Blog

Summaries and explanations of the latest regulatory compliance announcements, reports and related stories.

Regulatory Briefs Jon Hurd Regulatory Briefs Jon Hurd

SEC Amends How Broker-Dealers Preserve Electronic Records

The Securities and Exchange Commission (“SEC”) voted to adopt amendments to the electronic record-keeping, prompt production of records and third-party record-keeping service requirements. The amendments will align record-keeping requirements with current technological developments to modernize how broker-dealers (“BDs”) preserve electronic records.

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Regulatory Briefs Jonathan Hurd, CAMS Regulatory Briefs Jonathan Hurd, CAMS

SEC Risk Alert - Examinations Focused on the New Investment Adviser Marketing Rule

The compliance date for the new Marketing Rule is November 4, 2022 (“Compliance Date”). Effective on the Compliance Date, investment advisers may no longer choose to comply with the previous advertising and cash solicitation rules. The SEC staff will be withdrawing certain staff statements related to previous advertising and cash solicitation rules effective on the Compliance Date. Advertisements distributed after the Compliance Date will be subject to the new Marketing Rule. Recently, the SEC published a Risk Alert addressing examinations focusing on the new Marketing Rule.

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Regulatory Briefs Jon Hurd Regulatory Briefs Jon Hurd

FINRA Conference 2022 key takeaways

Topics covered include: Continuing Education Changes, Cybersecurity: Emerging Industry Priorities and Threats, Reg Best Interest: Lessoned Learned, Social Media and the Rise of Finfluencers, Remote Supervision, Communications: Compliance and Current Developments, FINRA’s Examination and Risk Monitoring Program, Vendor Management: Due Diligence and Oversight, Senior and At-Risk Investors, Consolidated Audit Trail (“CAT”), and Alternative Investments and Complex Products.

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