Is Compliance Expertise Required at the Board Level?

Historically, members of financial services firms’ boards of directors haven’t had much direct compliance experience. Instead, directors were chosen based on their business acumen. That trend may be changing as boards face mounting pressure to protect the companies...

Reducing the Burden of Rule 17j-1 Compliance

If your firm is subject to Rule 17j-1 (Personal investment activities of investment company personnel), it’s probably not the compliance team’s favorite rule. Rule 17j-1, like its counterpart in the Investment Adviser’s Act, Rule 204A-1, can be labor-intensive and...

ComplySci Appoints Amy Kadomatsu Chief Operating Officer

New York – July 9, 2018 – ComplySci, a leading provider of technology solutions that help financial services organizations stay ahead of risk, today announced that Amy Kadomatsu has joined the company as Chief Operating Officer. With an extensive background in...

ComplySci a Top 10 FinTech Solution Provider 2018

ComplySci is recognized by CFO Tech Outlook magazine as a Top 10 FinTech Solution Provider for 2018 in its annual listing of companies that are at the forefront of tackling customer...

Fostering and Measuring Company Culture for Financial Services Firms

Financial services firms have worked for decades to create and maintain cultures of compliance, with varying degrees of success. In a recent publication, “Transforming Culture in Financial Services,” the Financial Conduct Authority (FCA) explored the way culture is...

Is Your Firm Prepared for GDPR?

On 25 May 2018, the General Data Protection Regulation (GDPR), the European Union’s new data privacy regulation, will go into effect.  From that day forward, firms that handle data from citizens or residents of EU countries will be bound by the new rules. Failure to...

Understanding FINRA’s Proposed OBA Rule

In February, FINRA issued Regulatory Notice 18-08, requesting comments on a new rule that would replace current rules 3270 (Outside Business Activities of Registered Persons) and 3280 (Private Securities Transactions of an Associated Person.) If the new rule becomes...

Federally-Registered RIAs Should Expect More Remote Oversight in 2018

In 2012, the SEC examined approximately eight percent of registered firms. In 2017, approximately 15 percent of RIAs were examined, despite an increase in the number of registrants and the agency’s limited resources. How did they manage to nearly double the...