Eversheds Sutherland recently completed its annual review of the disciplinary actions reported by the Financial Industry Regulatory Authority (FINRA) and found that in 2020 the amount of fines, restitution and cases increased compared with 2019, reversing the downward trend from the past few years - even in the midst of the COVID-19 pandemic. Read More

Have you heard about NASAA's new IRA continuing education requirement, but still have questions about when it will go into effect or what type of courses are required? We’ve got ten facts you need-to-know! Read More

On March 2, 2021, Governor Northam signed the Virginia Consumer Data Protection Act (CDPA or the Act) making it the country’s second comprehensive data privacy legislation following California’s Consumer Protection Act of 2018 (CCPA). The law will go into effect on January 1, 2023. Read More

On March 3, 2021, the Securities and Exchange Commission’s Division of Examinations (formerly the Office of Compliance Inspections and Examinations, now either “the Division” or “EXAMS”) announced its fiscal year 2021 examination priorities. Read More

Do you hold the CFP Board's certification? If so, be prepared for future changes regarding the consequences of failing to comply with the CFP Board's Code of Ethics and Standards of Conduct. Read More

This year’s letter focused on broker-dealers’ compliance with Reg BI, Cybersecurity, Communications with the Public, Best Execution and much more! Read More

After analyzing 275,699,516 passwords leaked during 2020 data breaches, NordPass and partners found that the most common passwords are incredibly easy to guess - and it could take less than a second or two for attackers to break into accounts using these credentials. Read More

The new year rings in the most significant changes in U.S. anti-money laundering (AML) law since the enactment of the USA PATRIOT Act and its implementing regulations in 2001. Read More

The new rule (Marketing Rule) replaces two rules under the Advisers Act, rule 206(4)-1 (Marketing Rule), originally adopted in 1961, and rule 206(4)-3 (Solicitation Rule), originally adopted in 1979. The Marketing Rule reflects market, technological and regulatory changes that have occurred since the rules were originally adopted. Read More

Several more states are moving quickly to add a best-interest annuity sales standard to its regulation of insurance products. The latest states to adopt the best-interest model law put forth by the National Association of Insurance Commissioners are Alabama and Michigan. Read More