National Compliance Officer Day – Not All Heroes Wear Capes

September 27, 2019

Yesterday was the fourth annual Compliance Officer Day, a day to recognize and appreciate the work done by compliance professionals. RIA Compliance Consultants recognizes the 24/7 role demanded of compliance officers and personnel. We would like to thank you for your tireless work at building ethical cultures and helping your colleagues do the right thing. In appreciation to your dedication to compliance, we are offering a 25% discount on all of our Sample Compliance Forms and Compliance Training Webinars. Click here to shop on our online store. The 25% discount will be applied automatically at checkout.

NASAA Releases 2019 Investment Adviser Coordinate Examinations Report

September 25, 2019

Earlier this month, the North American Securities Administrators Association (NASAA) released its 2019 Investment Adviser Coordinated Examinations Report. This biannual report documents the findings from 1,078 routine exams conducted by NASSA on state-registered investment advisers (RIA).

2019 Investment Adviser Compliance Conference Just One Week Away!

September 05, 2019

You only have one week to register for our 2019 Investment Adviser Compliance Conference. There is still time for you to choose to either join us and fellow investment adviser compliance professionals in Omaha, NE on Sept. 11 and 12 or watch our LiveStream broadcast of Day 2 of the conference (Sept. 12) from the comfort of your desk.

Live Compliance Training – It’s not for You, It’s for Your Clients

August 15, 2019

Join RIA Compliance Consultants on Wednesday, September 11 and Thursday, September 12 at the Scott Conference Center in Omaha, NE. Don’t miss this opportunity to learn from industry experts, engage with like-minded peers, and connect with the top leaders in the industry all in the name of the best interest of your clients. Need more convincing?

Nebraska Securities Bureau Proposes New Cybersecurity Rule for Investment Advisers

August 14, 2019

The Securities Bureau of the Nebraska Department of Banking and Finance has proposed a new rule which would require investment advisers to develop and maintain physical and cybersecurity policies and procedures designed to protect client records and information.

SEC Risk Alert – Supervising IARs and Conflicts of Interest Deficiencies

July 31, 2019

On July 23, 2019 the Office of Compliance Inspections and Examination’s (“OCIE”) of the U.S. Securities and Exchange Commission (“SEC”) released a Risk Alert about its assessment of the oversight practices of SEC-registered investment advisers who employ or employed individuals with disciplinary histories. Of the over 50 advisers that were examined, nearly all of the examined advisers received deficiency letters. The OCIE exams did not focus solely on supervisory practices as they relate to the individuals with prior disciplinary histories. Instead, OCIE reviewed the advisers’ supervisory practices firm-wide. OCIE’s findings relate to all investment advisers regardless of whether they have someone with a disciplinary history. The deficiencies identified related to compliance and disclosure issues, including undisclosed conflicts of interest.

Form CRS Relationship Summary/ADV Part 3 FAQ Page Live

July 23, 2019

On June 5, 2019 the U.S. Securities and Exchange Commission (SEC) voted on and approved package of rulemakings and interpretations, that includes the new Form CRS Relationship Summary, also known as the ADV Part 3. The ADV Part 3 is designed to be a short and accessible disclosure for retail investors that helps them compare information about firms’ investment advisory offerings. To help investment advisers understand what will be required by the Form CRS Relationship Summary/ADV Part 3, RIA Compliance Consultants created a new webpage, Form ADV Part 3 FAQs. The page features 25 questions with detailed answers about what will be required by investment advisers on the Form CRS Relationship Summary/ADV Part 3.

SEC Issues Cease-and-Desist Action for Failure to Disclose Conflicts of Interest

July 10, 2019

On July 1, 2019 the United States Securities and Exchange Commission (“SEC”) filed an order instituting administrative cease-and-desist proceedings to an investment adviser firm for allegedly failing to disclose material conflicts of interest.

Form CRS Relationship Summary – ADV Part 3

June 11, 2019

On June 5, 2019 the U.S. Securities and Exchange Commission (SEC) voted on and approved a CRS Relationship Summary also known as the ADV Part 3. The ADV Part 3 is designed to be a short and accessible disclosure for retail investors that helps them compare information about firms’ investment advisory offerings. The relationship summary is intended to inform retail investors about:

SEC Regulation Best Interest & CRS Relationship Summary Vote

June 06, 2019

On June 5, 2019 the U.S. Securities and Exchange Commission (SEC) voted on and approved four rules relating to the proposed standards of conduct rulemaking package that was originally proposed in April 2018. The approved rulemaking package includes: