Reality Check: Introducing the New SEC Marketing Rule

May 4, 2021 7:30:00 AM / by Karen Mauk posted in SEC, SEC Rule, SEC Updates, Compliance

The new SEC marketing rule calls to mind the Peter Parker principle: "With great power comes great responsibility." (Any Spider-Man fans out there?) The marketing rule consolidates two outdated rules and accounts for updated technology, like social media. It was a long time coming, providing a much-needed update to advertising regulations in place since 1961 and cash solicitation rules in place since 1979Now, advisers can choose whether to implement the rule on or after the effective date of May 4, 2021, or wait until the compliance date of November 4, 2022. But here's the catch: advisers who act now must comply with the rule in its entirety; that is, no cherry-picking some rule requirements and ignoring others. It’s a big decision, and advisers aren’t taking it lightly.

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How Technology Helps CCOs Manage RIA Compliance

Apr 13, 2021 7:30:00 AM / by Alec Cheung posted in Compliance Technology, Technology

Think back to when you were a kid. You could take the time to learn new skills. Responsibilities were minimal. Everything seemed possible. Now, time is a valuable commodity. Responsibilities compound. And it often feels impossible to keep up with everything you need to do. For chief compliance officers (CCOs), busy schedules and paperwork pileups can be debilitating. These pitfalls can easily erode the hard work you consistently put into your business.

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SEC Examination Priorities for 2021

Mar 5, 2021 3:24:04 PM / by Joot posted in SEC, SEC Examinations

On March 3rd, the SEC released its examination priorities for 2021. Here’s what they called out:

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New York Finally Requires Investment Adviser Representatives to Register

Jan 27, 2021 9:09:49 AM / by Joot posted in Investment Advisers, New York

All states except New York have long had an individual registration requirement for investment adviser representatives (IARs). But that’s about to change.

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How to manage SEC compliance remotely

Nov 20, 2020 11:30:00 AM / by Yuri Bredle

Written By Yuri Bredle

Managing compliance remotely comes with its own set of challenges; but as with any new task or discipline, it gets easier the more you do it.

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Reality Check: Best Execution and Selection of Mutual Fund Share Classes for Clients

Sep 24, 2020 1:15:00 PM / by Charles Black posted in SEC, SEC Updates, Compliance

By Charles Black

Reality Check is an occasional blog post series we do where we analyze actual SEC enforcement actions or examination experiences and give you a summary of what to expect in the “real world.”

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How Technology is Helping Business Finance

Sep 3, 2020 2:00:00 PM / by Lucy Lee posted in Guest Author, FinTech


by Lucy Lee

Financial technology or fintech for short is extremely beneficial for businesses due to its widespread utility. It refers to software, algorithms, and applications that are used on desktop and mobile platforms. These are used to manage investments, deposit checks, move money across accounts, and make payments. Without being aware of it, almost all consumers use fintech on a daily basis. However, it also provides many benefits to businesses for back-end and front-end processes. For instance, Bo J. Howell explains how automation has lowered transaction costs for investors, such as zero-fee ETFs, giving some businesses a competitive edge. In addition, it gives investors more options for managing their assets. It is also helping business in many other ways:

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Six Latest COVID-19 Risk Observations From the SEC

Aug 27, 2020 10:15:00 AM / by John Williams posted in financial crisis, Covid, Managing Risk

by John Williams
Director of Compliance Services at Joot

The Securities & Exchange Commission recently issued a Risk Alert to share some of the observations that the Office of Compliance Inspections & Examinations (OCIE) have seen during the COVID-19 pandemic.

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Managing Risk

Aug 13, 2020 2:00:00 PM / by Charlene Aldridge posted in Guest Author, Covid, Managing Risk

Foreword by Dina Tantra:
As we all continue to navigate the choppy waters of the global pandemic, managing and mitigating risk is yet another cause for sleepless nights.  Our guest blogger, Charlene Aldridge, CEO of Aldridge, Kerr & Associates, helps us to approach this through "Doable, Chewable Chunks ®."  Charlene walks us through the way to identify, evaluate, prioritize and mitigate risk. Charlene's boutique firm assists clients with operational needs through optimizing process and procedures.
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Virtualization for Startups and Small (or not so small) Businesses

Jun 25, 2020 11:14:00 AM / by Charles Hamparian posted in Technology, Virtualization, Cloud Computing

By Charles Hamparian
CEO of Sentience

In this age of cloud computing, smaller businesses have had increasing access to enterprise-class virtualization tools that were usually reserved for the largest organizations. By utilizing these protocols your organization can have the ability to work compliantly and remotely from anywhere in the world. Virtualizing your business means increased uptime and scalability while also drastically reducing overall running costs. A solid foundation on which to build your virtualized business should include the following:

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Navigating Business Continuity Plans post COVID-19:  Five Issues Independent Directors Need to Consider

Jun 18, 2020 10:45:00 AM / by Peg McLaughlin posted in Investment Advisers, Cybersecurity, Covid

By: Peg McLaughlin

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Crunch time: 10 Tips to Completing Your Form CRS

Jun 11, 2020 1:30:00 PM / by Alec Cheung posted in SEC, Compliance, Policies, Form CRS

With every new regulatory policy or form, the first time implementing it is always challenging. There are no models to follow or examples to guide you. Fortunately for our readers, we’ve cleared away some of the high brush to give you a clearer path.

Joot’s compliance experts have completed nearly two dozen Form CRSs for our clients. Based on that experience, here are 10 things to keep in mind.

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