The Compliance Digest

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

Six Tips for Making a Safe Return to Classroom CE

While the threat of the pandemic isn’t completely behind us, many advising firms and their wholesalers are eager to find ways to safely resume in-person meetings. As you start to plan out future CE events, safety needs to be a top priority. Here are six things organizations should consider when planning for a return to classroom CE events. Read More

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Representative Barred from FINRA for Cheating on CE

According to a recent FINRA disciplinary actions notice, a registered representative from Montpelier Virginia was barred from any FINRA member in all capacities for using an imposter to take his continuing education courses for him. Read More

Are you Due for a Mid-Year Compliance Check-Up?

As you enter the second half of the year, now may be as good of a time as ever for your team to conduct a mid-year compliance check-up to identify any areas that need attention. Need a little inspiration? Here are five focus areas we don’t see falling off your compliance radar any time soon, but especially for the remainder of 2021.   Read More

States Race Forward with NAIC Best Interest Adoption

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

Four KPIs to Measure the Success of your CE Program

A robust CE program comes with its fair share of data, which can sometimes make it tricky to pinpoint the program’s key performance indicators (KPIs) that lead to ROI. To clear up some of the confusion, we’re listing the top four KPIs you should reference when tracking the success of your CE program. Read More

CE Council Releases Q2 Firm Element Advisory

The Securities Industry/Regulatory Council on Continuing Education (Council) recently published its Q2 2021 Firm Element Advisory (FEA). The report features many of the same topics discussed in its Firm Element Advisory from last year. All new material is denoted by a "(New!)" next to the appropriate title.  Read More

FINRA Moves Forward with Annual Regulatory CE

In early June, FINRA filed a proposal with the SEC which would require, among other changes, that the Regulatory Element of continuing education be completed annually rather than every three years and that individuals be able to maintain their qualification for a longer period of time following the termination of a registration. Read More

FINRA Takes on Short Interest Reporting

On June 4, 2021, the Financial Industry Regulatory Authority (FINRA) published Regulatory Notice 21-19 (the Notice), which requests comment on certain significant proposed changes to short position and stock loan reporting. The proposed changes to Rule 4560 would increase the frequency of short-interest reports from twice a month to weekly or even daily. The change would require clearing firms to report synthetic short exposure - bets made against shares via derivatives - in firm and customer accounts. Read More

How Firms are Capitalizing on Virtual “CE” Roadshows

Virtual tradeshows are optimized to keep conversations, ideas, and engagement flowing constantly. They prioritize the needs of the attendees and turn one-off on-site events or webinars into recurring virtual experiences where you can educate and sell year-round. Read More

Five Tips for Making Your Webinars Stand Out

As webinar invites continue to fill advisor’s inboxes, it’s more important than ever to make your presentation stand out from the pack. To help rack up more registrations for your next webinar, consider the following tips. Read More