Compliance

RIA Compliance Is an Ongoing Regulatory Mandate For private fund managers subject to registered investment adviser requirements, becoming an RIA is not simply a registration exercise. It creates an ongoing compliance mandate. Rule 206(4)-7 under the Investment Advisers Act requires …

Not every private fund automatically needs its own Registered Investment Adviser (RIA). However, a private fund manager, sponsor, or other person providing investment advice may be required to register as an investment adviser unless an exemption applies. Whether registration is …

Private fund managers may be able to work with an established Registered Investment Adviser to provide applicable investment advisory and compliance infrastructure rather than building every function internally. The appropriate structure depends on the fund, manager, activities, and applicable regulatory …

Financial markets continue to move faster and become more digital, automated, and complex. With that evolution comes a growing challenge for investment banks: how to maintain a high level of effective oversight as the amount of information surrounding financial transactions …

Last week the SEC approved new FINRA Rule 3290, a major overhaul of how FINRA regulates registered representatives’ outside activities. The new rule combines the existing outside business activity and private securities transaction rules into one rule and shifts towards …

Independent investment bankers can close more deals and scale their businesses without building their own broker-dealer by partnering with an established FINRA-member broker-dealer that provides licensing, supervision, compliance, and transaction infrastructure. At FNEX Compliance-as-a-Service, we provide independent investment bankers with …

Middle market investment banking is entering a new era. Independent investment banks and boutique advisory firms are benefiting from growing demand for mergers and acquisitions, private capital raising, private placements, and strategic advisory services. At the same time, they face …

How outsourced broker-dealer infrastructure helps investment bankers, placement agents, and private market firms scale more efficiently Executive Summary Compliance has evolved from a back-office function into a strategic component of modern financial services infrastructure. As regulatory expectations continue to expand, …

FINRA’s recently released 2026 Industry Snapshot offers more than a collection of industry statistics. It provides a window into how the broker-dealer landscape continues to evolve. While headlines often focus on market performance or trading activity, the report reveals deeper …

At its March 4 to 5, 2026 meeting, FINRA’s Board of Governors advanced five rule proposals under its FINRA Forward initiative, an effort aimed at making regulation more efficient while maintaining strong investor protections. For financial advisors, broker-dealers, and investment …

What Broker-Dealers Must Know About Cyber Fraud and AML  As capital markets grow more digital, distributed, and global, financial crimes prevention has become one of the most critical compliance obligations for broker-dealers in 2026. Cyber-enabled fraud, money laundering, sanctions violations, and manipulative trading schemes …

How FNEX Supports Investment Bankers, Placement Agents, and Advisors at Scale  As private capital markets continue to expand, investment bankers, M&A advisors, and placement agents face a common challenge: how to scale deal activity while meeting rising regulatory expectations. Compliance obligations are increasing, …