3ico, LLC

02/26/2025

Clarity and transparency are essential in today’s financial industry. To help retail investors make informed decisions, the SEC and FINRA require broker-dealers and investment advisers to provide Form CRS—a concise document outlining services, fees, conflicts of interest, and more.

🔹 Who needs to file Form CRS?
🔹 What key information must be disclosed?
🔹 How does it impact your client relationships?

Staying compliant isn’t just about regulations—it’s about building trust. Read our full alert to ensure you're meeting the requirements.
🔗 https://bit.ly/43hnfgf

02/18/2025

The SEC has settled charges against a registered investment adviser and one of its representatives for breaching their fiduciary duty to clients. From 2020 to 2023, they pushed clients—many elderly and long-time customers—to switch from brokerage to advisory accounts, increasing fees without added benefits. The firm and adviser failed to disclose conflicts of interest, leading to SEC penalties and industry suspensions. Read more: https://bit.ly/3ELY1N2

02/06/2025

Navigating Form ADV updates can be tricky, but staying compliant is critical. Our latest guide breaks down:

✅ The key components of Form ADV (Parts 1, 2 & 3)
✅ When and how to file updates
✅ Common mistakes to avoid

Don't let filing errors lead to regulatory headaches! Stay ahead of deadlines and keep your firm in good standing.

Check out our guide here: https://bit.ly/3WLZkS8

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01/28/2025

The SEC is making waves this fiscal year, setting a record pace with 200 enforcement actions in Q1 alone—the highest since at least 2000.

Highlights include:
▪️ 118 standalone cases
▪️ A focus on financial misstatements, conflicts of interest, and even AI-related misleading statements.

The SEC is doubling down on its commitment to market integrity and investor protection, signaling to wrongdoers that accountability is non-negotiable.

Read more about the agency’s bold start and its emphasis on fostering a culture of compliance: https://bit.ly/40MTBxL

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11/20/2024

Outdated password practices, such as frequent changes and overly complex character requirements, often lead to weaker, more easily compromised passwords. NIST (National Institute of Standards and Technology) has updated its guidelines to offer more practical, effective advice.

Read our alert to learn more about the key updates in NIST's upcoming Digital Identity Guidelines: https://bit.ly/3V0trV6

11/05/2024

The SEC has announced that JPMorgan’s affiliates will pay $151 million due to alleged violations, including misleading disclosures and breaches of fiduciary duty.

This settlement serves as a strong reminder of the importance of transparency and fiduciary duty in financial services, underscoring the need for investors to choose firms committed to integrity and client-first principles.

Read the full story to learn more about the SEC's findings and how it impacts the financial industry: https://bit.ly/3UyCMmz

10/29/2024

On November 21, 2024, the U.S. Securities and Exchange Commission unveiled its examination priorities for 2025, highlighting critical areas that could impact your practice. From fiduciary obligations to private fund reviews, these insights are essential for staying ahead in a rapidly evolving regulatory landscape.

Key Focus Areas Include:
- High-cost products and illiquid assets
- Conflicts of interest and fee transparency
- Compliance with new SEC rules

Don’t miss our detailed summary of the SEC’s priorities and learn how a third-party assessment from 3iCO can help you fortify your compliance program for upcoming exams. Read the full alert for all the details: https://bit.ly/48sMHQl

On November 21, 2024, the Securities and Exchange Commission (SEC) released its examination priorities for 2025. The release offers critical insights into the areas that the SEC will focus on. The following is a summary ...

10/21/2024

The SEC has charged a financial firm for falsely promoting the use of hashtag in its automated trading platform, raising nearly $4 million from investors. This case highlights the growing need for transparency and ethical practices as technology reshapes the investment landscape.

Want to know more about this SEC case and the risks of AI-related fraud? Read the full article for key insights on protecting your firm and clients: https://bit.ly/40cSU13

10/21/2024

In a significant move aimed at strengthening the integrity of its filing system, the SEC has adopted new rules for the Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system. These changes promise to enhance security measures and improve the user experience for filers. Read our client alert for more information: https://bit.ly/3YeJRek

10/18/2024

Fidelity recently reported a breach where hackers set up fraudulent accounts, accessing data from over 77,000 clients. This incident is a stark reminder that no organization is immune to cyber threats—even industry giants.

For smaller firms, staying vigilant and adaptable is key. At 3iCO, we help ensure your cybersecurity programs are ready to face evolving threats. Cybersecurity Awareness Month is every month—don’t wait to strengthen your defenses! 💻🔒

Contact us to assess and upgrade your cybersecurity program today. Read the full client alert: https://bit.ly/4dI3XSQ