NRS Insights Blog
June 29 2020 - NRS Insights
OCIE Issues Risk Alert on Private Fund Adviser Exam Deficiencies – Conflicts of Interest
The Office of Compliance Inspections and Examinations (“OCIE”) issued a Risk Alert on June 23, 2020 describing common deficiencies in exams of advisers to private equity and hedge funds (collectively “private fund advisers.”)
Find out more
June 9 2020 - NRS Insights
Disclosing your PPP Loan on Form ADV
Many advisers have applied for and received loans under the Paycheck Protection Program (“PPP”) offered by the federal government to help businesses retain employees and stay afloat during the Covid-19 crisis.
Find out more
May 18 2020 - NRS Insights
Morgan Stanley Penalized $5 Million for Insufficient Transparency in Wrap Trading Costs
The SEC and Morgan Stanley Smith Barney LLC (MSSB) settled charges that MSSB provided misleading information to clients in its retail wrap fee programs regarding trade execution services and transaction costs
Find out more
April 9 2020 - NRS Insights
Coronavirus Compliance: What Areas Should You Focus On Now
It is said that those who forget the past are condemned to repeat it. Perhaps “condemned” is not the best word choice, given the current circumstances, but past events can and should inform the present.
Find out more
April 6 2020 - NRS Insights
SEC: No Extension for Reg BI, Form CRS Compliance
SEC Chairman Jay Clayton announced that the Commission will not extend the compliance date for Reg BI and the filing date for Form CRS beyond June 30, 2020 despite the recent social, economic and market turmoil caused by the COVID-19 pandemic.
Find out more
March 25 2020 - NRS Insights
SEC Extends ADV and PF Filing Deadlines and Eases Requirements for Advisers Impacted by COVID-19
On March 25 the SEC announced that it is further extending required filing and delivery deadlines for investment advisers whose ability to make timely filings has been affected by the coronavirus.
Find out more
March 24 2020 - NRS Insights
Compliance Considerations during the COVID-19 Crisis
NRS offers the following suggestions for how compliance officers may respond to the unique challenges we are all facing in the current Coronavirus pandemic.
Find out more
September 10 2019 - NRS Insights
FINRA Focuses on Training to Stem Cybersecurity Breaches
Cybersecurity incidents and breaches are increasing annually in scope, magnitude, and creativity. But just how big is the problem? On average, cybersecurity costs businesses about $11.7 million each year 69% of financial firms ranked cyber risk in their top five concerns; 35% named it their top concern. From 2017 to 2018, detected cybersecurity incidents rose […]
Find out more
August 7 2019 - NRS Insights
Use NRS Securities Exam Prep with Confidence: No-Pass, No-Pay Guarantee!
NRS Securities Exam Prep is an industry-leading program with a NO-PASS, NO-PAY Guarantee. Complete our program, achieve green light status and pass the Series 6, Series 7, Series 63, Series 65 or Series 66 exam confidently!
Find out more
July 26 2019 - NRS Insights
OCIE Risk Alert
On July 23, 2019 the Office of Compliance Inspections and Examinations (“OCIE”) published a Risk Alert sharing the staff’s observations from its examinations conducted during the Supervision Initiative launched in 2017.
Find out more
