Compliance Building

What’s with the fake profiles on Facebook, Instagram, or your social networking platform of choice reaching out to you? It’s likely the first step in a “relationship investment scam” or �...

https://www.compliancebuilding.com/2024/09/23/the-one-with-pig-butchering/

Of the nine marketing cases released by the SEC recently, one caught me off-guard and has left me concerned. Say you’re a proud alumni of Notre Dame. You want to be associated with the athletic...

https://www.compliancebuilding.com/2024/09/20/the-one-with-the-official-wealth-management-partner-of/

I’m old enough to remember when stock prices were quoted in eights. They had been marked that way for 200 years on the New York stock exchange. Then they were shifted to decimals. That pushed t...

https://www.compliancebuilding.com/2024/09/19/cut-those-pennies-in-half/

Can an investment adviser really say that they don’t have any conflicts of interest? You certainly can’t say that the firm “provides conflict-free advice” on the website when your Form AD...

https://www.compliancebuilding.com/2024/09/18/the-one-with-no-conflicts/

There are a few different ways to calculate Assets Under Management. The SEC has prescribed ways to calculate Regulatory Assets Under Management. Often AUM and RAUM will differ depending on an ad...

https://www.compliancebuilding.com/2024/09/17/the-one-with-11-trillion/

The Denver office of the Securities and Exchange Commission has rolled up a bunch more whistleblower rule violations. This follows up with last week’s settlement with Nationwide Planning for im...

https://www.compliancebuilding.com/2024/09/12/more-whistleblower-actions/

The Securities and Exchange Commission continues its relentless assault on firms that have allowed employees to use text messages, WhatsApp, private email, or other “off-channel communications...

https://www.compliancebuilding.com/2024/09/10/another-49-million-in-fines-for-texting/

In response to a Congressional mandate in Dodd-Frank, the Securities and Exchange Commission adopted Rule 21F-17 in August 2011, which provides: (a) No person may take any action to impede an i...

https://www.compliancebuilding.com/2024/09/05/broker-dealer-and-investment-advisers-hit-with-violation-of-whistleblower-protections/

Investments advisers had been excluded the definition of “financial institution” under the Bank Secrecy Act. At least until today. The Financial Crimes Enforcement Network at Treasury issued ...

https://www.compliancebuilding.com/2024/08/28/explicit-anti-money-laundering-countering-the-financing-of-terrorism-rules-put-in-place-for-investment-advisers/

Just in time for a governor to be selected to the presidential ticket, the Securities and Exchange Commission levied a big fine for violating the Pay-to-Play Rule for Investment Advisers. Obra Ca...

https://www.compliancebuilding.com/2024/08/22/another-terrible-pay-to-play-case/