Regulatory changes for advisors became effective on October 1st. Review today’s blog to make sure your team is prepared.
If you’re still sending your clients’ full account numbers and other personal information in unencrypted email, you might as well write out all their information on a tiny letter, attach it to a pigeon’s foot, and send it out into the great wide open for anyone to find. It might seem like a ridiculous analogy, but the security risk is the same.
OFAC (Office of Foreign Assets Control) regularly posts updates to its list of Specially Designated Nationals (SDN) and Blocked Persons that identifies individuals and companies owned or controlled by, or acting for or on behalf of, specific countries as well as individuals, groups and entities, such as terrorists and narcotics traffickers.
Just as a new year seems to give new life to people and businesses everywhere, it also brings new initiatives and focus to organizations like the Securities and Exchange Commission (SEC). In a recent speech to the New York Times DealBook Opportunities for Tomorrow Conference, Chair Mary Jo White spoke about what the SEC will be focusing on in the year ahead for the asset management industry.
Many advisors know Riskalyze for its invention of the Risk Number, which helps you show prospects they’re invested wrong, and prove to clients they’re invested right. But a newer product from Riskalyze is applying the power of the Risk Number to the problem of compliance — and with seamless Orion integration, it can be just a click away.
The next time you think you’re having a bad day at the office, just remember that employees at the Securities and Exchange Commission misplaced as many as 202 laptops that may contain sensitive, nonpublic information.
In the classic Aesop fable “The Lion and the Eagle,”an eagle attempts to convince a lion to form a mutual alliance. The lion, however, is skeptical and says “How can I trust anyone as a friend who is able to fly away from his bargain whenever he pleases?”
When you need to buy a new couch or television there are a hundred websites and consumer reviews to help you decide which one is right for you. Sometimes, though, you need to see a product in the store first and put your hands on it before you can be confident with your decision. A friend’s opinion might weigh heavily on your mind too.