Category Archives: Uncategorized

Be Aware When Wiring Funds for a Client’s Escrow

It has come to my attention that wiring funds to close an escrow for a client could end up with funds going to a hacker. My understanding is that most escrow companies will give the wiring instructions to the client … Continue reading

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DOL Rule

As the effective date, June 9, 2017, rapidly approaches below is some information to keep in mind. As a “fiduciary” to a plan or a participant governed by ERISA’S prudent man rule and duty of loyalty, an advisor must engage … Continue reading

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DOL Rule Prohibited Transaction Exemptions

From Fred Reish  Fred’s last post (Angles #44) discussed the requirements of ERISA’s prudent man rule and of the best interest standard of care for IRAs and plans. This article outlines the requirements of the two prohibited transaction exemptions that will … Continue reading

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Alert – Google Docs Phishing Outbreak

from Barkly A sweeping campaign of phishing emails masquerading as a shared Google doc invite has infected troves of Google users on Wednesday, accessing their contacts lists to spread the attack further. On Wednesday afternoon, the Internet lit up with … Continue reading

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SEC Explores Ways to Strengthen Compliance of Independent Advisers

SEC Explores Ways To Strengthen Compliance Of Independent Advisers (Mark Schoeff, Investment News) – At a recent compliance conference, the acting director of the SEC’s Office of Compliance Inspections and Examinations (OCIE) noted that the SEC has increasing concern about … Continue reading

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Microsoft Office Vulnerability Fix

From True North Networks WARNING – There is currently an aggressive attack campaign underway against a previously undisclosed vulnerability in Microsoft Word, which can be used to quietly install different kinds of malware — even on fully-patched computers. The bug … Continue reading

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DOL Rule Updates

The Department of Labor (“DOL”) published its final rule delaying the applicability dates of its rule changing the definition of the term “fiduciary” (the “Fiduciary Rule”)  by 60 days, as proposed.  The new timeline for compliance with the Fiduciary Rule … Continue reading

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