Monthly Archives: January 2017

Five steps to take when you suspect you are a victim of a cyber attack

from IAWatch Step 1: Contact your IT leader. Step 2: Assess if your system has been penetrated. Step 3: Detect the extent of the hack. Step 4: Notify clients – be aware of your state’s laws regarding alerting a client … Continue reading

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Relevant Factors to Consider when Evaluating a Retirement Distribution under the DOL Fiduciary Rule

from Fred Reish’s “Interesting Angles on the DOL’s Fiduciary Rule #29” What are the relevant factors for evaluating whether a participant should take a distribution? In other words, what information does an adviser need to gather and review? In BICE, … Continue reading

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Firm Censured for Failing to Disclose Investment in Service Provider

from Cipperman Compliance  The SEC fined and censured a private equity fund manager for failing to disclose that the principals had personally invested in an IT firm that it had engaged. The respondent utilized the IT firm to perform due … Continue reading

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SEC Reviewing Multi-Branch Adviser Compliance

SEC Reviewing Multi-Branch Adviser Compliance from Cipperman Compliance Services The staff of the SEC’s Office of Compliance Inspections and Examinations issued a Risk Alert announcing its “Multi-Branch Adviser Initiative.” The Alert expresses concern about the “unique risks and challenges” for … Continue reading

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