NRS Insights Blog

Regulators are evolving their enforcement actions and regulations to reflect the modern financial landscape, and the NASAA is the latest regulator to do that. As the speed of technology continues to increase, regulators continue to adapt their enforcement actions, and regulations to ensure confidence in the market and firms must keep pace.

In September 2021, the SEC launched the Broker-Dealer Off-Channel Communication Initiative to investigate the retention of business-related communications using personal devices. In an October 6, 2021 speech, “PLI Broker/Dealer Regulation and Enforcement 2021,”2 the SEC’s Division of Enforcement Director Gurbir Grewal stated, “You need to be actively thinking about and addressing the many compliance issues raised by the increased use of personal devices, new communications channels, and other technological developments like ephemeral apps.”

Education, training and industry insight come together at the first compliance conference of its kind – the ComplyConnect Conference and Expo. Here are a few things that make the ComplyConnect Conference & Expo different from any other compliance conference. And what makes it worth attending.

Areas of examination will include Marketing Rule policies and procedures, substantiation requirement, performance advertising requirements and books and records. With the deadline fast approaching, investment adviser firms should prepare accordingly.

In June of 2022, the SEC released their Spring 2022 Unified Agenda of Regulatory and Deregulatory Actions – a list of more than 50 proposed regulation updates, both proposed and finalized. With such a lengthy list, industry professionals would be wise to begin their appraisal of the rules as early as possible. Many of the rules are […]

Do you know a chief compliance officer at an investment advisory firm deserving of recognition? Or maybe you recently met a hedge fund’s compliance superstar that you think should be awarded for their innovation? Either way, the ComplyConnect compliance awards 2022 is your forum to showcase your talented peers and everything they offer the regulatory compliance landscape.

In June of 2022, the SEC released their Spring 2022 Unified Agenda of Regulatory and Deregulatory Actions – a list of more than 50 proposed regulation updates, both proposed and finalized. With such a lengthy list, industry professionals would be wise to begin their appraisal of the rules as early as possible. Many of the rules […]

If you’re regulated by the SEC and or FINRA, you know that compliance keeps your doors open. You also know that your firm cannot afford a violation of any regulations. The NRS ComplianceGuardian Marketing Review module guides firms through the review process to help them avoid violating the marketing rule.

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.

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.