Les Abromovitz, Columnist

Potential whistleblowers have little to lose and millions to gain with the SEC's reward system

Les Abromovitz: Resolving these issues at the firm level reduces the risk that someone will take their complaint to regulators. 

National Compliance Services

whistleblower

Les Abromovitz

<p>The past two years have been some of the most momentous in the relatively short history of the RIA profession. Legislators and regulators have been gradually embracing the fiduciary standard, though whether it will fully apply to everyone calling themselves advisors remains to be seen.</p>

<p>The Department of Labor’s crusade to lower costs and increase transparency in retirement plans means a spate of new regulations affecting advisors and brokers in that market. Dodd-Frank Financial Reform, meanwhile, continues to unroll across the profession, with the biggest change being a shift to state oversight of RIAs with less than $100 million AUM. In this section, you’ll find continually updated RIABiz.com coverage on all these topics.</p>

RIA Compliance

Here's how to keep complaints from turning into tip-off phone calls

Potential whistleblowers have little to lose and millions to gain with the SEC's reward system

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November 18, 2022 at 2:56 AM

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