Preparing for the Future Regulatory Landscape: Navigating SEC Regulations and Enforcement under Gary Gensler's Leadership

   

Preparing for the Future Regulatory Landscape

Navigating SEC Regulations and Enforcement under Gary Gensler's Leadership

AdvisorAssist, LLC, the leader in driving registered investment advisor (RIA) independence by providing comprehensive consulting services, anticipates a significant number of firms will begin to feel the impact of the flurry of proposed SEC regulations. As these rules are finalized and adopted, risk profiles will be significantly impacted from a regulatory, compliance, and operational perspective. The current rule proposals in the pipeline address the following:

• Cybersecurity Risk Management
• Privacy of Consumer Financial Information and Safeguarding Customer Information
• Safeguarding Advisory Client Assets
• Outsourcing by Investment Advisers
• Environmental, Social, and Governance Disclosures
• Private Fund Advisers; Documentation of Compliance Review

Further, under the leadership of SEC Chairman Gary Gensler, AdvisorAssist is observing an upward trend in more rigorous and lengthy examinations, ultimately being evidenced by a heightened enforcement environment. RIAs and their Chief Compliance Officers need to stay informed of ongoing developments of these rule proposals and remain proactive to ensure firms are prepared to address the SEC and the future of the regulatory landscape.

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