NRS Insights Blog

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.

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.

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.”

Environmental, social and governance (ESG) compliance. Three letters, which, five years ago you most likely hadn’t heard too much about. But now? That couldn’t be more different. ESG has become the topic du-jour. Between the Securities and Exchange Commission (SEC) making it one of their top exam priorities for 2022 and recent charges against top-tier investment advisers, you would be hard pressed to visit a news site or peruse a social media app and without seeing some reference to it. In this post, we’ll break down what ESG compliance is, why it matters and best practices for implementing your own ESG policies.