compliance

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How Financial Firms Use Technology to Keep Up with Compliance Changes

How Financial Firms Use Technology to Keep Up with Compliance Changes

Alyssa Drury
Written by Alyssa Drury June 25, 2019

The SEC recently made a substantial change to its Customer Relationship Summary that largely went under the radar: the removal of the word “fiduciary” from mandated language RIAs must use to describe their standard of conduct. This is not to say that RIAs cannot use the term “fiduciary” or are unable to tell clients that…

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Seismic Platform’s Compliance with the GDPR

Seismic Platform’s Compliance with the GDPR

Marc Romano
Written by Marc Romano May 21, 2018

Beginning on May 25, companies that collect or process data on European Union citizens will be required to comply with new privacy regulations and protections around that data. The new set of rules, called the General Data Protection Regulation (GDPR), is designed to strengthen protections around personal data and unify the EU under a consolidated…

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The $3.76 Billion Nail in Compliance’s Coffin: Human Error

The $3.76 Billion Nail in Compliance’s Coffin: Human Error

Alyssa Drury
Written by Alyssa Drury April 6, 2016

Compliance has never been more integral to a financial firm’s well-being than it is today. According to a 2014 survey conducted by PwC, compliance is becoming a more strategic partner in the organization, and due to an increasingly complex regulatory environment has been tasked with an increasing number of responsibilities. But with this responsibility comes…

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5 FinTech Trends to Watch in 2016

5 FinTech Trends to Watch in 2016

John Riley
Written by John Riley January 15, 2016

Here at Seismic, we spend lots of time with senior executives from institutional financial services firms. Most of our interactions are with leaders of marketing, distribution, and compliance teams at asset management and wealth advisory firms. From those conversations, and from information culled from the trade and business publications and portals we scour daily, we’ve…

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Regulators Keep Compliance Issues Front and Center

Regulators Keep Compliance Issues Front and Center

John Riley
Written by John Riley November 11, 2015

In various communications and in a couple of different forums recently, industry regulators reminded firms that they need strong and effective compliance programs. Both the SEC and FINRA made it clear that problems lie ahead for firms that treat this function as anything less than a priority, or as something they can dish off to…

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Firms can ‘Nudge’ Their Way to Better Compliance

Firms can ‘Nudge’ Their Way to Better Compliance

John Riley
Written by John Riley August 20, 2015

In the post-crisis world, toeing the line on compliance has clearly become more complex and difficult for financial services companies. Contributing factors include the many new rules already in place, more regulations likely coming soon (including the DOL’s proposed fiduciary rule), and more aggressive enforcement by regulators. For many asset management firms, wealth advisory shops,…

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The Silver Lining of Asset Managers’ Compliance Burdens – Improved Institutional Sales

The Silver Lining of Asset Managers’ Compliance Burdens – Improved Institutional Sales

John Riley
Written by John Riley July 9, 2015

One undeniable result of post-crisis compliance regulations such as the Volcker Rule and the rest of the Dodd-Frank Act has been higher operational burdens and costs for asset management firms. To meet their requirements and remain compliant, firms have had to change their business processes, add staff and increase their compliance-related budgets. But the real…

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Compliance Infractions: This Didn't Have to Happen

Compliance Infractions: This Didn't Have to Happen

John Riley
Written by John Riley March 25, 2015

When there are headlines about big Wall Street firms shooting themselves in the foot and getting fined, the general public’s reaction is something like “Figures. Serves ‘em right.” That’s definitely not the reaction we had here at Seismic when we saw the story earlier this week about Merrill Lynch getting a $2.5 million fine for…

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A Story of Marketing Success with Seismic

A Story of Marketing Success with Seismic

Alyssa Drury
Written by Alyssa Drury September 17, 2014

Marketing content is the lifeblood of salespeople; without it they have no reinforcements when presenting to prospects. So when you consider that 60% of marketers struggle to personalize content in real-time, it

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