MFDA report shows that many firms are failing to make a genuine effort to implement new regulations
New bulletin also states that the SRO is concerned about the prevalence of reps falsifying client signatures
New areas of focus include ETFs, variable annuities and liquidity controls
New system needs more work to mesh with firms’ internal systems
The new tools will provide financial services firms and their compliance officers better oversight in managing advisors’ electronic communications
Hearsay Messages will allow advisors to access work and private phone numbers on one device
Although the dealer’s policy manual is long and dull, you need to find the time to read it and remain fresh on the issues
It’s becoming more important for advisors to leverage technology to maintain an audit trail showing compliance that you’re doing the right thing
Compliance needs to become a critical component of doing business, both for you and your staff
The regulator’s compliance exams found weak suitability controls and significant weakness in supervision