Checklist : Diligent Supervision of Off Book and Outside Business Activities

This checklist is intended to help identify diligent supervisory practices used to detect Off Book and Outside Business Activities by  "advisors".We sincerely hope it will help in the successful prosecution of investment dealers who say “ I had no idea” by identifying prudent practices that should be in place to prevent investor abuse. For seniors and retirees this abuse can be life-altering.There is no room for wilful blindness in today's advice giving industry.

We hope regulators and SRO’s will apply the Checklist in their deliberations as well. Too often the dealer Representative  is called to account and the investment dealer gets away with “ I had no idea” yet took no pro-active steps steps to get an idea. Read the article here