by James Pfeiffer | Oct 10, 2019 | Risk and Compliance
Audit Ready Incentive Compensation The increasing cost of compliance and oversight – in time and money – is something investment services firms face every day. From internal audits that scrutinize our processes to regulatory bodies like FINRA and the SEC that scour...
by Kristefor Lysne | Aug 23, 2019 | Risk and Compliance
Customer Asset Transmit Rules One of our clients came to us with a problem; how to comply with customer 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...
by James Pfeiffer | Aug 15, 2019 | Operational Excellence
Spreadsheet Dependency Dependency on spreadsheets exposes an investment services firm to risk, especially when they rely on spreadsheets for their business-critical functions (such as managing their incentive compensation program). If spreadsheets play an integral...
by James Pfeiffer | Jun 3, 2019 | Risk and Compliance
The Financial Industry Regulatory Authority (FINRA) regulates 3,600 member firms and nearly 630,000 registered reps and conducts over 2000 member firm examinations each year. FINRA conducts routine examinations of broker-dealers checking for compliance with industry...
by James Pfeiffer | Apr 18, 2019 | Risk and Compliance
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...
