SEC stays all cases before Administrative Law Judges for 30 days
August 1 2022 - NRS Insights

SEC Enforces Mutual Fund Share Class Selection Violations by Investment Advisers

A pair of late July orders instituting cease-and-desist proceedings handed down by the Securities and Exchange Commission (SEC) highlights the Commission’s continued efforts to identify breaches of fiduciary duty, undisclosed conflicts of interest, breaches of duty to seek best execution and failure to adopt adequate policies and procedures by investment advisers transacting in mutual fund shares in client accounts. What does this mean for you? Investment Adviser firms must continue to diligently comply with their fiduciary duty as stated by the SEC or risk the serious penalties that come with non-compliance.
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July 22 2022 - NRS Insights

The broker-dealers guide to Regulation Best Interest (Reg BI)

With the first and (thus far) only Regulation BI offense alleged midway through 2022, it’s worth revisiting some common questions surrounding the Reg BI and reviewing your policies and procedures to ensure compliance.
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December 1, 2022 - Event

Lessons Learned about the New IA Marketing Rule

Formerly scheduled for October 25 Course Description: All of November 4, all SEC-registered investment advisers are required to restructure their entire marketing and referral programs to meet the requirements of revised Rule 206(4)-1(the new Marketing Rule). Taking place less than 4 weeks after the new rule becomes mandatory, this course is essential for any firm […]
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November 10, 2022 - Event

Critical Skills for High-Performance Compliance Professionals: Effective Compliance Communication (Webinar)

Formerly scheduled for October 27 Course Description: Questions of CCO personal liability have increased in recent years, not least through CCOs being named in high-profile SEC enforcement cases. Indeed, the New York City Bar has issued a report on CCO liability in the financial sector and SEC Commissioner Hester Peirce has spoken on the need […]
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November 9, 2022 - Event

Professional Ethics: Ethical Decision-Making for Compliance Professionals (Webinar)

Formerly scheduled for October 26 Course Description: A new groundbreaking study by researchers at the University of Oregon shows that ethical lapses are likely to rise significantly in IA firms that have been acquired by private equity. While the results of this study are important for PE-owned firms, the possible origins of these ethical issues […]
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August 16, 2022 - Event

Professional Ethics: Ethical Decision-Making for Compliance Professionals

Formerly scheduled for October 26 Course Description: A new groundbreaking study by researchers at the University of Oregon shows that ethical lapses are likely to rise significantly in IA firms that have been acquired by private equity. While the results of this study are important for PE-owned firms, the possible origins of these ethical issues […]
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July 14 2022 - NRS Insights

The NRS Fall Compliance Conference is now part of the ComplyConnect Conference & Expo: Here’s what you need to know

What’s happening with the NRS Compliance Conference? If you are a dedicated attendee of the conference, whether for IACCP accreditation or simply because you are a compliance professional serving an investment adviser, broker-dealer, etc. who likes to stay in the know on the latest compliance updates, you might be asking this exact question. And now, we have the answer. In late 2021, NRS was acquired by ComplySci as one of three strategic acquisition that helped to create one of the most robust, comprehensive compliance offerings on the market. NRS brought with it a legacy of continued education and compliance excellence, which as a ComplySci family of companies, we are elevating to new levels this year. Introducing the first annual ComplyConnect Conference & Expo.
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November 8 – 10, 2022 - Event

ComplyConnect Conference & Expo

Why ComplyConnect? Education. Training. Industry insight. It all comes together at the ComplyConnect Conference and Expo. Take a front row seat to the latest news and trends shaping compliance, risk and governance, and hear direct from renowned industry leaders and regulatory authorities as they discuss the future of compliance and regulation. The first annual ComplyConnect […]
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SEC: No Extension for Reg BI, Form CRS Compliance
July 8 2022 - NRS Insights

Considerations for the SEC amendment on electronic filing requirements

Recently, the Securities and Exchange Commission (SEC) amended their EDGAR Filing Requirements and Form 144 Filings, adopting a policy of electronic submission. According to their press release, this new requirement will: 1. Create efficiency and transparency. 2. Better the commission’s operational resilience. 3. Improve accessibility, especially given COVID-19 restrictions. In addition to amending the form submission process, the SEC adopted new requirements for “structured data reporting and remov[ing] outdated references.”
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June 23 2022 - Press release

IAA AND NRS INVESTMENT ADVISER INDUSTRY SNAPSHOT CONFIRMS SECTOR GROWTH OF 16.7% YEAR-OVER-YEAR

- Annual industry survey cites demand for adviser services surges as number of advisers, clients and assets under management reach record highs in 2021 Washington, DC/Lakeville, CT (June 23, 2022) – The Investment Adviser Association (IAA) and National Regulatory Services (NRS), a ComplySci company, announced the investment adviser industry set records again in 2021, according to […]
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