Tag Archives: IA regulations

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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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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DoL – should I continue to prepare?

There is a lot of talk about whether President-elect Trump will stop the DoL Fiduciary Rule.  As Michael Kitces mentioned in his column last week: “Because the reality is that while the rule will not be enforced until next April – after … Continue reading

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Disaster Preparation

In an article published on FinancialPlanning October 7, 2016, Carolyn McClanahan discussed the action plan her firm had in place as Hurricane Matthew was bearing down on her city. Here are some ideas that you may want to consider.  The … Continue reading

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Who Should NOT be the Chief Compliance Officer

RIA Failed to Conduct Annual Compliance Reviews and Appointed Admin as CCO from Cipperman Compliance Services The SEC fined and censured a registered investment adviser for failing to conduct annual compliance reviews and appointing a chief compliance officer without relevant … Continue reading

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DOL Fiduciary Rule – Begin Preparation Now

It may seem like the effective date of the DOL Fiduciary Rule is far off – April 2017; however there is much preparation to begin now.  My clients will be receiving a survey from me this week that will help … Continue reading

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