Post Top Ad

Your Ad Spot

Blog Archive

Monday, August 17, 2020

SEC Risk Alert - Covid-19 Compliance Risks

August 17, 2020.  In light of the ongoing pandemic, the SEC Office of Compliance Inspections and Examinations (“OCIE”) issued an alert to identify a number of COVID-19-related issues, risks, and practices relevant to SEC-registered investment advisers and broker-dealers.  View Risk Alert Here

  • Protection of Investor Assets
  • Use of videoconferencing   
  • Supervision of Personnel
  • Fees, Expenses, and Financial Transactions
  • Investment Fraud
  • Business Continuity 
  • Protection of Sensitive Information
According to the OCIE, "Vulnerabilities around the potential loss of sensitive information are attributed to, among other things: (1) remote access to networks and the use of web-based applications; (2) increased use of personally-owned devices; and (3) changes in controls over physical records, such as sensitive documents printed at remote locations and the absence of personnel at Firms’ offices."


       FIN Compliance Products and Services 

RIA Registration Services:  New/existing firms.
RIA Compliance Consulting:  Ongoing/annual services.
Compliance Management System: Compliance portal for resources, forms, and checklists.
Business Management System: Business portal for file sharing, e-contracts, and more. 
Advisor Continuity/Solicitor Support:  RIA Succession/continuity/solicitor services.
Business/Referral Network: Inquire about advertising/consulting projects. 

Our Approach

Compliance Management - We work with companies who are seeking to manage their compliance obligations - serving more than 175+ firms with compliance services and a system of SEC and state regulatory resources located on one site.

Business Management - We provide firms with task-management processes and a business directory to connect with other firms for continuity, succession planning, partnerships, and deal flow.  Also, we have a small network of referral partners for practice management, operations workflows, accounting, and website design.

Needs Analysis Workflow - We work with firms in determining their compliance management priorities.  During/after a need’s analysis, we provide firms with compliance/business service options to address those needs and will provide firms with sample workflows for task delegation purposes.

Audit Preparation - We help firms in addressing compliance deficiencies while acting as an intermediary for resolving issues between (you) the advisor and regulators/examiners. We can also assist firms in audit prep measures.

Regulatory Changes - We research regulatory updates from state, SEC, and/or FINRA jurisdictions. We’re here to help as some rules/regulations may be amended over time.

About FIN Compliance 

FIN Compliance  (FinCompliance.iois a consortium of compliance, consulting, and business management solutions designed to help boutique investment firms to structure, maintain, and develop their internal regulatory review programs.  

Our product line consists of:  RIA Consults-Roberson Consults Group, a compliance consulting firm, RIA Review, a compliance-management system, B-D Review, a Hybrid-management system (est. in 2020)*, and FIN Lancer, a Business/Task Management system. 

Impact/Missions - see website

Contact:  Cory Roberson -  

No comments:

Post a Comment

Post Top Ad

Your Ad Spot