Taking a look back can help you move forward. Now’s the time to take a step back and consider how new or elevated risks during the year have been addressed, how controls have been established, and how compliance initiatives undertaken at year-end can set the stage for a stronger compliance program in 2021.
Watch the on-demand webinar Looking Back to Move Forward: Practical Guidance for Strong Compliance.
- Best practices for addressing pandemic-related risks in 2020 (and going forward)
- Effective testing programs & annual reviews
- Remediation of known risks/issues (has my firm addressed SEC/FINRA priorities?)
- Compliance checklists, training, and reporting
- Key takeaways and recommended practices
- Year-end checklist
With the holiday season just around the corner, does your company have solid policies in place to manage Gifts and Entertainment? The recent Foreside blog post Who Doesn't Love a Gift provides guidance on how individuals associated with a regulated entity such as a broker-dealer or investment advisor can know whether gifts, meals, and entertainment may be acceptable or problematic. According to the blog, "it goes without saying that if the aim of giving a gift or providing entertainment is to reward, influence, or create the expectation of a business, then the action would likely be deemed problematic and should be avoided."
The giving and receiving of gifts and entertainment has the possibility to be perceived as a conflict of interest. It’s important that organizations review their practices and implement a code of conduct in order to improve training, compliance monitoring, attestation and reporting, and more closely manage risk.
Download our report for a deeper look at gifts and entertainment trends in global organizations.
We have resources that can help you manage your conflicts of risk. MyComplianceOffice provides a fully integrated, Conduct Risk platform that helps organizations avoid fines and sanctions by using a global company and security master dataset to identify conflicts across employees, firm transactions and third parties.
Ready to learn more? Let us know and one of our experts will be in touch.