CFP Fee-Only Guidance

Financial advisors who hold a financial services designation are required to abide by a code of ethics associated with that designation. These financial advisors may not be aware, however, that failure to comply with such ethical standards could lead to a public sanction that any client or prospective client could consider when determining whether to… READ MORE

CCO Transparency in the SEC Spotlight

Every day compliance officers bear the brunt of the pressure to ensure risks are minimized, appropriate products are offered, and regulators are kept happy. Compliance officers meet the challenges of due diligence requirements, regulatory updates, and training and education. They build positive relationships with and field inquiries from regulators and legal entities, and justify budget… READ MORE

New FINRA Rule for Background Checks, Effective July 1, 2015

What’s Happening: Regulators are focused on transparency. Not just in the markets, but in the relationship between firms, reps, and the client. FINRA’s pricey BrokerCheck ad campaign is designed to ensure investors know the background of their reps. Regulators have also been increasing public disclosure requirements. FINRA recently proposed a rule requiring brokerage firms to include… READ MORE

Former NYSE Policymaker Daniel M. Labovitz Joins Oyster Consulting as Managing Director

Financial services consulting firm responds to increased spotlight on trade sector, hires former head of NYSE Regulation Office of General Counsel Oyster Consulting announced today it has hired Daniel M. Labovitz to be the Managing Director of its New York office. The move continues Oyster’s ascent as a regulatory and compliance leader, heightening the firm’s… READ MORE

Filing Deadline Approaches for Form BE-10 for Foreign Investments for Funds and Managers

What’s Happening: In 2014, the U.S. Department of Commerce’s Bureau of Economic Analysis (BEA) reinstated mandatory reporting of U.S. investment s abroad through Form BE-10 (2014 Benchmark Survey of U.S. Direct Investment Abroad). While the information the BEA collects is used to analyze the performance of the U.S. economy, the information submitted is confidential. The… READ MORE