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Red Oak Blog

News that affects your business and ours.
September 18 2017
Fiduciary Duty and Mutual Funds Many individuals are of the impression that there is nothing safer than a mutual fund. Additionally, many feel that a mutual fund is the best way for an individual with limited investable assets [...] Read more
September 10 2017
Major Insurance Company Fined Millions of Dollars for Data Breach Currently, there is no shortage of regulatory and legal actions against companies that fail to maintain a robust and comprehensive cybersecurity program. One recent action involved Nationwide Mutual Insurance Company and one of [...] Read more
September 3 2017
Monitoring Employee Trades and Reporting Rule 204A-1 requires each adviser’s code of ethics to set forth a standard of business conduct that the adviser requires of all its supervised persons. Each adviser’s code of ethics must require an [...] Read more
September 3 2017
Standing Letter of Authorization and Avoiding Unintentional Custody Recently, there has been a focus on RIAs unintentionally obtaining custody of client assets. A few years ago, it became a popular practice of many RIAs to offer clients the ability to add [...] Read more
September 3 2017
SEC Imposes Civil Penalty Against Registered Representative Who Defrauded NFL Players The SEC has imposed $160,000 in civil penalties against Aaron R. Parthemer, a former NFLPA Registered Financial Advisor who defrauded his athlete-clients, caused violations of the record keeping requirements of the Securities Exchange [...] Read more