# Compliance

FINRA’s 529 Initiative: Finding the Needle in the Haystack

FINRA’s 529 Initiative: Finding the Needle in the Haystack

Background In January of this year, FINRA launched an initiative to curb the sales of high cost 529 plan funds to investors. Specifically, they are reviewing the share classes recommended to these investors and if these recommendations met the suitability standard...
Ensuring Compliance with FINRA’s Trusted Contact Rule

Ensuring Compliance with FINRA’s Trusted Contact Rule

BACKGROUND In 2018 FINRA introduced the trusted contact rule. It requires that broker-dealer firms make reasonable efforts to identify a “trusted contact,” a person to contact if the firm has a concern that the client is incapacitated or is the target of a scam. It is...
The DOL Fiduciary Rule and Direct Mutual Fund Business

The DOL Fiduciary Rule and Direct Mutual Fund Business

The final Department of Labor fiduciary ruling was enacted this past April, with full implementation scheduled for April 10, 2017. While some have speculated that President-elect Donald Trump may try to repeal or at least delay the rule, betting on this can leave you potentially unprepared to comply on day one.

Data Validation in The Age of Audits

Data Validation in The Age of Audits

Like it or not, we are living in the age of audits. From internal teams that scrutinize our processes to regulatory bodies like FINRA and the SEC that scour over client data. The financial services industry has endured these necessary headaches for years, and until...

Newsletter Sign Up

Thank you for subscribing!