With the advent of SEC rule 206(4)-7 requiring SEC registered investment advisors to implement and maintain policies and procedures appropriate for their investment advisory business, it is critical for all RIAs to recognize that compliance is an ongoing process that requires the review, updating, and amendment of regulatory filings, disclosures, and procedures.

The August edition of Investment Advisior Magazine has an article by Thomas Giachetti, Chair of the Firm’s Securities Compliance & Arbitration group, titled Come Right In. The article discusses issues pertaining to an advisor’s compliance-readiness, including a list of some of the more substantive issues that are currently the focus of SEC examiners.