[Every facet of the financial services industry is in the process of being reviewed, rethought, and rejiggered. Being in an operating environment of accelerating business and cultural change does that sort of thing to industries.
[The COVID-19 pandemic has been a catalyst for dynamic change for advisor businesses in all but one area – the ongoing and inexorable march of regulation and compliance.
“The greater likelihood of regulatory enforcement action looms as an existential threat to advisors, money managers and broker-dealers.” – Todd Cipperman, Cipperman Compliance Services
Historical background, revealing context and prescient vision were presented on blockchain and Bitcoin at a recent TampaBay Conference entitled, “The Past, Present and Future of Blockchain and Crypto”.
"Ultimately, the best practice is to have the right person in the CCO position, implement the right processes for your business, and document everything." - Bo Howell, CCO Technology
"This is not an area where it’s better to ask for forgiveness than permission because failure to ask for permission can result in a very public and humiliating enforcement action." - Todd Cipperman
One of the Institute's Founding Innovator members - socially responsible investors Pekin Singer Strauss Asset Management, managers of the Appleseed Fund (APPLX, APPIX) - asked us to get the following alert and CALL TO ACTION on a new pro
"It is important to closely follow regulatory trends, both here & abroad, and compare notes with other industries & more innovative companies with similar compliance challenges to find best practices." - Don
"As an entrepreneur, I firmly believe that if you can't find a solution to a problem, you should build a solution to a problem." Roger Kiger, Smart RIA
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