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The SEC wants you to consider the catastrophes

How an RIA should prepare for the worst

Author Les Abromovitz, Guest Columnist April 7, 2010 at 5:45 AM
1 Comment
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Les Abromovitz: Solo practitioners need to have a succession plan, too.

RIA Compliance

Michael Price

Michael Price

March 17, 2011 — 7:09 PM

Hi Les, I apologize this comment is so overdue but I just wanted to say how much I enjoyed this article, especially your wise insistence on “hoping for the best and planning for the worst.” It is so important that RIAs implement appropriate systems in their firms to both protect against threat, but also make it possible to quickly and reliably recover from disasters of all sizes should they ever occur.
If you have a second, you may enjoy taking a look at one of my articles, the World’s Worst Disaster Recovery Plan (http://discussionondigitalcompliance.com/2011/02/07/the-worlds-worst-disaster-recovery-plan/).
The worst part is this plan was actually passed by an SEC auditor!

Mentioned in this article:

NCS Regulatory Compliance
Consulting Firm
Top Executive: Mark Alcaide, COO/Partner

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