April 2020 Broker-Dealer Newsletter
ACA Broker-Dealer Services invites you to download the latest edition of our newsletter via the link below. This issue highlights:
- Consolidated Audit Trail, Where Are We Now?
- The SEC Publishes FAQs for Reg BI
- FINRA 2020 Risk Monitoring and Exam Priorities
- OCIE 2020 Exam Priorities Letter
- NASAA Survey About Reg BI Implementation
- FINRA Regulatory Notice 20-08: Pandemic-Related Busines Continuity Planning, Guidance, and Regulatory Relief
- FINRA Weekly Update Email - Coronavirus Disease (COVID-19)
- Regulatory Notices, Updates, and Rule Changes
- Important Dates
If you have any questions or concerns about these topics, please contact your ACA consultant or Dee Stafford.
Upcoming Events
ACA Annual Conferences
- Spring Conference Webcast Series Join us Wednesdays and Fridays throughout the month of May.
- Fall 2020 Compliance Conference Join us September 30 to October 2, 2019 in Carlsbad, CA for ACA's Fall 2020 Compliance Conference.
FINRA Conferences
- 2020 Small Firm Conference November 11 – 12, 2020, Santa, Monica, California
Broker-Dealer Quick Reference Guide
ACA has put together a Broker-Dealer Quick Reference Guide to assist firms with understanding compliance standards. Click here to request a copy of the guide.
Additional Resources
Regulation Best Interest Resources
ACA’s Broker-Dealer practice assists our clients with navigating the SEC’s Regulation Best Interest (Reg BI) through educational resources and alerts, program reviews, assistance designing and implementing a customized action plan to meet Reg BI’s requirements, and more. Visit our Reg BI Resources page to find out how ACA can help you comply by June 30, 2020.
COVID-19 Resources
ACA is actively monitoring the developments related to COVID-19 and producing resources to help your firm address operational challenges created by this pandemic. Visit our COVID-19 Resources page to access all of the resources we've developed that may help your firm navigate through the restrictions in place to curb the pandemic.
Related insights
Bundled Research Payments – Is It Really New, or Just Déjà Vu?
The FCA published Consultation Paper CP 24/7 introducing “payment optionality” for investment research.
- Compliance
- FCA
Implementation Challenges of the Private Fund Adviser Rules for Large Private Market Advisers
We drill down into the challenges specific to large private market firms when implementing the Private Fund Adviser Rules.
- Compliance
- Private Fund
- SEC
- Performance
SEC Examinations Division to Evaluate Firms’ Readiness for T+1
The SEC Examinations Division issued a risk alert reminding broker-dealers, clearing agencies, and investment advisers of their new obligations in connection with the transition to T+1 settlement of certain securities transactions.
- Compliance
- SEC