National Compliance Services for RIA’s and Broker Dealers

Registered Investment Adviser (RIA) Services

RIA Services, Investment Adviser Compliance Manual, RIA Compliance Consulting and other services for registered Investment advisers. (more…)

Broker-Dealer Services and Solutions

Broker Registration, 3012 Review, AML Audit, CMA, Branch Office Reviews, Broker Compliance Consulting and other services. (more…)

Compliance Consulting

NCS’ full range of Consulting Services enable you to work one-on-one with our experts to meet your firm’s diverse state and federal regulatory obligations. (more…)

Technology Tools

At NCS, we complement our industry-leading expertise with technology tools that automate routine tasks, eliminating costly and error-prone manual procedures. (more…)

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How to Register as an RIA

National Compliance Services will walk you through the entire RIA registration process.Our expertise can speed up your registration by avoiding common mistakes that could delay regulatory review and approval process.

The NCS basic RIA registration package includes:

  • Preparation and filing of Form ADV
  • Registration of the firm with the SEC or applicable states via IARD
  • Registration of up to three individuals with the home state (more…)
Start your RIA Registration

Compliance News

July 2016
Inaccurate Fee Calculations Will Be Costly for RIAs
Delray Beach, Fl – July, 2016 – The late New York Yankee legend, Yogi Berra, said that “baseball is 90 percent mental, and the other half is physical.” Registered Investment Advisers (“RIAs”) are required to be much more precise with their calculations, especially in regard to advisory fees. Miscalculating those fees is likely to cause problems with clients and examiners. (more.)

 

June 2016
SEC Sends Clear Message That Cybersecurity Is Still a High Priority
Delray Beach, Fl – June, 2016 – Recent speeches and public statements made by SEC officials indicate that the Commission is still focused on cybersecurity. Registered Investment Advisers (“RIAs”) and broker-dealers would be wise to take note of those pronouncements and should make certain they are using their best efforts to defend their firms against cyber-attacks. (more.)

 

May 2016
A Cautionary Look at Regulation Crowdfunding
Delray Beach, Fl – May, 2016 – Issuers are often bewildered by the myriad “Dos” and Don’ts” of raising equity capital for their young firms. Their attention span does not last far into an explanation of the rules and how and why they came about. Often the first mention of the ’33 Act loses their interest. Title III of the JOBS Act required the SEC to come up with a solution to allow issuers and investors to come together under less onerous and modern terms. The SEC’s answer is Regulation CF. (more.)

 

May 2016
Solicit Compliance Advice Before Using Solicitors
Delray Beach, Fl – May 2016 – As Registered Investment Advisers (“RIAs”) attempt to grow their business, they often consider whether to use solicitors. RIAs should be aware of the compliance obligations they will face if they choose to use solicitors. These compliance requirements are dependent upon where the RIA and the solicitor are located, as well as the particular facts and circumstances surrounding their relationship. (more.)

 

April 2016
DOL’s Fiduciary Rule is Finalized
Delray Beach, Fl – Apr. 2016 – The final version of the Department of Labor’s fiduciary rule was released on April 6, 2016. According to Labor Secretary Thomas Perez, the final version of the 1,028 – page rule was streamlined. Though the final version of the fiduciary rule was revised in response to industry concerns, it is still likely to have a dramatic impact on Registered Investment Advisers (“RIAs”), broker – dealers, insurance agents, and financial institutions. (more…)

 

March 2016
Share Class Choices Can Breach Duty of Best Execution
Delray Beach, Fl – Mar. 2016 – On January 14, 2016, the SEC announced that it had settled an enforcement action against an Ohio-based Registered Investment Adviser (“RIA”) and two of its officers who were licensed registered representatives of a broker-dealer. The SEC alleged that the RIA violated sections 204, 206(2), 206(4) and 207 of the Investment Advisers Act, as well as Rules 204(a), 204-3(b)(1) and (2), and 206(4)-7 thereunder. The RIA’s president and majority owner, as well as its Chief Operating Officer and minority owner, were accused of violating or causing these violations of the Investment Advisers Act and its rules. (more…)

 

February 2016
SEC’s 2016 Examination Priorities
Delray Beach, Fl – Feb. 2016 – The SEC’s Office of Compliance Inspections and Examinations (“OCIE”) revealed its 2016 examination priorities on January 11, 2016. These examination priorities affect a number of financial institutions, including Registered Investment Advisers (“RIAs”), broker-dealers, transfer agents, and clearing agencies. (more…)

 

January 2016
Compliance Resolutions for the New Year
Delray Beach, Fl – Jan. 2016 – The new year is a perfect time for resolutions and not just the standard pledge to lose weight or exercise more. Chief Compliance Officers (“CCOs”) should consider making resolutions that will help their firms to stay compliant. (more…)

 

December 2015
Knowledgeable, Ethical, and Conscientious CCOs Can Protect Themselves and Their Firms
Delray Beach, Fl – Dec. 2015 – The SEC and other securities regulators know they cannot catch every noncompliant activity that might harm investors. Enforcement actions help securities regulators send a message to Registered Investment Advisers (“RIAs”), Chief Compliance Officers (“CCOs”), and Broker-Dealers (“BDs”) that noncompliance and recidivist violations will not be tolerated.(More…)

 

November 9, 2015
Risk Alert reveals the SEC’s staff observations regarding effective outsourced CCOs
Washington, D.C. – Nov. 9, 2015 – NCS and Regulatory Compliance employ a comprehensive compliance process with Outsourced CCO clients, including frequent communication and onsite visits, which are designed to address the SEC staff observations regarding effective outsourced CCOs. Read the entire alert (more…)

 

November 4, 2015
Andrew Ceresney of the SEC Enforcement Division gives keynote address at recent NSCP conference
Washington, D.C. – Nov. 4, 2015 – NCS and Regulatory Compliance exhibited and spoke at the recent 2015 NSCP conference where Director, Division of Enforcement for the SEC, Andrew Ceresney, gave a keynote address discussing the Enforcement’s perspective on compliance officers and how enforcement cases that touch compliance personnel are approached. (more…)

 

October 27, 2015
National Compliance Services and Regulatory Compliance join forces to form full-service compliance consulting powerhouse
New York – Oct. 27, 2015 – National Compliance Services Inc. (NCS) and Regulatory Compliance LLC, two of the nation’s longest-serving regulatory compliance consulting leaders (more…)