NRS Insights Blog
May 10 2019 - NRS Insights
SEC Regulation Best Interest: Ready or Not, Here It Comes!
Just over one year has passed since the SEC proposed Regulation Best Interest (Reg BI) in April 2018. The SEC has stated that it hopes to have the regulation finalized by the end of September 2019.
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May 10 2019 - NRS Insights
FINRA Provides Guidance on Customer Communications Related to Departing Representatives
This summary discusses the guidance FINRA has provided through Regulatory Notice 19-10 regarding communications firms should have with their clients when a registered representative departs through resignation or termination.
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May 3 2019 - NRS Insights
House Passes Bill to Strengthen Protection of Senior Investors
On April 30, the U.S. House passed the Senior Security Act of 2019, HR 1876. This Act: Mandates the SEC to establish an interdivisional task force to investigate and combat financial exploitation of seniors
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April 19 2019 - NRS Insights
The Bigger Picture on FINRA’s 529 Plan Share Class Initiative
In early 2019, FINRA implemented the 529 Plan Share Class Initiative in response to exam findings that some financial services firms
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April 12 2019 - NRS Insights
New SEC Cybersecurity Sweep to focus on Investment Advisers
The SEC’s Office of Compliance Inspections and Examinations (OCIE) announced a third cybersecurity sweep largely focused on investment advisers.
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February 12 2019 - NRS Insights
Ready for the Regulators’ Next AML Scrutiny?
Regulatory concern about money-laundering activity is only increasing, and financial institutions are pumping more and more money and human resources into maintaining adequate compliance programs to avoid sanction.
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February 1 2019 - NRS Insights
Demystifying the New SIE Exam
Since FINRA’s Securities Industry Essentials (SIE) Exam was introduced last year, FINRA has held its cards close to its chest, electing to hold on to a lot of the data pointing to enrollment numbers and/or passing ratios.
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September 13 2018 - NRS Insights
The industry is bright for Investment Advisers
In case you have not heard, according to this year’s Evolution Revolution report released on September 6 by NRS and the IAA, the number of SEC-registered investment advisers continues to climb.
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July 30 2018 - NRS Insights
BDs to Benefit from FINRA360 Changes to Enforcement and Exam Process
As part of its continuing efforts to review and revamp the organization (i.e. FINRA360), FINRA has consolidated its enforcement units in order to streamline investigations, improve consistency and transparency and, ultimately, improve relationships with member firms.
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July 12 2018 - NRS Insights
SEC stays all cases before Administrative Law Judges for 30 days
Following the US Supreme Court’s June 21 decision in the Lucia case , the SEC issued a stay of all cases being heard by Administrative Law Judges (“ALJs”) for 30 days or until the SEC issues further orders.
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