Reps acting contrary to MFDA rules
No pervasive compliance problems uncovered
PwC’s di Florio hired as compliance chief
Pace of regulatory change increasing
Lax enforcement is not the reason rules are ineffective; rather, the problem is largely one of compliance
UK, U.S. regulators have switched focus from principles to rules
For the second year in a row, advisors are satisfied with compliance, bucking the trend of years past
Inadequate supervision a common deficiency
Editorial
Having an effective compliance program is the only way firms can meet their regulatory responsibilities, the SRO says