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.
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Regulatory focus on off-channel communications: What you need to know for your compliance program
Off-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.
In the latest Compliance Review from Schwab, the author provides insights into regulatory trends and expectations in this area and considerations for firms as they work to design and implement effective compliance programs.
Compliance Reviews
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Considerations for choosing the right compliance consultant for your advisory firmFaced 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.
In the latest Compliance Review from Schwab, the author provides practical guidance advisors can use when vetting compliance consultants to make the right choice for each firm's specific needs.
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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.
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New amendments to the Marketing Rule: Key changes and practical considerationsThe SEC's amendments to Rule 206(4)-1 (the "Marketing Rule") of the Investment Advisers Act of 1940 went into effect in May 2021. The objective was to modernize advisors' marketing due to new technologies and methods of client outreach. However, many advisors continue to have questions about this complex rule and how it affects their business practices. In light of such concerns, we are re-distributing a 2021 Compliance Review that thoroughly discusses implications for advisors.
Read more Compliance Reviews
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