New SEC proposed rule: Business Continuity and Transition plans

The SEC is proposing a new rule that would require SEC-registered investment advisers to adopt and implement written business continuity and transition plans in order to legally operate under SEC jurisdiction. If adopted, the rule would have significant impact on investment advisers. In this ComplianceCast Minute, Ascendant’s Gena Dirani discusses the proposal, its key requirements … Continued

Social Engineering: The Weakest Link

In this ComplianceCasts Minute, we discuss the growing concerns of social engineering. What is social engineering? This non-technical method of hacking forms one of the weakest links in a firm’s security because it relies solely on human interaction. Even with state-of-the-art security in place to protect a firm, lacking the knowledge to identify and prevent … Continued

The Cybersecurity Sweep Exam Results and What It Means for Compliance

In this ComplianceCasts Minute, Ascendant consultants Jackie Hallihan and Eugenie Warner discuss the results of the SEC’s Cybersecurity Sweep Exam. Covering how firms identify cybersecurity risks, establish cybersecurity policies, procedures and oversight processes and more, the cybersecurity sweep is just the beginning as OCIE’s 2015 Examination Priorities indicate that cybersecurity will again be a risk … Continued

Latest Content

Past Conference Speaker Inspiration for The Rock’s Next Blockbuster

If you attended Ascendant’s 2016 San Diego conference,  you will no doubt remember our outstanding keynote speaker, Jeff Glasbrenner. Jeff is a below-the-knee amputee who was fresh off becoming the first American amputee ever to scale Mount Everest. In San Diego, he spoke about turning challenges into triumphs, and about succeeding in the face of … Continued

Relief at Last – New Guidance on Inadvertent Custody

The SEC quietly provided additional guidance to the industry about inadvertent custody in supplemental responses to the Custody Rule FAQs. In Question II.11 and II.12, the SEC stated that it would not recommend enforcement against an adviser that does not have a copy of a client’s custodial agreement, and does not know or have reason … Continued

Standards of Business Conduct: Personal Trading and Beyond

One of the most important assets a firm can possess is a sterling reputation, and maintaining such a reputation involves proactive attention. While most firms address standards of business conduct in their Codes of Ethics, it’s important to periodically reassess and update them. By incorporating technology, firms can mitigate reputational risk and maximize efficiency throughout … Continued

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