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Welcome

La Meer Inc.

La Meer Inc. is a Silicon Valley organization that offers the GRACE suite of web-based solutions

  • Operational Risk
  • Compliance Management
  • Client Compliance
  • Client Management
  • IT Risk
  • Vendor Risk
  • Operational Due Diligence

La Meer solutions are built for Financial Markets by  professionals with 150+ years of experience building technology for Finance.

Get In Touch

Email: info@lameerinc.com
Phone: +1(408) 740 7205
Address: 111 W. Saint John Street, Suite 430 San Jose, CA 95113, USA
+1 (408) 740 7205 info@lameerinc.com
SEC Takes Aggressive New Step In Enforcing Reg BI

SEC Takes Aggressive New Step In Enforcing Reg BI

Broker-dealers have begun receiving requests from SEC examiners asking them to justify and explain their registered reps’ investment recommendations, a panel of attorneys and former regulators said

Broker-dealers have begun receiving requests from SEC examiners asking them to justify and explain their registered reps’ investment recommendations, a panel of attorneys and former regulators said

“I’d expect them to look for patterns of recommendations of high-cost products, patterns of exchanges, selling of complex or risky products and significant trading activity, especially if that trading activity doesn’t align with customers’ risk tolerance,” said Ed Wegener.

SEC examiners are “looking at patterns of complaints and what that is telling firms about the quality of recommendations,” when doing data analysis. They’ll be looking for patterns of concern and asking you to respond.

While the focus on product will vary from firm to firm, examiners will want to see consistency in how reps make recommendations and how firms monitor and address issues, panelists said.

https://www.fa-mag.com/news/sec-takes-new-step-in-enforcing-reg-bi-62202.html

La Meer Inc. offers the comprehensive GRACE cloud solution that offers the Registered Reps and Advisors a Portal to select the right products, record their recommendations as well as the Compliance Portal for continuous and proper oversight.

Reach out to us at Sales@lameerinc.com for a web demo

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