It’s Time for your Annual…Renewals: Don’t Forget to Fund your CRD/IARD Account

It’s that time again—the leaves have turned, football pools are in full swing, and FINRA has published its 2016 Renewal Calendar. December 18th is the deadline for Receipt of Preliminary Renewal Payment statements. Firms are required annually to renew their registrations through the Renewal Process, which begins in the fourth quarter of each year. Your… READ MORE

Your CCO Must Be A Strong Leader

Investment advisors, investment companies and broker-dealers must have a Chief Compliance Officer (CCO) to design a compliance program that complies with the rules and regulations that govern your firm. To fulfill their obligation, the CCO needs to be knowledgeable, competent and empowered to do the job. It is vital that your CCO be a leader… READ MORE

SEC Says “Managed Accounts” May Not Provide Safe Harbor from Necessity of Monitoring Personal Securities Transactions for Investment Advisor Employees

In a release published last week, the Division of Investment Management of the SEC issued guidance on the duties of investment advisors (IAs) to monitor personal securities transactions. The SEC pointed out that while a “blind trust” does provide a safe harbor from IAs’ need to monitor personal securities activities, a traditional managed or discretionary… READ MORE