# Regulatory Compliance

Asset Tracking Compliance

Asset Tracking Compliance

Asset Transmit Rules Compliance One of our clients came to us with a problem; how to meet asset transmit rules for managed money and mutual funds. Our solution: a workflow module for tracking, monitoring, and reporting on the location and status of customer funds. We...
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...

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