Kelli A. Haugh serves as Vice President with NCS Regulatory Compliance. Ms. Haugh provides strategic and regulatory guidance to investment advisers pursuant to the Investment Advisers Act of 1940 and state securities laws, working with firms of diverse sizes and complexities. Ms. Haugh frequently participates in industry conferences and webinars, speaking on a variety of compliance topics related to investment advisers.
She holds an Accredited Investment Fiduciary® (AIF®) designation, a Certified Securities Compliance Professional® (CSCP®) designation, and has held the FINRA Series 65 exam. Ms. Haugh is also an attorney with Dew, Foxman & Haugh, PLLC, a law firm in Delray Beach, Florida concentrating on corporate and securities law.
The custody rule is there to protect the client from the advisor misappropriating or taking client funds without authorization. Some regulators believe having access to that payment information and being able to debit those fees gives the firm access to the client’s funds or securities.23 May 2019