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Regulatory & Compliance Roundup: Issues to Watch and the Emojis to Avoid


The DOL’s fiduciary rule will continue to grab the attention of financial advisors for the months ahead, but there are other regulatory issues that advisors need to keep their eyes on, notes an article at InvestmentNews. Tax reform, advisor titles, leadership changes at the SEC and Finra, and the definition of “accredited investor” should also be on advisors’ radar. See the full details below. Also, emojis are fun, sure, but advisors need to be careful when including them in client communications. Firms’ social media policies should have “clear guidelines limiting the use of comments and emojis to non-financial services-related content,” Yasmin Zarabi of Hearsay Social told ThinkAdvisor in an email. A link to the story and four emojis that could create compliance issues follows.

5 regulatory issues every financial adviser should be watching
By Mark Schoeff Jr.
Source: InvestmentNews

Although the epic battle over the Department of Labor’s fiduciary rule will continue for at least several more months, if not years, and dominate the regulatory agenda for investment advice, other critical issues are bubbling to the surface. Several may even have a chance of advancing in this cold political climate, as industry groups, consumer advocates and regulators sound a note of consensus on areas such as reforming adviser titles, cracking down on elder financial abuse and protecting retirement tax incentives, according to a panel of experts assembled by InvestmentNews.

These 4 Emojis Are a No-No on Wall Street
By Melanie Waddell
Source: ThinkAdvisor

Emojis — it’s hard to send a text without including one. Those expressive faces and symbols offer a quick way to convey how we’re feeling — a thumbs up after hearing good news or a crying face to convey sadness. But investment and social media compliance firms warn that financial advisors shouldn’t be so quick to include them in client communications.


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