Compliance Newsflash – July 18, 2018

July 18, 2018

July 18, 2018

DLA is committed to keeping our clients and friends updated on relevant news and topics in the industry by distributing a weekly Compliance Newsflash. We hope this provides you with helpful and insightful information for you and your firm! Join our mailing list by clicking here: DLA Newsflash Registration.

OCIE Risk Alert Identifies Common Best Execution Deficiencies

On July 11, 2018, the SEC’s Office of Compliance Inspections and Examinations (OCIE) published a Risk Alert identifying the most common deficiencies that its staff observed in recent examinations of registered investment advisers’ best execution practices. As with prior OCIE Risk Alerts, investment advisers should carefully examine their compliance policies and procedures in light of the issues identified by OCIE and make improvements where necessary.

For more information,  click here.

House Passes Hensarling’s ‘JOBS Act 3.0’

On July 17, 2018, ThinkAdvisor.com reported The full House passed by a 406-4 vote the JOBS and Investor Confidence Act of 2018, also known as House Financial Services Committee Chairman Jeb Hensarling’s “JOBS Act 3.0,” which includes a package of 32 bills, some of which make changes to the Dodd-Frank law. “What we’re trying to do, and do it on a bipartisan basis, is ensure that our entrepreneurs at least don’t face the challenge of having the capital they need to launch their companies,” said Rep. Jeb Hensarling, chairman of the House Financial Services Committee, lead sponsor of the bill, during comments on the House floor.

For more information, click here.