Carlo V. di Florio

  • Disaster Recovery Plans and Succession Planning

    By Les Abromovitz  |  January 1, 2012

    RIAs owe a fiduciary duty to clients to prepare for disasters and other contingencies. If an RIA does not have a disaster recovery plan, clients’ financial well-being may be jeopardized.  RIAs should also engage in succession planning, ensuring a smooth transaction if an owner or principal leaves.   

  • Risk-Based Oversight of Investment Advisors

    By Les Abromovitz  |  January 1, 2012

    Even if the SEC had a larger budget and more resources, it is doubtful that the Commission would have the resources to regularly examine all RIAs. Therefore, the SEC is likely to continue relying on risk-based oversight to fulfill its mission of protecting investors.

  • Differences Between State and SEC Regulation of Investment Advisors

    By Les Abromovitz  |  January 1, 2012

    States may impose licensing or registration requirements on IARs doing business in their jurisdiction, even if the IAR works for an SEC-registered firm.  States may investigate and prosecute fraud by any IAR in their jurisdiction, even if the individual works for an SEC-registered firm.

  • Regulatory Oversight of Investment Advisors

    By Les Abromovitz  |  January 1, 2012

    Although the regulatory environment is in a state of flux, it is imperative that RIAs adhere to their compliance obligations. To ensure compliance, RIAs and IARs must fully understand what those obligations are.

  • GroupThink

    By Staff Writer  |  February 1, 2010

    ? At the 2010 Investment Management Consultants Association (IMCA) New York Consultants Conference on January 10, IMCA introduced its new president, John Granzow, who began...

  • SEC's Exam Division Gets New Director

    By Melanie Waddell, AdvisorOne  |  January 5, 2010

    The SEC has appointed Carlo V. di Florio as director of the agency's embattled Office of Compliance Inspections and Examinations, which received a lot of scrutiny from Congress and the industry for failing to detect the Bernie Madoff Ponzi scheme.

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