FINRA is preparing for a “new normal” in which firms will work remotely even after the pandemic passes. For example, FINRA is considering changing how it defines “branch office” and “office of supervisory jurisdiction” for supervision and inspection purposes based on industry feedback. “Many” commenters that responded to a request for feedback on lessons learned during the COVID-19 pandemic urged the regulator to revisit the definitions under FINRA Rule 3110 because firms have shifted to remote work. “Several commenters expressed concern that without amendments, personal residences of many associated persons will need to be registered (and inspected) to facilitate remote […]
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Compliance Management
FINRA Extends Remote Branch Inspections Until End of 2022
FINRA has proposed to extend temporary relief allowing firms to conduct their 2022 branch inspections remotely through year-end. If approved by the SEC, the extension of FINRA Rule 3110.17 would extend COVID-related branch office inspection relief that is now scheduled to end on June 30. “The proposed additional six-month extension would provide further clarity to firms on regulatory requirements and account for the time needed for many firms to carefully assess when and how to have their employees safely return to their offices in light of vaccination coverage in the U.S. and transmission levels of the virus, including any emergent […]
Continue readingMore TagSEC Continues to Update Rules for Investment Adviser Marketing
Investment adviser marketing has taken another step into the present now that the SEC has announced it is withdrawing or modifying over 200 staff letters and guidance statements related to the decades-old IA Advertising and Cash Solicitation Rules. Most of the no-action relief letters being withdrawn are related to issues that are now covered in the SEC’s modernized IA Marketing Rule. “It’s no wonder IAs have been so challenged under the old Advertising and Cash Solicitation Rules since they had to manage so many exceptions to the actual rules. It would be helpful if the SEC would share a list […]
Continue readingMore TagRegEd to Showcase Enterprise Compliance Solutions at 2021 NSCP National Conference
As the leading provider of regulatory technology solutions to the financial services industry, RegEd will exhibit its enterprise compliance platform at the 2021 National Society of Compliance Professionals (NSCP) National Conference in National Harbor, Md., on Nov. 8-10. The annual NSCP National Conference offers dozens of sessions covering topics that are relevant to investment advisers, broker-dealers, private funds, and investment companies, and has been recognized as one of the most comprehensive educational offerings within the securities compliance industry. This year, “the only conference that’s ‘for compliance, by compliance,’” will focus on “the practical solutions to empower yourself and your compliance […]
Continue readingMore TagRegEd Expands Intelligent Capabilities for its Market-Leading Advertising Compliance Review Solution
RegEd’s Application of Advanced Technology Reduces Human Intervention in the Advertising Review Process by up to 70%. RegEd has expanded the Submission Intelligence capabilities of its Enterprise Advertising Review solution, providing financial services firms and banks with best-in-class functionality to power their marketing, advertising and customer communications review processes. Enterprise Advertising Review’s Lexicon Detection automatically flags problematic keywords and phrases using firm-customized business rules while Smart DisclosuresSM detects and confirms that submission items contain the proper disclosures. Together, the combined capabilities of Enterprise Advertising Review’s Submission intelligence and Intelligent Review modules reduce review time by more than 50%, and in […]
Continue readingMore TagRegEd Approved as Investment Adviser Representative Continuing Education (IAR CE) Provider
Compliance education leader will offer courses for North American Securities Administrators Association’s Investment Adviser Representative Continuing Education Model Rule RegEd has been approved to offer Investment Adviser Representative Continuing Education (IAR CE) courses for registered IARs subject to the North American Securities Administrators Association’s Investment Adviser Representative Continuing Education Model Rule. Content management vendor Prometric has approved RegEd as an IAR CE provider on behalf of NASAA. Designed to close a gap in CE needed for IARs, NASAA’s IAR CE model rule requires IARs to complete 12 hours of NASAA-approved CE courses annually. “Like other financial services professionals, IARs will […]
Continue readingMore TagRegEd to Participate in 2021 ARM Educational Conference
Thought leaders from RegEd will participate at the upcoming 2021 Association of Registration Management (ARM) Educational Conference, which will be held both in Sarasota, Fla., and virtually, from Oct. 11-13. RegEd is also a sponsor of the annual event. Attendees of the 2021 ARM Educational Conference, both in-person and virtual, will learn about and discuss issues and developments surrounding the registration and licensing functions for the securities and insurance industries. Attendees will benefit from in-depth educational sessions and hear from representatives at FINRA, NFA, NASAA, and SROs who will inform attendees of the latest changes affecting the industry. As the […]
Continue readingMore TagRegEd to Participate in 2021 AICP Annual Conference
Thought leaders from RegEd will participate at the upcoming 2021 Association of Insurance Compliance Professionals (AICP) Conference, which will be held in San Diego on Oct. 3-6. RegEd is also a Bronze Level sponsor of the annual event. Conference attendees, both in-person and virtual, will learn about and discuss key issues facing compliance professionals at Property and Casualty and Life and Health companies. The event will bring together hundreds of senior insurance compliance professionals, regulators and industry thought leaders. “ReFRESH-ReNEW-ReFOCUS” is the theme of this year’s AICP conference. As the largest provider of regulatory technology solutions to the financial services […]
Continue readingMore TagRegEd to Exhibit at 2021 InsureTech Connect Conference
As the leading provider of regulatory technology solutions to the financial services industry, RegEd will exhibit its market-leading enterprise compliance platform at the 2021 InsureTech Connect Conference in Las Vegas. ITC Vegas is among the world’s largest InsureTech events – offering access to a comprehensive and global gathering of tech entrepreneurs, investors, and insurance industry incumbents. From Oct. 4-6, the industry will convene to showcase new innovations, to learn how to increase productivity and reduce costs, and ultimately to enrich the lives of policyholders. RegEd representatives will be on-site to help conference attendees identify effective and cost-efficient strategies to manage […]
Continue readingMore TagState-registered Investment Advisers Lack Protections for Financial Abuse of Elderly
Recently released results from a sweep exam show that state-registered investment advisers must do more to prevent and address financial abuse of elderly investors, regulators say. “The results of this multi-state coordinated initiative show that investment advisers must make improvements in recognizing and reporting cases of suspected abuse,” said Lisa A. Hopkins, NASAA President and West Virginia Senior Deputy Commissioner of Securities, in announcing its findings of deficiencies in policies to protect seniors and vulnerable persons. “Our hope is that this data will foster greater and earlier detection and reporting of suspected financial exploitation of older Americans.” NASAA’s push for […]
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