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InvestorCOM spoke with David Porteous, Partner at Faegre Drinker and Mitchell Atkins, Principal at FirstMark Regulatory Solutions to discuss the SEC’s and FINRA’s perspectives on the recent Reg BI cases.   Parham Nasseri [PN]: With all the rhetoric we’ve seen in recent cases, specifically on the Reg BI front, what do you see as the […]

The value of deploying the right compliance technology is clear: it will save your firm money, it will align with the rules and regulations it is supposed to support, and it will be highly configurable so you can put your firm’s stamp on it.  These are all incredibly valid points that contribute to the value […]

In 2021, the Canadian Securities Administrators (CSA) introduced the Client Focused Reforms (CFRs) in two phases: first the implementation of the Conflicts of Interest rules, and the remainder came into effect on December 31, 2021.   The CFRs are holistic in nature and are based on the fundamental principle that clients’ interests must come first when […]

InvestorCOM recently chatted with Rick Ohlrich, CCO at RFG Advisory to discuss practical steps to meet PTE 2020-02 requirements.   Parham Nasseri [PN]: Given that a specific requirement from PTEs FAQs requires an outright disclosure to the investor around why a rollover is in the investor’s best interest – what are some prudent steps you’ve […]

InvestorCOM recently chatted with Tom Selman, founder of Scopus Financial Group for his insights on how to get ahead of the PTE 2020-02 annual retrospective review process.   Parham Nasseri [PN]: Tom, there’s been a notion that now there needs to be this retrospective review process. Just practically, or maybe even strategically, what does this […]

InvestorCOM recently spoke with Jeffrey Wilk, Director at Oyster Consulting LLC, Rick Ohlrich, Chief Compliance Officer at RFG Advisory and Rob Dearman, CEO and Chief Innovation Officer at DCG Insight to discuss best practices in adopting organizational change, how one RIA firm is leading the transition to technology, and tips to reducing compliance project friction. […]

InvestorCOM recently chatted with Tom Selman, Founder of Scopus Financial Group and Rob Dearman, CEO and Chief Innovation Officer at DCG Insight to discuss the history on rollover recommendations, the drivers behind the growth of the rollover market, and the why behind the regulatory requirement to evaluate reasonably available alternatives (RAA). Parham Nasseri [PN]: Tom, […]

The U.S. Department of Labor’s (DOL) Prohibited Transaction Exemption 2020-02 (PTE 2020-02), Improving Investment Advice for Workers & Retirees has been in effect for more than a year. However, enforcement of the requirement to provide investors in writing of the specific reasons why a rollover recommendation is in their best interest has been deferred until […]