The Compliance Digest

Get expert compliance tips and up-to-date regulatory news.

FINRA Fines Increase by 43% in 2020

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

Five CE Methods for Each Stage of the Sales Funnel

In this article, we share how the various continuing education (CE) delivery methods can be utilized to attract advisors at all stages of the sales funnel. Is your goal to attract more leads? Convert more new business? Or retain loyal customers? No matter where they are in their buyer journey, we have the tools you need to transition cold leads into brand loyalists.  Read More

“Spring Clean” Your CE Program with These Four Tips

QuestTrak is the perfect tool for organizing, managing, implementing, and tracking all things related to your firm’s continuing education (CE) program. However, like your home, your account may need a good “spring cleaning” every now-and-again. Not only that, but this time of year is perfect for getting your account prepped for any upcoming CE events. Read More

10 Things to Know About NASAA’s New CE Rule

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

Virginia Passes Consumer Data Protection Act

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

SEC Releases Top Eight Exam Priorities for 2021

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

How to Multiply your Reach with *Recorded* Webinars

Although it’s always the goal to fill the seats for you live webinar, the allure of your content shouldn’t stop after the live session. Keep the webinar top-of-mind by giving advisors the option to earn designation CE credit just for tuning into your recording. Read More

CFP Board Looks to Revise Sanction Guidelines

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

FINRA Releases 2021 Exam Priorities Letter

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

Do you have one of the “worst” passwords of 2020?

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