Guest Columnist Les Abromovitz

Recent SEC enforcement actions make annual policies and procedures exams even more important

Les Abromovitz: An RIA should have ready access to current contact information for clients, employees, regulators, custodians, and service providers.

National Compliance Services

Les Abromovitz

<p>The past two years have been some of the most momentous in the relatively short history of the RIA profession. Legislators and regulators have been gradually embracing the fiduciary standard, though whether it will fully apply to everyone calling themselves advisors remains to be seen.</p>

<p>The Department of Labor’s crusade to lower costs and increase transparency in retirement plans means a spate of new regulations affecting advisors and brokers in that market. Dodd-Frank Financial Reform, meanwhile, continues to unroll across the profession, with the biggest change being a shift to state oversight of RIAs with less than $100 million AUM. In this section, you’ll find continually updated RIABiz.com coverage on all these topics.</p>

RIA Compliance

Sprucing up your compliance manual early and often can prevent the SEC leaving coal in your Christmas stocking

Recent SEC enforcement actions make annual policies and procedures exams even more important

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November 18, 2022 at 2:56 AM

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