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Top RIA Compliance News Articles for the Week of October 24, 2015

Oct 30, 2015

Our list of the top registered investment adviser (RIA) compliance and regulatory news articles for the week of October 24, 2015.

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 October 24, 2015:

  1. 9 Must-Dos for Compliance Pros From SEC (Author- Melanie Waddell, ThinkAdvisor)

The Chief Compliance Officer (CCO) of each RIA firm is being encouraged to review a set of 9 guidelines provided by the Securities and Exchange Commission’s (SEC) Chief of Staff, Andrew Donohue. Donohue recognizes that the regulatory environment is consistently changing, making it imperative that CCOs evolve with it. Melanie Waddell reports on the 9 steps CCOs should follow in order to do their jobs properly.

  1. NAPFA leader claims ‘moral high ground’ in fiduciary fight (Author- Mark Schoeff Jr., InvestmentNews)

Dave O’Brien, a member of the public policy committee for the National Association of Personal Financial Advisors (NAPFA) is planning to step up lobbying to make sure the fiduciary proposal passes. The organization feels they have the right message, arguing that that the proposal would protect investors from high-fee products that erode retirement savings. Find out more about what O’Brien may be up against.

  1. Bill Aimed at Blocking DOL Fiduciary Rule Passes House (Author- Megan Leonhardt, WealthManagement.com)

On Tuesday, efforts to delay the fiduciary rule resulted in a success in the House. If ultimately to pass as legislation, the Department of Labor (DOL) would be required to wait until 60 days after the SEC publishes their fiduciary rule, before the DOL could release their own. Megan Leonhardt explains the details.

  1. Lawmakers chafe at SEC’s slog through fiduciary rule process (Author- Mark Schoeff Jr., InvestmentNews)

Lawmakers are growing impatient as the SEC drags their feet on a fiduciary rule. The SEC says they are doing “extensive analysis” in developing the proposal, but will not provide a firm timeline. Mark Schoeff explains the sources of frustration for both opponents and proponents of the rule.

  1. DOL’s Fiduciary Rule Will Be Eased For Commissions, Says Association Head (Author- Ted Knutson, Financial Advisor Magazine)

Marcy Supovitz, president of the American Retirement Association says that as the fiduciary proposal stands, the “best-interest contract exemption” is an impossible hoop to jump through. She claims that the DOL is changing this to be more workable in the final version. Ted Knutson reports on the details of the new draft being written.

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