The Top Ten RIA Compliance Pitfalls

Each year, the Securities and Exchange Commission and the state securities authorities conduct routine and “for cause” examinations of registered investment advisers within their jurisdiction to determine compliance with Investment Adviser Act and Investment Company Act regulations. Often, the SEC and North American Securities Administrators Association (“NASAA”), which is the consortium of state securities regulators,…

DOL Proposes Another Delay For Implementation of the Fiduciary Rule: What It Means to RIAs

On Wednesday, August 9, 2017, the Department of Labor (DOL) announced in a court filing that it will delay the effective dates of the remaining provisions of the fiduciary rule until July 1, 2019. The proposed rule will delay implementation of all portions of the rule not currently effective, including: the best interest contract exemption…

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