The Compliance Digest

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

SEC Releases Top Seven Exam Priorities for 2020

According to OCIE’s 2020 examination priority list, new investment advisors and those investment advisors registered but never examined prior, can expect a greater likelihood of examination in 2020. Read More

FINRA-Exam-Findings

FINRA Releases 2020 Examination Priorities Letter

This year’s letter focused on broker-dealers’ compliance with the Securities and Exchange Commission’s (SEC) Regulation Best Interest (Reg BI) and the Customer Relationship Summary, or Form CRS. Read More

Why Super CE is Attracting More Financial Advisors

Allow us to introduce Super CE, a unique live CE delivery method that grants advisors several hours of CE in just one-hour of classroom time. In this article we discuss what Super CE is, how it works and why advisors prefer taking it over other traditional learning methods. Read More

How to Prepare for California’s Consumer Privacy Act

The California consumer privacy law takes effect on January 1, 2020. In this article, we discuss who it affects, key provisions of the act and ways your firm can prepare. Read More

Rep Fined/Suspended for Firm Element Malpractice

According to FINRA’s November Disciplinary Actions Notice, a registered representative was fined $3,000, suspended for three months and ordered to attend and satisfactorily complete 10 hours of continuing education (CE) for failing to complete his Firm Element continuing education.  Read More

FINRA Announces Consolidated Exams in 2020

FINRA recently announced the consolidation of its three exam functions into a single, unified program—a process that began in October 2018. Read More

3 Reasons to Deliver Webinar Continuing Education

In this article, we break down the top three reasons webinar CE has become increasingly popular and discuss how this sales strategy can help move your business forward. Read More

SEC Ends FY19 with $4.3B in Penalties/Disgorgement

In fiscal year 2019 (which runs from October to September), the SEC reported a total of 862 enforcement actions, including 526 “standalone” actions filed in either federal court or as administrative proceedings, which was its highest number of standalone actions since 2016. Read More

FINRA to Keep Annual Compliance Meeting Rule

Based on the retrospective rule review, which took place in April 2018, FINRA has decided to continue requiring broker-dealers to conduct an annual compliance meeting (FINRA Rule 3110(a)(7)). Read More

FINRA Releases Third Annual Exam Findings Report

The 2019 Report focuses on a number of findings and observations, involving: sales practice and supervision; firm operations; market integrity; and financial management. Read More