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By Melanie Waddell, AdvisorOne |
March 19, 2012
Citing a lack of due diligence by broker-dealers, the SEC on Monday issued a Risk Alert on compliance measures to help BDs fulfill their due-diligence duties when underwriting offerings of municipal securities.
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By Melanie Waddell, AdvisorOne |
March 15, 2012
Carlo di Florio, director of OCIE, told CCOs that the SEC has hired 130 new examiners over the last 18 months and that the agency is focusing on three 'priority' areas when it comes to advisory firms.
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By Melanie Waddell, AdvisorOne |
February 28, 2012
The Risk Alert issued by the SEC warns that although BDs and RIAs are subject to different regulatory requirements, both face similar risks of financial and reputational losses arising from unauthorized trading.
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By Melanie Waddell, AdvisorOne |
February 1, 2012
Social media: Those two words have become ever present in our daily lives and it’s safe to say that, to some extent, a good portion of us use a social media outlet on a daily basis.
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By Melanie Waddell, AdvisorOne |
January 31, 2012
Carlo di Florio, director of the SEC’s Office of Compliance Inspections and Examinations, said Tuesday that the SEC is bent on “elevating” the role of compliance by “underscoring that it is not a responsibility that stops at the desk of the CCO."
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By Melanie Waddell, AdvisorOne |
January 31, 2012
Carlo di Florio, director of the SEC's Office of Compliance Inspections and Examinations, told AdvisorOne on Tuesday that the recent boost in funding that the SEC received from Congress is not enough to thwart the need for an advisor SRO.
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By Melanie Waddell, AdvisorOne |
January 4, 2012
The SEC on Wednesday charged an Illinois-based advisor with offering to sell fictitious securities on LinkedIn, and the agency also released three alerts warning advisors of the risks advisory firms and investors face when using social media.
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By Melanie Waddell, AdvisorOne |
December 2, 2011
The SEC's Office of Compliance Inspections and Examinations and FINRA issued on Wednesday a Risk Alert and a Regulatory Notice on broker-dealer branch inspections, and offered suggestions to help securities industry firms better perform this key supervisory function.
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By Melanie Waddell, AdvisorOne |
November 28, 2011
The SEC on Monday charged three investment advisors for failing to put in place compliance procedures designed to prevent securities law violations.
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By Melanie Waddell, AdvisorOne |
November 28, 2011
As uncertainty remains in the debate over whether an SRO should oversee advisors—and a new option of using outside auditors for advisor exams in lieu of an SRO was recently thrown into the mix—changes are afoot within the SEC’s exam division.
