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Articles written by Guest Columnist Les Abromovitz


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Les Abromovitz: It will be of little consolation to clients to know that their advisors' nest eggs went down the drain along with their own.

SEC may tackle RIAs claiming to have 'skin in the game'

Heed the cautionary tale of the recent $1.6 million settlement against an RIA and its affiliated B-D that falsely claimed they co-invested in a fund

December 28, 2012 – 2:30 AM

Les Abromovitz: Policies and procedures can protect elderly clients who exhibit signs of a cognitive impairment.

Older investors' complaints deserve -- and receive -- special scrutiny from regulators

Examiners give seniors the benefit of the doubt in a complaint, making it imperative to keep meticulous records focusing on not just the 'what' but the 'why' of investment decisions

July 17, 2012 – 3:53 PM

Les Abromovitz: Loose lips can lead to information being made available to unintended persons -- which can also lead to insider trading.

Beware: RIA privacy breaches aren’t always high-tech

Bellowing that reaches the waiting room is one example of potential confidentiality-breaching behavior

June 20, 2012 – 3:48 AM

Les Abromovitz: The most significant compliance risks arise from structured programs that reward clients for each and every referral.

Where RIAs should draw the line in rewarding clients for referrals

By expressing your gratitude in a tangible form, you run the risk of turning your client into a solicitor

March 26, 2012 – 5:50 AM

Les Abromovitz: The SEC and state securities regulators want to prove they are aggressively overseeing RIAs.

Lost in limbo: How and why compliance officers can seem to thwart RIA marketing efforts

CCOs have valid reasons for poring over the content of any proposed articles coming from their firm -- but they owe you a quick response

February 22, 2012 – 3:52 AM

Les Abromovitz: "Social plug-ins,” such as the “like” feature, might be viewed by examiners as a testimonial.

Think about compliance before sending or posting those articles you read

A new SEC alert gives updated guidance regarding the pitfalls of using social media

January 23, 2012 – 4:40 PM

Les Abromovitz: You won't score points with examiners by having superfluous or irrelevant policies and procedures.

Recent SEC enforcement actions make annual policies and procedures exams even more important

Sprucing up your compliance manual early and often can prevent the SEC leaving coal in your Christmas stocking

January 5, 2012 – 4:59 AM

Les Abromovitz: A word or two can make the difference between a compliant video and one that is potentially misleading.

Why RIA videos are especially fraught with regulatory pitfalls

The productions are expensive so check with the CCO before rolling the cameras

December 5, 2011 – 4:21 AM

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