As an executive or manager, you could easily cross the line and engage in activities that require FINRA securities licensing. The result: potentially steep penalties and fines. By outsourcing your compliance function, you get the appropriate licensed oversight you need, and reduce your exposure to the risks of costly supervision mistakes.
If you are using algorithms in your fintech offering, keep in mind that major regulatory bodies are paying more and more attention. Knowing what the SEC, FINRA, the CFPB, and the FTC are looking for can help mitigate the risks. Start by factoring this into your compliance strategy, and then build the mechanisms you need to monitor and audit what your algorithms do.
Most businesses still have some form of remote work arrangements even as coronavirus restrictions ease. InnReg built remote work into its operating model from the very beginning. Here are seven lessons you can use to conduct remote operations as smoothly as possible. Contact us for a FREE review of your current situation.
Did you know that you can be held personally liable for your firm’s regulatory violations? If a Chief Compliance Officer (CCO) knowingly violates the Investment Advisers Act or engages in wrongdoing, the liability seems clear. But when CCOs lack essential skills and information for the CCO role, even their good faith efforts can become suspect.
As a regulatory attorney or legal adviser, you want to make sure your clients succeed and avoid risk. As part of meeting your responsibilities It’s helpful to understand what makes or breaks your clients’ compliance programs. In addition, the more you know about what compliance consultants and service providers can do, the better you can serve your clients with meaningful counsel over the long haul.
