Two RegEd representatives have received nominations for the prestigious SILA President’s Award, while RegEd has been nominated for the SILA Organization of the Year Award RegEd, the industry’s most trusted provider of distribution management solutions, including onboarding, licensing, registration and data maintenance, today announced nominations for two accolades from the Securities & Insurance Licensing Association (SILA): the President’s Award and Organization of the Year Award. These nominations reflect RegEd’s unwavering dedication to the SILA cause and to advancing the role of licensing and registration in the financial services industry. The SILA Awards program celebrates exceptional contributions by individuals and organizations, […]
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Navigating Regulatory Disparities: Broker-Dealer Branch Office Inspections
Introduction The financial services industry is constantly evolving, and regulatory bodies play a pivotal role in protecting investors as well as maintaining the integrity and stability of the markets. Recent enforcement events are at the center of a regulatory conundrum. Maine has sanctioned at least 28 broker-dealers so far this summer for failing to conduct annual onsite branch office inspections, drawing attention to the compliance challenges broker-dealers faced due to the lack of uniformity within the regulatory landscape. Maine isn’t the only state with an annual onsite branch office inspection requirement. The Regulatory Dilemma The heart of the issue lies […]
Continue readingMore TagRegEd Recognized as a Top Innovator in the InsurTech Sector as a Member of the 2023 InsurTech100
The annual list identifies the world’s most innovative providers in the insurance technology market that are helping insurers address their most pressing compliance and operational challenges. RegEd, a leading provider of compliance and credentialing solutions for the insurance industry, is proud to announce its inclusion in the 2023 InsurTech100 list. This annual ranking, published by specialist research firm FinTech Global, highlights the most innovative and transformative technology companies reshaping the insurance sector. In an era marked by rapid digital transformation and evolving customer expectations, insurance firms face an ongoing struggle to modernize their services. InsurTech companies have emerged as vital […]
Continue readingMore TagRegEd Thought Leader to Participate in Annual NAIC Insurance Summit 2023
Kaitlyn Small of RegEd will be leading an adjuster licensing session during the conference RegEd, the leading provider of compliance and credentialing solutions to the financial services industry, is a proud sponsor of the upcoming Insurance Summit 2023. The event, to be held September 11-14 in Kansas City, is presented jointly by the National Association of Insurance Commissioners (NAIC) and National Insurance Producer Registry (NIPR). The Insurance Summit stands as a beacon of collaboration and knowledge exchange within the insurance sector, combining the extensive resources of NAIC and NIPR. It serves as a premier conference for insurance professionals, providing an […]
Continue readingMore TagRegulators Crackdown on Off-Channel Communications Violations
SEC and CFTC issue penalties for non-compliance with approved communication channel requirements Recent developments involving compliance breaches and off-channel communications have brought the topic into the spotlight. Two significant cases, one by the Commodity Futures Trading Commission (CFTC) and another by the Securities and Exchange Commission (SEC), underscore the importance of adhering to regulatory standards in this area. In this blog post, we dive into the details and implications of these recent enforcement cases and how firms can leverage training and technology to reduce non-compliance risk. CFTC’s Message: Unapproved Communication Methods Lead to Penalties The CFTC has taken a firm […]
Continue readingMore TagRegEd’s Advertising Compliance Solution Surpasses 5 Million Submissions
RegEd’s Enterprise Advertising Review achieves new milestone, propelled by continuous product innovation including the integration of AI and other advanced capabilities. RegEd, a leading provider of compliance solutions for financial services firms, has announced its Advertising Review Solution has surpassed 5 million review submissions. Following significant investment in expanding the solution’s capabilities, RegEd has continued to secure adoption by the leading firms in the industry, including six of the ten largest broker-dealers and four of the five largest banks in the US. The solution’s total submissions since inception increased by more than 25% in 2022, surpassing five million submissions just […]
Continue readingMore TagRegEd Announces Next-Generation Trade Supervision and Account Monitoring Solution to Advance Investor Protection
RegEd SmartCompli, Powered by InvestEdge, Delivers the Most Advanced, Comprehensive Solution in the Industry Today RegEd announced SmartCompli, which employs advanced technology and a proprietary data model that aggregates and normalizes trade, account and KYC data, from all major clearing and custody firms, as well as direct business. SmartCompli is integrated with RegEd’s market-leading Xchange Registration solution, enabling instant validation of advisor credentials to ensure that trades are made compliantly. This eliminates the need for firms to manage data exports on a continuous basis. Joe DiAngelo, EVP Sales at RegEd discussed the typical challenges confronting the industry. “Today firms have […]
Continue readingMore TagFAQs for IAR CE: What to Know About NASAA’s Investment Adviser Representative Continuing Education Model Rule
Several states have adopted and implemented investment adviser representative continuing education (IAR CE) requirements, while many other states continue to join them in implementing these new requirements. Once implemented, Investment adviser representatives have until the compliance date to meet IAR CE requirements if they conduct advisory business in a state that has adopted the North American Securities Administrators Association (NASAA)’s Investment Adviser Representative Continuing Education Model Rule. As an approved IAR CE provider, RegEd answers some of the most common questions that IARs and firms have about these first-time requirements. To see a map of adopted states, visit here. Implementing […]
Continue readingMore TagNew States Adopt NASAA IAR CE Model Rule, California Expected To Join
Investment adviser representatives (IARs) are required to meet Investment Adviser Representative Continuing Education (IAR CE) requirements annually if registered in a state that has adopted the North American Securities Administrators Association (NASAA)’s Investment Adviser Representative Continuing Education Model Rule. There are currently eleven (11) states that have adopted and implemented the IAR CE requirement. An additional four (4) states have adopted the IAR CE model rule with an implementation date of Jan. 1, 2024, among them is the state of Florida. More states, including California, are expected to adopt IAR CE requirements this year. With the possible addition of California, […]
Continue readingMore TagSEC Releases Risk Alert on Adviser Marketing Rule Outlining Key Areas of Focus for Examinations
The Securities and Exchange Commission (SEC) recently published a risk alert highlighting additional areas of focus in relation to the amended Marketing Rule. In 2020, Rule 206(4)-1 under the Investment Advisers Act of 1940 was amended to modernize rules that govern investment adviser advertisements and payments to solicitors. The first risk alert was published September of 2022 and detailed performance advertising, substantiation, policies and procedures, and books and records requirements. In addition to the initial Marketing Rule exam areas of review, the recent alert emphasizes three key areas of additional emphasis: testimonials and endorsements, third-party ratings, and Form ADV. The […]
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