Entries by Smarsh

Fiduciary Rule DOL/SEC Activity Update

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The U.S. Department of Labor (DOL), having released a request for comment which ended on September 15, 2017, announced an 18-month extension of full implementation of the Fiduciary Rule – pushing full implementation to July 1, 2019. On October 24, at the Securities Industry and Financial Markets Association annual conference Securities and Exchange Commission Chairman […]

OCIE Examination Identifies Most Frequent Advertising Rule Compliance Issues

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On September 14, 2017 the SEC’s Office of Compliance Inspections and Examinations (OCIE) identified several compliance issues relating to Rule 206(4)-1 (the “Advertising Rule”) under the Investment Advisers Act of 1940. OCIE identified these issues primarily through deficiency letters submitted to SEC-registered investment advisers as part of the SEC’s Touting Initiative.¹ The Advertising Rule prohibits investment […]

Moving Your Business Away from AOL Instant Messenger and Towards 2017

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On October 5th, AOL announced that its iconic messaging platform, AOL Instant Messenger (AIM), will End-of-life (EOL) on December 15th. Introduced in May 1997, AIM quickly became the communication tool of choice for individuals and businesses looking for more immediate and efficient ways to talk with friends, colleagues, and clients. At its peak in 2001, […]

Five Keys to Managing Risk Within Electronic Communications

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In today’s business environment where consumer trust means everything to a company’s success, it’s not enough for your organization to manage risk after the fact. You must spot it as soon it happens to prevent it from spiraling out of control and damaging your brand. While some companies now actively measure and try to manage risk, […]

MiFID II Shakes Up European Compliance Landscape

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The European Union (EU) issued an update to its Markets in Financial Instruments Directive (MiFID), which outlines the required compliance policies and procedures for any business with EU subsidiaries or operations in Europe’s investment services sector. Marianna Shafir, Smarsh corporate counsel and regulatory advisor, offers helpful insight into the changes—which take effect January 2018—in a Global […]

Smarsh Recognized with Social Media Thought Leadership Industry Award

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Smarsh is proud to have been named a winner of the Social Media Thought Leadership 2017 Wealth Management Industry Award during a formal gala dinner ceremony held at The Plaza Hotel in New York City on Oct. 11. WealthManagement.com is the digital resource of “all things wealth management” for financial advisors and estate planning professionals. WealthManagement.com […]

2017 Slack FRONTIERS Conference: A Roadmap for Success

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With a tagline like, “Where work in progress meets progress in work,” it’s easy to understand the focus of this year’s Slack FRONTIERS conference. Conference attendees, which included Slack customers, developers, and partners such as Smarsh, were given a roadmap for what’s in store to help teams become more efficient, and encourage the collaboration needed to […]

Form ADV Deadline is Rapidly Approaching. Are You Prepared?

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As of October 1, Registered Investment Advisors are required to submit new information on Form ADV. This updated two-part form is designed to provide the U.S. Securities and Exchange Commission (SEC) with more information about a firm’s services, including: whether or not they use an outsourced compliance officer, additional information about their 25 largest branches, […]

It’s a Social, Mobile World Out There, People

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In this article, originally published by CCI, Mike provides several tips for expanding  the compliance perimeter to include social media and text messages. Download the full article here. Compliance practices are being forever changed by the widespread adoption of mobile and social technologies, combined with shifting workplace demographics. Millennials—or those between the ages of 18 and 29—are putting […]

Preparing for MiFID II and its Global Impact With Help From Industry Experts

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Global market participants are racing to meet the 2018 deadline for Financial Instruments Directive (MiFID II). Beyond Europe, the market reforms are hitting home for U.S. financial markets, vendors, and financial services firms, which are overhauling operations and IT infrastructures. Marianna Shafir—Smarsh Corporate Counsel and Regulatory Advisor—will participate in a panel during the Navigating the […]