Spring cleaning has begun – and the SEC is full steam ahead!

The SEC is moving beyond an adviser’s good faith effort to comply in the latest round of SEC Regulation Best Interest exams. While they can admit that there is still some learning and education to be done around this complex requirement, they still plan to ramp up on exams. This doesn’t necessarily mean enforcement letters […]

Newsletters

Acquiring new clients and communicating effectively with clients can be one of your biggest challenges. One of the easiest ways to continue the conversation is by creating a monthly or quarterly newsletter. Newsletters are a great way to establish expertise, build trust, and stay top of mind. Newsletters are a great tool for communicating services, […]

Highlights from 2018

It’s easy to get caught up in the everyday hustle of running your own business, managing employees and then going home to your family.  By taking a step back and looking at the big picture, we can better appreciate our accomplishments and learn from our failures.  This year has been great for My RIA Lawyer […]

Is it time to outsource that task?

Today, we’re discussing outsourcing. If you haven’t thought about it before, you might want to consider it after hearing from our guest. Our special guest this week is Jennifer Goldman. Jennifer is a CFP® with 25 years of experience transforming advisory businesses.  Through workshops and consulting services, she shares her passion with business owners around […]

Developing a Strategy for 2019

Can you believe how quickly the year flew by? As January quickly approaches, it’s time to think about your strategy for the new year. Where is your business currently? Where are you going? These are just a couple of questions you should be asking yourselves. Business Plan The purpose of a business plan is to […]

Steve’s Corner: Forecast or Fortune Telling?

Forecast or Fortune Telling? A recent survey found that the number one use of smartphones was to access weather forecasts.  People plan their activities and actions around these forecasts and have become heavily dependent upon their accuracy in their day to day lives.  What is truly amazing is that many business owners do not review […]

FINRA Expungements

FINRA and the SEC seek to make expungements more difficult. Background Through the expungement process, associated persons may seek to remove allegations made by customers from the Central Registration Depository (“CRD”) system and hence from the FINRA BrokerCheck (“BrokerCheck”) system. It has been FINRA’s position that expungement of customer dispute information is an extraordinary measure, […]

SEC Exam Priorities for 2018

On February 7th, the SEC’s Office of Compliance Inspections and Examinations (“OCIE”) released its annual examination priorities memo for 2018, providing insight into what the SEC will be looking for this year. The SEC identified five key themes that will be priorities for OCIE in 2018: Retail Investors, Compliance and Risks in Critical Market Infrastructure, […]

December 2017 Newsletter

Click here to check out our December 2017 newsletter! Be sure to sign up to get all of My RIA Lawyer’s newsletters delivered straight to your inbox. This month we discuss when you may be deemed to have custody of client funds and assets.  Also, January 1 is the last change to get $500 off […]

SEC Enforcement Division Issues Report on Priorities and FY 2017 Results

The Securities and Exchange Commission’s Enforcement Division issued a report highlighting its priorities for the coming year as well as a review of enforcement actions that took place during FY 2017. In the report, Co-Directors Stephanie Avakian and Steven Peikin stated their overall enforcement approach: “Vigorous enforcement of the federal securities laws is critical to combat wrongdoing, […]