The SEC has amended Part 2 of Form ADV to require registered investment advisers (RIA) to provide clients with clearly written, current and meaningful disclosures, in plain English, about the adviser’s business practices, conflicts of interest and certain personnel. This becomes effective October 12, 2010.
To read the specific details of the SEC’s 174 pages of requirements,click here: SEC ADV Part 2 Requirements
About Red Oak Compliance Solutions
Red Oak Compliance Solutions is the global advertising review software of choice in the financial services industry. It is a comprehensive suite of SEC 17A-4 compliant features that are 100% books and records compliant and provides clients with 35% faster approvals and 70% fewer touches or better. We also offer Smart Review(SM), which solves for the storage and maintenance of disclosures, helping firms reduce risk, decrease review times, and increase the speed of distribution of marketing materials. Smart Registration(SM) automates the licensing and registration management process to help reduce regulatory risk and time spent on manual processes. Overall, Red Oak allows firms to minimize risk, reduce costs, and increase compliance review process effectiveness and efficiencies.