Regulatory Compliance E-newsletter – April 2018

Feature of the Month

NRS Spring 2018 Conference Preview

NRS is excited about our upcoming Spring 2018 Compliance Conference. Set in the beautiful surroundings of Savannah Harbor and riverfront, the conference will take place at the Westin Savannah Harbor Golf Resort & Spa over four content-filled days – April 23 to April 26.

This year’s conference theme is Compliance Agility: Risk, Resources and Technology. Along those lines, industry experts including regulators, former regulators, attorneys and compliance professionals will deliver information that will challenge your thinking, infuse best practices, and bring you up to speed on the latest trends.

Selected topics that will be covered in NRS Spring 2018 Agenda include:

  • Women in Securities Compliance
  • Buying or Selling Securities Firms
  • Applying Customer Due Diligence Requirements in AML Programs
  • Developing Training Programs for Changing Rules or Business Practices

Read the newsletter below for detailed previews of a selection of our upcoming conference sessions. For more information on the NRS Spring 2018 Compliance Conference, visit here.

And don’t forget to mark your calendars for the NRS Fall 2018 Compliance Conference; being held at the Park Hyatt Aviara Resort in Carlsbad, CA – November 6-8, 2018.

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Session Preview – Compliance Considerations for Senior Investor / Senior Colleague

Various news outlets have reported that according to the latest estimates by the US Census, the senior population in the United States is expected to double in the next 20 years.

This puts pressure on financial services firms, which will need to continue to address issues related to interactions with an aging population. This will take place on two fronts:

  • Regulatory initiatives undertaken by the SEC, state regulators and FINRA to address the financial exploitation of seniors in order to recognize warning signs and adopt appropriate controls
  • Issues inherent in working with aging colleagues to identify methods for maximizing current intellectual capital, while planning to transition institutional knowledge through effective strategies for intergenerational communication

This session, being held at the NRS Spring 2018 Compliance Conference will explore important and interrelated regulatory focus areas, applicable regulations and best practices to deal with the issues of serving and working alongside this demographic. The session will cover

  • Without – in dealings with seniors that purchase firms products and services
  • Within – in relation to senior colleagues.

… and more.


Become a Compliance Frontrunner

As a compliance professional, you are on call as a trusted guard, helping to protect the firm and its employees and investors. You are faced with the challenges of today’s compliance environment and now, you could be in a position to elevate your knowledge and career.

Become a Compliance frontrunner and gain industry-wide recognition for your knowledge and skills by earning the NRS Investment Adviser Compliance Professional (IACCP) designation. Find out more here.

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Session Preview – Closing the Circle – Matching Advertising, Contracts, Disclosures and Procedures

Back in our October 2017 E-newsletter, we talked about whether or not your Advertising Program would pass an SEC exam, citing how this continued to be a perennial focus of an ongoing evolution of exams.

However, it goes beyond advertisements. In an ideal setting, your firm’s advertisements, contracts, disclosures and supervisory procedures should be in sync. The challenge however, is that these documents are often updated by different people, at different times, with different sets of goals. This ultimately can cause issues when you need to present these documents in an exam, showing that you are compliant.

At the NRS 2018 Spring Compliance Conference, this interactive panel; featuring subject matter experts will go into detail on closing the circle on critical compliance documents; examining some common, and not-so-common examples of material discrepancies and review the various steps that may be used to correct them. Attendees will come away knowing how to:

  • Identify discrepancies when reviewing key documents
  • Analyze possible correction strategies to determine which is best for your firm
  • Create procedures to prevent discrepancies from occurring in the first place

NRS will be live streaming this session from the Spring 2018 Conference. Find out more here


The right technology can speed up review and reduce risk. If you are ready to automate, contact us today and learn more about NRS Ad Review. As part of the ComplianceMAX suite, NRS Ad Review helps you meet your compliance needs and advertise with confidence. Go here to learn more.

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Session Preview – Cybersecurity – Adapting to Developments

In case if you missed our March 2018 e-newsletter, the SEC is continuing to emphasize the importance of cybersecurity protection for the financial markets.

The coming of this is nothing new, as this is a part of a multi-year focus which was launched in 2014 to assess cybersecurity preparedness in the securities industry. This is only underscored by the increasing activities of cybercriminals who continue to evolve in response to industry advances. They have relied on financial entities to be unprepared and unknowledgeable in understanding the risks they face. Cybercriminals have employed tools such as voice manipulation, social engineering and algorithms to determine password protections to access data.

At the NRS Spring 2018 Compliance Conference, this session will be focusing on trends cybercriminals are using in their toolbox, along with the defenses that financial firms can use to protect their data and clients from falling victim to data breaches. Session attendees will learn how to:

  • Evaluate what regulators are expecting firms to have in place to combat cyberbreaches
  • Examine cybersecurity enforcement actions to help you and your firm avoid similar issues and consequences
  • Use tools such as testing, procedures, training and technology to prevent cyber losses


Confidence in Cybersecurity Compliance

National Regulatory Services (“NRS”) offers a full cybersecurity solutions package to assist broker-dealers and advisers in this growing and expanding area of concern. NRS’ services include a maturity assessment of a firm’s cybersecurity program, cybersecurity policy and procedures development and improvement, support, review and testing, as well as due diligence review and monitoring of a firm’s vendors/service providers. Find out more here.

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