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Human Capital: Hearsay's New Compliance Strategist Talks Social Media Maneuvering

Human Capital with Melanie Waddell

Release Date: 07/24/2020

Human Capital: Ed Slott on Why Retirement Plans Are Sitting Ducks show art Human Capital: Ed Slott on Why Retirement Plans Are Sitting Ducks

Human Capital with Melanie Waddell

In this episode, we check in with IRA and tax specialist Ed Slott of Ed Slott & Co., on what the recent debt and deficit numbers reported by the Congressional Budget Office mean for retirement plan participants. The CBO numbers, according to Slott, show that the three-legged retirement planning stool is shaky, and for clients with a 401(k) plan or IRA, “these plans have not yet been taxed so they’re sitting ducks for future higher taxes, and that’s exactly what’s going to happen” because of the deficit and debt numbers. Slott maintains: “There’s no way taxes are going to...

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Human Capital: Attorney Morgan Dissects SEC Accredited Investor Rule Changes show art Human Capital: Attorney Morgan Dissects SEC Accredited Investor Rule Changes

Human Capital with Melanie Waddell

In this episode of Human Capital, we talk with Nick Morgan, a partner at the global defense firm Paul Hastings in Los Angeles, about the Securities and Exchange Commission’s recent changes to the accredited investor definition. Morgan, former Senior Trial Counsel in the SEC’s Enforcement Division, explains the “fundamental” change under the updated definition that includes qualifications and certifications. Morgan explains why the changes are coming now, and opines that while the private markets “are not the Wild West,” the changes can present potential risks.

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Human Capital: SEI's Anderson Sizes Up Likely Changes to SEC's Form CRS show art Human Capital: SEI's Anderson Sizes Up Likely Changes to SEC's Form CRS

Human Capital with Melanie Waddell

In this episode of Human Capital, we talk with John Anderson, managing director and head of practice management solutions for Independent Advisor Solutions at SEI Investments, about the potential changes coming to the Securities and Exchange Commission’s Form CRS, the customer relationship summary, which was adopted under the agency’s advice-standards package. Listen in as Anderson also weighs in on why he sees the SEC’s Regulation Best Interest as “evolutionary,” and “a small step in what will be many steps to drive the industry towards a true fiduciary rule.” Anderson also...

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Human Capital: Brad Campbell Details Oddities in DOL Fiduciary Rule show art Human Capital: Brad Campbell Details Oddities in DOL Fiduciary Rule

Human Capital with Melanie Waddell

In this episode of Human Capital, we talk with Brad Campbell, former assistant secretary of the Labor Department’s Employee Benefits Security Administration, who’s now a partner at FaegreDrinker in Washington. Campbell weighs in on Labor’s controversial fiduciary prohibited transaction exemption to align with the Securities and Exchange Commission’s Regulation Best Interest, and clarifies a couple “unusual items” that were included in Labor’s plan. Comment letters continued to flood in just before the Aug. 6 comment period on Labor’s controversial plan ended Thursday, Aug. 6....

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Human Capital: Hearsay's New Compliance Strategist Talks Social Media Maneuvering show art Human Capital: Hearsay's New Compliance Strategist Talks Social Media Maneuvering

Human Capital with Melanie Waddell

n this episode of Human Capital, we talk with Iain Duke-Richardet, compliance strategy principal at Hearsay Systems.

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Human Capital: Drew Bowden Drills Down on ‘Lack of Consistency’ in Regs show art Human Capital: Drew Bowden Drills Down on ‘Lack of Consistency’ in Regs

Human Capital with Melanie Waddell

In this episode of Human Capital, we talk with Drew Bowden, general counsel for Jackson National Life Insurance Co., who recently became board chair for the Insured Retirement Institute.

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Human Capital: Phyllis Borzi Concerned About Fiduciary Rule, Reg BI Alignment show art Human Capital: Phyllis Borzi Concerned About Fiduciary Rule, Reg BI Alignment

Human Capital with Melanie Waddell

In episode No. 18 of ThinkAdvisor's Human Capital podcast, we talk with the former assistant secretary of the Labor Department’s EBSA during the Obama administration.

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Human Capital: John Reed Stark Identifies Lurking Cybersecurity Risks show art Human Capital: John Reed Stark Identifies Lurking Cybersecurity Risks

Human Capital with Melanie Waddell

In episode No. 17 of Human Capital, we talk with cybersecurity expert John Reed Stark, president of John Reed Consulting, who founded the SEC’s Office of Internet Enforcement. 

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Human Capital: IAA’s Neil Simon on Top Issues Percolating at SEC, the Hill show art Human Capital: IAA’s Neil Simon on Top Issues Percolating at SEC, the Hill

Human Capital with Melanie Waddell

In episode No. 16 of Human Capital, we talk with Neil Simon, VP of government relations for the Investment Adviser Association, about IAA’s efforts to restore, and expand, the deductibility of fees on professional investment and financial planning advice that was repealed with the sweeping tax overhaul enacted in 2017. Simon also weighs in on the pending lawsuit against the SEC’s Regulation Best Interest as well as when the SEC’s open democratic seat may likely be filled.

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Human Capital: Ex-SEC Lawyer Lundy Warns of Sweep of Advisor PPP Loans show art Human Capital: Ex-SEC Lawyer Lundy Warns of Sweep of Advisor PPP Loans

Human Capital with Melanie Waddell

In episode No. 15 of Human Capital, we talk with James Lundy, a former attorney at the Securities and Exchange Commission who’s now a partner at Faegre Drinker. Listen is as Lundy explains why he believes it’s likely the SEC’s exam division will conduct a sweep of advisors’ use of Paycheck Protection Program loans. Lundy also provides a status check on firms’ compliance with the SEC’s Regulation Best Interest and Form CR.

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In this episode of Human Capital, we talk with Iain Duke-Richardet, compliance strategy principal at Hearsay Systems.

Duke-Richardet, an original member of the Financial Industry Regulatory Authority’s Social Media Task Force, joined Hearsay Systems in late June from Accenture. He has also served in senior compliance roles at RBC Capital Markets, Lehman Brothers, Barclays Capital and Goldman Sachs.

Says Duke-Richardet: “As a former compliance officer at a large global bank, I have seen firsthand that regulatory compliance is one of the most challenging aspects of digital transformation for financial services organizations.”

Pushed forward by COVID-19 and Regulation Best Interest, “firms must rapidly adapt to new digital client engagement models, yet time and resources especially in compliance groups are stretched thin.”

Listen in as Duke-Richardet talks about the important role compliance plays at Hearsay Systems, which helps financial services firms engage on a number of social media messaging platforms, and also gives a heads-up on some upcoming FINRA guidance.