Investment Compliance In Smaller Firms
Although the investment advisor compliance policies have been welcomed by most advisers and funds, smaller advisers may face some difficulties in adopting them. The commission understands that the investment advisor compliance may put some burden on smaller firms and expects them to devise and stick to simpler policies and procedures that larger firms that have conflicting business interests owing to their affiliations with other financial institutions or due to their other lines of business. As such, every advisor needs to identify conflicts and other compliance factors that may be potentially risky for the firm or its clients and then devise policies and procedures that can address these issues effectively.