150 Questions for Your Compliance Program
Are you familiar with the 150 questions the SEC has drafted for Advisers to review for their compliance program? How do you organize and address all of this information? Review this list and then consider how Avery by RegVerse can improve your compliance program.
Are You Ready for T+1 in 2024?
The standard settlement cycle will change in May 2024 from two business days after the trade date (T+2) to one (T+1). Are you ready to update your policies and procedures and will your computer systems be up to date? Take a look at our recommended steps to begin preparation.
Mandatory Arbitration Clause Scrutiny
Investor advocates are urging the SEC to prohibit registered investment advisors from including mandatory arbitration clauses in client contracts. They contend that these clauses restrict the ability of affected investors to recoup losses and constitute a violation of an RIA’s fiduciary responsibility.
Does your compliance program incorporate professional skepticism?
Does your compliance oversight include the concept of professional skepticism? Read the latest statement from the SEC to understand what is being asked of auditors in how they approach their duties when they audit RIAs. Could your compliance program benefit from Avery by RegVerse to meet this standard?
Are you concerned about CCO Liability?
The personal liability a Chief Compliance Officer has come under scrutiny as many of us struggle to stay informed and engaged as the new developments within the regulatory landscape continues to shift.
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2024 SEC Exam Priorities
In October, the SEC released its examination priorities for 2024. Broadly, the SEC will prioritize areas that pose emerging risks to investors or the markets. Focus areas include marketing practices, conflicts of interest, operational resiliency, and emerging financial technology.
Bitcoin ETFs and Your ADV
Now that you have the ability to offer your clients Bitcoin ETFs, have you considered updating your ADV? These ETFs provide direct exposure to bitcoin through either spot prices or bitcoin futures which brings nuanced risk clients may not have experienced.
RegVerse Newsletter (January 2024)
Kickstart the year with crucial updates from the SEC on cybersecurity disclosure rules, insights on annual Form ADV updates, the latest in RIA compliance (plus a helpful checklist for starting a new RIA), info on the proposed AI Rule, and other top industry news.
Is Your Firm Prepared to Avoid Disruption?
With natural disasters, cybersecurity risks, and infrastructure failures growing more frequent and more intense, what can an RIA do to ensure business continuity for their organization and for their clients?
SEC Proposed AI Rule
The Securities and Exchange Commission (SEC) has proposed new rules under 17 CFR Parts 240 and 275 that would require broker-dealers and investment advisers to take certain steps to address conflicts of interest associated with their use of predictive data analytics (PDA) and covered technologies to interact with investors.
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