Learn about the SEC’s recent enforcement actions in response to Form CRS failures and get help meeting regulatory obligations to ensure RIA compliance.
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.
Remember when you were in college studying for tests and you’d look for one of the fraternity/sorority test files to help you prepare? Then you’d go into take the actual test and some of the questions were exactly the same and you knew the answer without even reading the entire question. Well, folks, it isn’t often that the SEC gives us a sneak peak behind the exam curtain to tell us exactly what they’re looking for when they schedule a regulatory examination, but guess what?! They just did that exact thing in one of their most recent OCIE Risk Alerts.