Reg BI’s Care Obligation requires a financial professional to consider reasonably available investment alternatives (RAA) offered by the broker-dealer (refer to “Reg BI’s Care Obligation and Reasonable Alternatives” for more information on this topic). While some may have implemented an RAA process for assessing mutual fund and ETF recommendations, Variable Annuities (VAs) may present yet […]
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Webinar: Tuesday February 2, 2021 11.00 am – 11.45 am ET The Client Focused Reforms (CFRs) introduces new Know Your Product (KYP) provisions for investment dealers and their representatives. In a recent wealth management industry survey, we found that the KYP obligations for dealers and advisors are a tangible implementation challenge for many. Attend our […]
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Webinar: Thursday January 28, 2021 1.00 pm – 1.45 pm ET It has been six months since Reg BI’s best interest standard went into effect. Initially, the regulators required that firms make “good faith” and reasonable efforts to ensure the principles of the regulation were in place. However, the SEC recently shifted gears. Starting […]
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RegTech100 honors InvestorCOM and its innovative platform for enabling financial firms to stay ahead of the evolving regulatory environment and eliminate regulatory risk. Toronto, ON, December 2, 2020 – InvestorCOM, the leading provider of regulatory compliance software and communications solutions for the financial services industry, today announced that it has been recognized as one of […]
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InvestorCOM is one of 20 companies to win the 2021 Hamilton-Niagara Top Employer Award Toronto, ON, November 26, 2020 – InvestorCOM, the leading provider of regulatory compliance software and communications solutions for the financial services industry, today announced the company has been named one of Hamilton-Niagara’s Top Employers for 2021. The Hamilton-Niagara Top Employers awards is […]
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Last week, the MFDA and IIROC published their much-awaited versions of the Client Focused Reforms (CFRs) (MFDA’s publication – IIROC’s publication). These versions are aimed to amend the Self Regulatory Organization’s (SRO’s) rules to adhere to provincial regulators’ requirements. The combined efforts of the provincial regulators and the SROs are intended to result in a […]
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Under the Securities and Exchange Commission’s (SEC) Regulation Best Interest (Reg BI) rule, broker-dealers (B-Ds) are mandated to act in the clients’ best interest. To do this, they must adhere to their obligations of disclosure, care, conflicts of interest and compliance. With the regulations now in effect, B-Ds have taken steps to achieve various degrees […]
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Doug Trott and Donna Fontana bring more than six decades of executive leadership and financial services expertise to InvestorCOM Toronto, ON, October 26, 2020 – InvestorCOM, the leading provider of regulatory compliance software and communications solutions for the financial services industry, today announced that Doug Trott, former CEO and Board Chairman of PriceMetrix and Donna Fontana, […]
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The recent pressures of the COVID-19 pandemic, combined with growing investor demand for digital communication, have caused financial industry participants to advocate that the SEC shift the default delivery framework for investor communications from paper delivery to electronic delivery. Although the SEC has yet to make that shift, the agency nevertheless permits broker-dealers and investment […]
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InvestorCOM DOX enables users to order, customize and deliver personalized marketing documents and kits on demand, lowering costs and improving the client experience. Toronto, ON, September 14, 2020 – InvestorCOM, the leading provider of regulatory compliance software and communications solutions for the financial services industry, today announced that leading financial services providers, IG Wealth Management […]
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