FINRA’s Exam and Risk Monitoring Reg BI Edition

FINRA 2022 Report – Exam and Risk Monitoring: Reg BI Edition

Today, FINRA published the 2022 Report on FINRA’s Examination and Risk Monitoring Program. For firms that are impacted by Regulation Best Interest (Reg BI), this regulatory report is certainly insightful. It addresses over 20 regulatory areas, adding new topics including Reg BI exam findings and effective practices. Since 2020, InvestorCOM has been helping wealth management […]

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Client Focused Reforms & KYP: Day 2 and Beyond

ON-DEMAND WEBINAR It’s been just over a month since Client Focused Reforms (CFR) came into effect.  In our conversations with dealers, the vast majority have met the KYP requirements by deploying technology or meeting the requirements manually, while some have adopted a ‘wait and see’ approach. Join us on February 17  to hear industry experts […]

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Top 5 Highlights of the New DOL PTE 2020-02 Requirements

Top 5 Highlights of the New DOL PTE 2020-02 Requirements

Wondering how the new DOL PTE 2020-02 requirements apply to investment advisers already acting as fiduciaries? Read on. On January 31, the U.S. Department of Labor (DOL) will start enforcing Prohibited Transaction Exemption (PTE) 2020-02, the new rule for investment advice fiduciaries concerning the rollover and retirement plan advice they provide. Later this year, on June 30, the DOL will start enforcing the documentation and disclosure requirements […]

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InvestorCOM Hamilton Niagara Top Employer 2022

InvestorCOM Recognized as a Top Employer for 2022

InvestorCOM is named a Top Regional Employer in the Hamilton-Niagara Region for the fifth year in a row. Brantford, ON, January 11, 2022 – InvestorCOM, a leading regulatory software provider to the wealth management industry, today announced the company has been named one of Hamilton-Niagara’s Top Employers for 2022. This marks InvestorCOM’s fifth year winning […]

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Reg BI and PTE 2020-02 Compliance Priorities

ON-DEMAND WEBINAR 2022 will likely bring an abundance of compliance priorities for wealth firms and financial professionals. Much has been reported about the limited adoption of Reg BI, specifically as it pertains to the Care Obligation and the requirement to assess reasonably available alternatives. Moreover, the DOL’s PTE 2020-02 and SEC have magnified the level […]

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Implementing KYP: Client Conversations and Firm Preparedness

Implementing KYP: Client Conversations and Firm Preparedness

Throughout the CFR journey, InvestorCOM has met with regulators, wealth leaders and many compliance experts around the principles-based elements of the reforms. We are proud to have helped dozens of firms meet their KYP requirements with confidence. Reflecting on the approach firms are taking towards implementing a solution for the CFRs, we can group firms […]

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Advisors Require Tech as Pre-trade Obligations Grow

Advisors Require Tech as Pre-trade Obligations Grow

Firms that deliver on digital documentation and disclosure will reduce audit risk The wealth industry has faced an unprecedented wave of new regulations over the last decade, and 2022 may be the most challenging regulatory year yet for firms. In Canada, the client-focused reforms (CFRs) will be in effect in the new year. In the U.S. regulation […]

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Wealth Firms Use InvestorCOM to Meet KYP Requirements for the Client Focused Reforms

Wealth Firms Use InvestorCOM to Meet KYP Requirements for the Client Focused Reforms

Firms use InvestorCOM’s compliance platform to satisfy KYP requirements: assess and monitor product shelf for material change and compare and document reasonable product alternatives. Toronto, ON, November 23, 2021 – InvestorCOM, a leading regulatory software provider to the wealth management industry, today announced that several Canadian investment dealers, with close to $1 Trillion of assets […]

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Reg BI’s Care Obligation Under Scrutiny by SEC

Reg BI’s Care Obligation Under Scrutiny by SEC

On March 3, 2021, the US Securities and Exchange Commission (SEC) Division of Examinations announced its examination priorities including a greater focus on Regulation Best Interest (Reg BI). Reports from October 2021 suggest the SEC is making good on its promise by sending a large number of broker-dealers Reg BI exam deficiency letters. Reg BI […]

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Canadian RegTech Awards Best Wealth Management Regulatory Solution

InvestorCOM Recognized as Best Wealth Management Regulatory Solution for the Client Focused Reforms

Canadian RegTech Award recognizes InvestorCOM’s significant achievement and innovation in the advancement of regulatory technology. Toronto, ON, November 16, 2021 – InvestorCOM, a leading regulatory software provider to the wealth management industry, today announced that its compliance platform for meeting the Know Your Product (KYP) requirements of the Client Focused Reforms (CFRs) has been recognized […]

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