SEC’s heightened interest in the older set means advisors should pay heed
Questions of diminished capacity, appropriate investing strategy apply
Biz Briefs: SEC cracks down anew on RIA reverse churning ~ Envestnet borrows $350 million to buy its own stock ~ Fidelity is creating a crypto waiting list while exec questions crypto ecosystem
Fed up SEC is ready to take on all nonsense at once; stock shocks, Orwell's new name game; Fidelity hosts a line dance
November 18, 2022 at 2:56 AM
NCS Regulatory Compliance
Top Executive: Mark Alcaide, COO/Partner
Les, I agree with what you say about the need for policies; that is, that policies aren’t for the 99.99% but they’re for the 00.01%. And as for “robust” – yes, even the best of policies need to be reviewed…and occasionally updated…to ensure their continuing applicability and effectiveness. Most of all, continual monitoring, measurement, and analysis help keep policies effective. Indeed, it isn’t an ideal world.
Thanks for the sage advice.