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Top RIA Compliance News Articles for the Week of January 9, 2016

Jan 15, 2016

Our list of the top registered investment adviser (RIA) compliance and regulatory news articles for the week of January 9, 2016.

Each week we’re giving you our weekly report highlighting the top compliance news articles from various industry news publications. We have selected the most relevant and important news articles related to registered investment adviser (RIA) compliance and regulatory issues. Check back each week for the latest list of top stories.

Here’s our top investment adviser compliance articles for the week of January 9, 2016:

  1. Chief compliance officers prepare for closer SEC Scrutiny (Author- Hazel Bradford, Pensions & Investments)

According to Hazel Bradford of Pensions and Investments, “SEC officials say nothing has changed about the way they view chief compliance officers at money management firms, but Chief Compliance Officer (CCO) groups say members are feeling vulnerable and are bracing for more scrutiny and possible enforcement actions in 2016.” In addition, third-party RIA compliance audits could be on their way if the Securities and Exchange Commission (SEC) finishes work on the proposed program that could further shake up 2016.  

  1. Social Media Is Still New for Many Advisors: Practical Perspectives (Author- Emily Zulz, ThinkAdvisor)

Does your firm use social media for business? According to a new Practical Perspectives report, roughly 3 in 10 advisors currently do not use social media for business purposes. Compliance fears are one of the number one reasons why advisors are hesitant to further explore social media usage.  

  1. Errors advisers should steer clear of when updating ADVs (Author- Liz Skinner, InvestmentNews)

Does your firm’s Form ADV accurately state its regulatory assets under management (AUM)? As reported by Liz Skinner, in the past year the SEC has charged a number of firms related to making false statements on their Form ADVs and overstating AUM. As a direct result, firms should continue to expect the SEC to crack down on false statements made on Form ADVs.

  1. RIAs Bullish on 2016; Cybersecurity as Biggest Tech Challenge (Author- James J. Green, ThinkAdvisor)

As reported by James J. Green, a recent TD Ameritrade Institutional RIA Sentiment Survey revealed that 79% of advisors surveyed project further AUM growth in 2016. When it comes to technology, those surveyed plan to invest in cybersecurity, CRM, and other client facing tools to assist in growth.

Be sure to check back next Friday for next week’s top articles!