This month the Securities Exchange Commission published a proposal (IA-4888) for additional regulations for Broker/Dealers and Investment Advisers. Over the next few weeks, we will break this down so it can be more easily digested and not so frustrating for you. It feels like there’s a constant stream of new regulations and amendments that we must deal with, but with a little guidance, we can find simple solutions to these complex problems. IA-4888 was published this month wi

This is the final installment of our cybersecurity series. To catch up on our story, click here. The traffic back to the office was, of course, bad. Tom thought, “It's 11 o’clock! Why?” Sitting in a traffic jam on I-35, Tom thought he might as well make his time useful. He had cyber consultants, and the phone number was in his phone. This was a breach, and he did not know how it happened. Each gap between rings took forever. A familiar voice picked up the phone, “Hi, this is

To catch up on our story, click here. Like any other morning, Tom got ready for work and tried to get to the office before Rebecca, but like every morning he didn’t. He did notice when he pulled into his parking spot and turned on his phone that he had several voicemails. “That’s odd,” he thought, “it's not even 9 o’clock yet. I’ll check them at my desk.” Walking in the door, Rebecca wasn’t there, but he heard several voices in the back office. Danny and Rebecca were there on

To catch up on our story, click here. Tom only got through about half of the emails he wanted to. “Of course!” Tom kicked himself. Like every other day, it was already lunch hour out of the blue. Instead of lunch, Tom decided to send the due diligence files to Susan. During the meeting with the Bakers, the discussion deviated to oil and gas investments. Though not popular now, there was a convincing argument to diversify, enough to email them a brochure and schedule a follow

“Morning, Rebecca,” Tom said as he walked into his business. “Mornin’, Tom. How was Houston?” she asked with a classic smile. “Great clients! Horrible traffic.” “I hear you there, sir! That’s why I call Dallas home.” “Is Susan in? I need some advice. Holler at me when she comes in.” Tom said. “Now, I really need to get to that backlog of emails.” Tom was in Houston for most of the week and was in non-stop meetings with an oil and gas firm, a real estate investment trust and a

Disgruntled, Mrs. Anderson left the office with her acknowledgment form in her hand. Tom just thought, “What do I do now?” Then he remembered last year his friend Paul (who also ran an advisory business) had to deal with this. Quickly he picked up the phone. “P and B Advisory services, how can I help you?” a familiar voice came through the phone speaker. “Paul, it’s Tom. How are you doing?” with a relieved smile Tom replied. “Doing great, Tom, but I’m about done with this hot

“Well, Mrs. Anderson, what type of deck is he building?” You ask just to keep the conversation going. “What’s his name again?” “Tyler, Tyler Metters, and gosh it’s pretty big, even with a fire pit!” She said with a renewed excitement. “A fire pit?” “Yes!” “Wow, that is exciting! Are you going to start entertaining?” “Oh those days are long over…. just my daughter and a friend or two might come over.” “Hey, I have this simple form that I need you to go over. It’s just an ackno

“So, Mrs. Anderson, how are you doing today?” You ask trying to make small talk. “Oh good, I guess…” she hesitantly said. “What’s wrong?” “Well, ever since Bob died I’ve been having troubles. My social security was always coming like clockwork. Now it seems that I am getting barely ANYTHING of what I deserve! Uncle Sam seems to take and take!” This was strange. You have never seen her angry like this before. “When did this start happening?” “About two or three months after th

#FeeAudit #SecuritiesExchangeCommission #SEC #ComplianceServices #Formerregulators #RIACCIO #Wereheretogetyouthere #MeganCampbell #IvanBarretto #RIACompliance #Accounting #RIAComplianceConcepts #CollinOBryant #RegistrationServices #ComplianceNeedtoKnow

Mrs. Robinson is late again. Normally, this wouldn’t be concerning, but she missed her last meeting without any notice. She’s a sweet lady, recently widowed, and having patience with her is easy with that warm smile she has. After 15 minutes, you just surmise that she is not going to make it in today. Again. You feel the need to look out the front door of the office building on the off chance that she is pulling into the parking lot. As you walk down the hallways of your offi