establish a Trusted Contact to Increase Investor Protection<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/www.sec.gov\/litigation\/admin\/2021\/34-93035.pdf\"><strong>Out of Sight, Out of Mind \u2013 Advisor Continued to Charge Clients Fees for No Services After IARs Departed<\/strong><\/a><\/li>\n<li>\u201c<a href=\"https:\/\/www.sec.state.ma.us\/sct\/current\/sctmassmutual\/MMLIS-Consent-Order-E-2021-0004.pdf\"><strong>Probability of Human Error is Considerably Higher than That of Machine Error\u201d ~Kenneth Appel<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/www.sec.gov\/litigation\/admin\/2021\/ia-5877.pdf\"><strong>A Precarious House of Cards and a Royal Flush of Violations<\/strong><\/a><\/li>\n<\/ul>\n<p>Read more <a href=\"https:\/\/www.foreside.com\/blog\/regulatory-update-november-2021\/\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>November Regulatory Updates from\u00a0Cari Hopsfenperger\u00a0at Foreside. Topics include: A reminder about the importance of cybersecurity\u00a0(hygiene, best practices, and vigilance) and to\u00a0visit CISA (https:\/\/www.cisa.gov\/cybersecurity-awareness-month) for valuable (and free) resources to help you reduce your exposure to these threats NASAA Reports Top Enforcement Trends for 2020:\u00a0 Precious Metals Swindles, Online Investment Scams, Dodgy Private Offerings, and Self-Directed &hellip; <a href=\"https:\/\/bdia.pli.edu\/index.php\/2021\/11\/12\/dol-delays-enforcement-of-fiduciary-obligations-on-rollover-advice-nasaa-2020-enforcement-trends-finra-encourages-aml-program-reviews\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">DOL Delays Enforcement of Fiduciary Obligations on Rollover Advice; NASAA 2020 Enforcement Trends; FINRA Encourages AML Program Reviews<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":90,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,24,21,22],"tags":[],"class_list":["post-1187","post","type-post","status-publish","format-standard","hentry","category-compliance","category-enforcement","category-regulatory","category-standard-of-care"],"aioseo_notices":[],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/1187","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/users\/90"}],"replies":[{"embeddable":true,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/comments?post=1187"}],"version-history":[{"count":0,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/1187\/revisions"}],"wp:attachment":[{"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/media?parent=1187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/categories?post=1187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/tags?post=1187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}