3iCO

Conflicts of interest can threaten a company’s integrity, reputation, and compliance standing. In our latest alert, we detail how businesses can proactively identify, manage, and mitigate these risks to foster a more ethical and transparent workplace. From personal and financial conflicts to legal and ethical concerns, our team at 3iCO offers tailored compliance solutions to safeguard your firm. Read our alert to learn about the types of conflicts of interest businesses encounter and the scope of our services for comprehensive reviews. Read more: https://bit.ly/3CJO5Tf #Compliance #ConflictOfInterest #Ethics #InvestmentAdvisors #PrivateFunds #BrokerDealers

A recent lawsuit filed by the SEC focuses on alleged insider trading by a former senior employee of a regional Federal Reserve bank. The SEC claims that the individual used nonpublic, sensitive information obtained through their position to engage in illegal stock trading for personal profit. This case raises critical questions about the potential for conflicts of interest and the importance of maintaining ethical standards within financial oversight institutions. Read the full client alert: https://bit.ly/3B1czGM #insidertrading #conflictofinterest #ethicalstandards

Outdated password practices, such as frequent changes and overly complex character requirements, often lead to weaker, more easily compromised passwords. NIST (National Institute of Standards and Technology) has updated its guidelines to offer more practical, effective advice. Read our alert to learn more about the key updates in NIST's upcoming Digital Identity Guidelines: https://bit.ly/3V0trV6 #passwords #NIST #digitalidentity

Thinking about converting your traditional IRA to a Roth? Starting this year, all Required Minimum Distributions (RMDs) across your IRAs must be taken before any Roth conversion can happen. In the past, only the RMD from the account being converted was required. But now, every RMD across all your IRAs must be withdrawn first. This new rule adds a layer of complexity, but we’re here to guide you through it. Read the full client alert for key takeaways: https://bit.ly/4hKoNnU #FinancialPlanning #RothConversion #NewRules #TaxPlanning #RMD

In a major move, the SEC has hit an investment adviser with a $17.5 million penalty for misleading claims about its Environmental, Social, and Governance (ESG) practices. Between 2020 and 2022, the firm touted that 70% to 94% of its assets were “ESG integrated.” However, the SEC found that these claims included funds with no real ESG strategy—leading to confusion among clients and raising questions about accountability. This case is a reminder for investors to dig beyond the headlines and for firms to ensure they can back up their ESG claims with well-defined policies. As ESG investing continues to rise, transparency is key in distinguishing truly sustainable practices from “greenwashing." Read our full alert and learn what this means for investors and the industry: https://bit.ly/3CzZswA #ESG #ESGPolicies #ESGTransparency

FINRA has ordered a broker-dealer to pay $800,000 in restitution and penalties for inadequate due diligence on real estate private placements, plus other violations. This case highlights the critical need for strong compliance and rigorous due diligence to protect investors and uphold industry standards. Read the full story to learn more—and see how 3iCO can assist with a third-party perspective on your firm’s internal processes: https://bit.ly/48GCgcf #FINRA. #BrokerDealer #DueDiligence

The SEC has announced that JPMorgan’s affiliates will pay $151 million due to alleged violations, including misleading disclosures and breaches of fiduciary duty. This settlement serves as a strong reminder of the importance of transparency and fiduciary duty in financial services, underscoring the need for investors to choose firms committed to integrity and client-first principles. Read the full story to learn more about the SEC's findings and how it impacts the financial industry: https://bit.ly/3UyCMmz #JPMorgan #SECViolations #FinancialTransparency

On November 21, 2024, the U.S. Securities and Exchange Commission unveiled its examination priorities for 2025, highlighting critical areas that could impact your practice. From fiduciary obligations to private fund reviews, these insights are essential for staying ahead in a rapidly evolving regulatory landscape. Key Focus Areas Include: - High-cost products and illiquid assets - Conflicts of interest and fee transparency - Compliance with new SEC rules Don’t miss our detailed summary of the SEC’s priorities and learn how a third-party assessment from 3iCO can help you fortify your compliance program for upcoming exams. Read the full alert for all the details: https://bit.ly/48sMHQl #SECExam #SECCompliance

Election 2024: How Will It Impact Your Compliance Program? The political landscape is shifting, and with it, the regulations that shape your business. From AML to Cybersecurity, staying compliant amidst regulatory change is crucial. Will your organization be ready to adapt? Don't wait for the election results to start preparing. Stay proactive, informed, and resilient—find out how in our latest client alert: https://bit.ly/48iCc1Z #Compliance #AML #Cybersecurity #Election2024 #RegulatoryUpdates #BusinessPreparedness

The SEC has charged a financial firm for falsely promoting the use of #AI in its automated trading platform, raising nearly $4 million from investors. This case highlights the growing need for transparency and ethical practices as technology reshapes the investment landscape. Want to know more about this SEC case and the risks of AI-related fraud? Read the full article for key insights on protecting your firm and clients: https://bit.ly/40cSU13 #EthicalCompliance #AIWashing