Jackson Ross PLLC

Are You Prepared? Tough New York Cybersecurity Rules Now in Effect

On March 1, 2017, the New York State Department of Financial Services’ (“DFS”) “Cybersecurity Requirements for Financial Services Companies,” 23 NYCRR 500 (the “Regulations”), went into effect. The final version of the Regulations, originally proposed on September 28, 2016, are relatively unchanged from the revised version announced on December 28, 2016 and are available here. […]

SEC Guidance on Advisers Act Compliance for Robo-Advisers

In recent years, advisory firms that offer automated advice platforms, colloquially termed “robo-advisers,” have been rapidly gaining steam.  These platforms utilize algorithms to generate portfolio recommendations, and typically do not come with the minimum account requirements or hefty fees of traditional investment advisers.*  These factors make robo-advisers an affordable and attractive account-management option for moderate-income […]