Compliance Insights
Access compliance commentary from some of the industry’s leading consulting firms and attorneys. Clients can use their Schwab Advisor Center® credentials to download full white papers.
Featured topic
Navigating the Challenges of Regulation S-P
The SEC adopted Regulation S-P in 2000 to address the privacy concerns of sensitive customer data. But as technology has evolved, so have the methods used by cybercriminals to exploit vulnerabilities in data security. In light of increasing threats to customer data, the SEC has amended Regulation S-P to enhance how firms protect customer data and ensure that customers are promptly informed when data breaches occur. The amendments go into force for "larger entities" on Dec. 3, 2025, and for smaller firms on June 3, 2026.
In the latest Compliance Review from Schwab, the authors summarize the amendments and describe how firms can ensure that they are well equipped to handle the growing risks.
Compliance Reviews
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Regulatory focus on off-channel communications: What you need to know for your compliance programOff-channel communications are a growing concern among investment advisors as well as regulators. As of August 2024, a myriad of firms have been charged for failure to meet recordkeeping requirements for off-channel communications, with collective penalties totaling more than $3 billion.
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Considerations for choosing the right compliance consultant for your advisory firm
Faced with growing federal and state regulations and increasing scrutiny, advisory firms need a well-developed, up-to-date compliance program to safeguard their clients, business and reputation. Many firms are turning to outside compliance consultants with specialized expertise to help navigate the increasingly complex regulatory landscape.
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Amendments to Form PF: Implementing the first phaseThe Securities and Exchange Commission's (SEC) recent amendments to Form PF introduce new reporting requirements for large hedge fund advisers and all private equity fund advisers. The amendments significantly expand the reporting obligations of affected advisers, including new requirements to report the occurrence of certain triggering events in a shortened timeframe.
Read more Compliance Reviews
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