Renee Michelle Penko will spend 30 days in jail
The RAC serves as a forum to discuss compliance and registration issues
Inadequate due diligence on products a “common contributor” to suitability failings
Compliance reviews are increasingly leading to enforcement action
The regulator expects the new structure to increase compliance efficiency and effectiveness
Take these four steps to avoid mistakes that can cost advisors their livelihood
Some registered firms are not establishing an adequate compliance system
If you can’t read and digest all the rules, make sure to understand the principles behind them
By removing friction, adding convenience and changing the value proposition, you can protect your practice from the growing influence of robo-advisors
A 2016 review found weaknesses in the firm’s internal controls and supervisory systems