The Compliance Digest

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

NY Court Strikes Down Regulation 187

The Appellate Division of the New York State Supreme Court, Third Department, has struck down the New York Department of Financial Services’ Regulation 187, based on the finding that the rule is unconstitutionally vague. Read More

FINRA Releases Notice on Account Takeover Attempts

FINRA has received an increasing number of reports regarding ATO incidents, which involve bad actors using compromised customer information, such as login credentials, to gain unauthorized entry to customers’ online brokerage accounts. As such, the self-regulatory authority has released a Regulatory Notice aimed at protecting customers from online account takeover attempts. Read More

Five Courses to Assign After the FINRA Conference

For compliance professionals and others in the financial services industry, the Annual FINRA Conference is one of the year’s most highly anticipated and attended events. With all that the FINRA conference has to offer, it’s important for attendees to incorporate what they have learned into their firm’s compliance program. Here are five Quest CE courses to pair with the 2021 Annual FINRA conference sessions. Read More

Cards Vs. Codes: Learn About Different Voucher Types

With CE vouchers wholesalers can incentivize advisors to attend sales meetings, fill out website forms, download content, and so much more. One thing that many firms don’t know about CE vouchers, is that there are several options delivery methods available. In this article, we talk about the three types of CE vouchers firms can utilize. Read More

Three Reasons Why Firms Choose Super CE

As a highly sought-after continuing education (CE) delivery method, Super CE is the perfect addition to any firm’s sales strategy. Although many firms have been utilizing Super CE for a long time, others who are less familiar with it have been missing out on this unique opportunity. So, if you’re someone who has been on the fence about adding Super CE to your sales strategy, here are three reasons to help get you over the hurdle. Read More

Four Takeaways from our Exam Priorities Webinar

Joined by Foreside Financial Group’s, Myles Blechner and Ginny Voos, Quest CE hosted a webinar to discuss some of the challenges compliance officers and firms faced in 2020, as well as some of the top takeaways from this year’s examination priorities letters. Here are some of the top takeaways from the presentation. Read More

SEC Releases Risk Alert on ESG Investing

On April 9, 2021, the SEC’s Division of Examinations (“EXAMS”) published a Risk Alert summarizing its observations from recent examinations of investment advisers, registered investment companies, and private funds engaged in ESG investing. The Risk Alert is the latest in a series of announcements from the regulator that demonstrate its focus on investor protection in connection with climate and ESG investing. Read More

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