Added on October 2017 in Form an RIA
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Summary: The new Securities and Exchange Commission chairman, Jay Clayton, recently testified before Congress that the agency will increase its examinations of investment advisers by 20% in the current fiscal year, and nudge those numbers up a further 5% in fiscal 2018.
Added on October 2017 in Form an RIA
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Summary: On Oct. 1 the SEC stopped accepting any amendments in most instances until firms complete the much more onerous job of filling out its new Form ADV, which includes up to hundreds of new disclosures depending on the size of the firm, says GJ King, president of compliance and software consulting firm RIA in a Box.
Added on October 2017 in Form an RIA
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Summary: When President Trump was elected, some broker/dealers and advisors thought it would usher in an era favorable to financial services, with a pullback in regulatory reach and a return to a “friendlier” legal environment for small businesses.
Added on September 2017 in Form an RIA
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Summary: SEATTLE — Deficiencies found by regulators during their examinations of state-registered RIAs jumped nearly 60% to 7,907 in the first half of the year, and agencies are signaling plans to make advisors accountable for shortcomings in cybersecurity, officials say.
Added on September 2017 in Form an RIA
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Summary: When it comes to technology upgrades, advisors often make the same mistakes their clients do with investments: they buy in the moment, without a plan.
