The award-winning Avery platform now includes Fusion1 - a comprehensive suite of AI-enabled automated workflow tools to increase the reliability and accuracy of RIA and Broker-Dealer compliance and surveillance programs
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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?
Below is a comprehensive checklist of the essential information that you should familiarize yourself with to ensure full compliance of your new RIA firm with the appropriate governing bodies. Regardless of where you are in the process, the following are key factors that warrant careful examination.
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Did you know the SEC has changed your annual compliance program requirements for 2024? The SEC did so by adding just 4 words – "and document in writing" – to the Compliance 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.
The SEC requires registrants to disclose material cybersecurity incidents they experience and to disclose on an annual basis material information regarding their cybersecurity risk management, strategy, and governance.
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The adoption of AI raises important questions about responsible AI and its role in ensuring compliance excellence in the financial services industry.
Recognizing the dynamic nature of regulations and the increasing complexities involved, the adoption of automated solutions for various aspects of the compliance workflow has emerged as a game-changer.
2023 was the breakout year for generative AI and according to McKinsey & Company, all kinds of industries are increasing their exposure to AI tools, including financial services and wealth management.
Avery by RegVerse, the regulatory co-pilot, is designed to offer 24/7 personalized regulatory and enforcement action insights to minimize risk of non-compliance, all while saving time and money for SEC, FINRA and State Board regulated firms.
As wealth management continues to evolve, data privacy and governance have become crucial topics. These concerns not only pose significant compliance risks for your firm but also demand increasing attention and dedication.
As the wealth management industry becomes more regulated and stringent standards for privacy and data security are enforced, effective compliance programs addressing data privacy risks are essential for wealth managers.
Wealth management firms can gain numerous advantages from utilizing Regtech. It allows you to automate compliance procedures, enabling your business to meet regulatory obligations in various regions.
Laptop security is essential for wealth management as many professionals don’t just work from the office. Meetings where you take your laptop raise particular risks. Consider a clean desktop policy in addition to your suite of policies and procedures.
Do the headlines scare you away from reviewing how AI can enhance your compliance program? Responsible AI can put you ahead of the curve in monitoring and detection. Embracing the technology ahead of the curve will put your company on the path to a resilient compliance program.
Do you know the difference between general GPT models and custom AI models? Knowing the basic differences can help you decide how you can benefit from using AI in wealth management. Don’t let the rest of the world benefit from AI while you sit on the sidelines.
As a state RIA are you aware you have to file a BOI with FinCEN? While SEC registered RIAs are exempt, state RIAs are not. Read here for more information on how to file for 2024.
Do you understand the different types of Artificial Intelligence (AI)? Let us help you learn more about the types of AI and how they are used.
Avery by RegVerse and NIST are here to reassure you that AI can be added to your compliance program responsibly. Read and review the parameters NIST has developed so you are able to review programs for trustworthiness.
FinCen has proposed a new rule to combat AML threats in the Investment Adviser Sector. We encourage RAs to review this notice as the comment period is available until April 15, 2024. RAs should consider the operational impacts to their practice should this rule be approved.
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.
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.
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 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?
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.
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.
Surge Ventures Achieved SOC 2 Type II certification, it's a major achievement for Surge Ventures! It shows the company’s dedication to high-security standards and operational excellence, assuring clients and partners that their data is well-protected.
We are thrilled to share some exciting news—RegVerse, a flagship product of Surge Ventures, has been honored as a finalist in the prestigious ThinkAdvisor Luminaries Awards 2024!
The award-winning Avery platform now includes Fusion1 - a comprehensive suite of AI-enabled automated workflow tools to increase the reliability and accuracy of RIA and Broker-Dealer compliance and surveillance programs
Exciting news just in! RegVerse has been named a finalist in the prestigious Wealth Management Industry Awards 2024. This accolade underscores our team's unwavering commitment to innovation and excellence. It's a testament to the dedication and hard work poured into every aspect of our efforts.
Most cybersecurity policies start out life as a boilerplate or generic document. In the policy sample above, it would not be unreasonable for a firm with a dedicated Windows administration team managing an Active Directory environment to review access every 90 days. So, if your boilerplate document was targeted toward such a firm, such a requirement may well be in your policy.
Financial services, information technology (IT), and healthcare - are subject to a plethora of intricate regulations and compliance frameworks, because of their corresponding effects on the financial business sector, dynamic digitization project implementation-based economy, and the health infrastructure.
Ensuring compliance with the Securities and Exchange Commission (SEC) requirements is critical. One of the key elements in maintaining transparency and protecting investors is the accurate filing and updating of Form ADV
SEC has imposed a new cybersecurity regulation, the goal of this regulation is to ensure that investors are promptly informed about potential risks that could affect their investments.
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info@surgeventures.com
