One of our Practus Partner’s Bo Howell shares his practical experience on the burgeoning relationships between financial services firms and technology. Read the full article from Nasdaq below. Gone are the days of thinking of technology as something that comes in a box with instructions or as merely a tactical decision that adds a bell or a whistle or just … Read More
Feds Nix ‘flicts for Brokers and Advisers
SEC FIDUCIARY RULEMAKING 1. REGULATION BI Creates an enhanced standard of conduct applicable to broker-dealers at the time they recommend to a retail customer a securities transaction or investment strategy involving securities. Retail customer: any individual who receives a recommendation from the broker-dealer for the individual’s own account (but not an account for a business that he or she works … Read More
Corporate Governance Update: How Delaware Law Interacts with Federal Securities Law
For many asset managers and investment companies, the topic of compliance tends to focus on federal securities, particularly Rule 206(4)-7 under the Investment Advisers Act of 1940 (the “Advisers Act) and Rule 38a-1 under the Investment Company Act of 1940 (the “Company Act”). While these rules and the SEC’s guidance related to them are important, state law also plays a … Read More
Financial Advisor: What You Personally Have To Know About Regulatory Compliance
As a chief compliance officer, the risks of non-compliance only continue to grow. Bill Hortz of the Institute for Innovation Development recently spoke to CCO Technology regarding this trend. His interview with our founder, Bo Howell, on the growing importance of developing a detailed and comprehensive compliance strategy is featured in Financial Advisor magazine. The trends in compliance enforcement are increasing and … Read More
An Analysis of the SEC’s Proposed Fund of Funds Rule
SEC’s Proposed Fund of Funds Rule Simplifies Fund of Funds Compliance, But Creates Liquidity Concerns By John Yoder and Bo Howell For over a decade now exchange-traded Funds (“ETFs”) have become a primary investment for asset managers to gain low-cost access to broad segments of the markets. More recently, ETFs have grown to focus on more niche parts of the … Read More
Tips for a More Secure Client Relationship
Tips for a More Secure Client Relationship: A Commentary on OCIE’s Risk Alert on Privacy and Data Protection The SEC’s Office of Compliance Inspections and Examinations (colloquially known as “OCIE” or just the “SEC” to many market participants) recently issued another risk alert. The topic this time was privacy policies under Regulation S-P. Below are examples of the most common deficiencies or … Read More