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Top RIA Compliance News Articles for the Week of August 29, 2015

Sep 04, 2015

Our list of the top registered investment adviser (RIA) compliance and regulatory news articles for the week of August 29, 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 August 29, 2015:

  1. DoL Fiduciary Proposal: How Tech is a Game Changer (Author- Joel Bruckenstein, FinancialPlanning)

Many have argued every angle of the fiduciary rule proposal, but RIA industry tech guru Joel Bruckenstein isn’t convinced that it will give a disadvantage to small investors and business owners. Check out his opinion on the ways technology will be beneficial for all during this transition and allow for smaller investors to continue to be served.

  1. A Message From the SEC—Listen Up! (Author- Thomas D. Giachetti, ThinkAdvisor)

Recently, the Securities and Exchange Commission (SEC) charged a Chicago advisory firm with failure to implement and enforce provisions of its policies and procedures, as well as Code of Ethics. Securities attorney Thomas Giachetti provides his perspective on the case and the settlement.

  1. For Once, Two Certainties in D.C.: New SEC Commissioners, DOL Fiduciary Rule (Author- Melanie Waddell, ThinkAdvisor)

As we anxiously await the final fiduciary rule, we can also look forward to getting two new SEC commissioners, and more. Melanie Waddell gives us the breakdown of what is in store for the industry in the coming months.

  1. CFP Board sanctions two planners for improper use of ‘fee-only’ label (Author- Mark Schoeff, InvestmentNews)

The Certified Financial Planner (CFP) Board of Standards has sanctioned two financial planners that were using the term “fee-only” when describing their services, while they were in fact collecting commissions as well. This is not the only recent case of this type for the CFP Board. Mark Schoeff Jr. explains the cases.

  1. On The 75th Birthday Of The 1940 Act, A Reminder Of The F-Word’s Power (Author- April Rudin, The Huffington Post)

This year marks the 75th birthday of the Investment Advisor Act of 1940 and one of the acts aspects, the Fiduciary Standard, is still be debated today. April Rudin explains how the Act of 1940 has shaped the industry, and shares the opinions of industry experts regarding the Department of Labor’s proposal.

     6.  5 New Compliance Chores for Advisors, BDs (Author- Melanie Waddell, ThinkAdvisor)

Many rules and regulations have been added/changed by the SEC, DOL, and FINRA in the past few months. As a result, investment advisory firms must keep up on their compliance procedures and requirements more than ever. Take a look at Melanie Waddell’s list of new compliance chores for RIA firms.

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