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Compliance: How Attitudes & Approaches Drive Away Talent

Enforcement actions by the SEC continued at a strong pace, rising 20% in the first half of FY 2017, according to Cornerstone Research. Details are reported in an article at ThinkAdvisor, below. Also, there are times when an advisor’s departure from a firm is the result of compliance attitudes and approaches. In a column at ThinkAdvisor, Jonathan Henschen describes various circumstances in which compliance officers and managers can drive away talent — such as treating experienced advisors with clean records like they are newly licensed. Read the full column below.

SEC Actions Against BDs Jump 20%: Cornerstone Research

By Melanie Waddell

Source: ThinkAdvisor

Enforcement actions levied against brokers by the Securities and Exchange Commission jumped 20% in the first half of 2017’s fiscal year, according to Cornerstone Research. Actions related to issuer reporting and disclosure jumped 34% while actions involving securities offerings also increased by the same percent, according to Cornerstone’s proprietary research, SEC Enforcement Activity—First Half FY 2017 Update.

http://www.thinkadvisor.com/2017/04/21/sec-actions-against-bds-jump-20-cornerstone-resear

Compliance Approaches That Chase Away Advisor Talent

By Jonathan Henschen, President, Henschen & Associates

Source: ThinkAdvisor

Several months ago, I took my wife’s car out on an errand and noticed the front driver side panel protruding out at the seam. I didn’t notice any dents or scratches so I simply pressed the panel back in place. Investigating further, taking a walk around the front of the car and then to the passenger side, I saw scratches and a large dent. It turned out that our teenage daughter had driven into a mailbox as she swerved the car off the road reaching down to the floor to grab a CD to play. There was no mention of the incident until we brought it up, as is so often the case with teenagers, who are at a phase of life where rational thought and responsibility are in short supply.

http://www.thinkadvisor.com/2017/04/26/5-compliance-approaches-that-chase-away-advisor-ta

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