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Top compliance program mistakes (and how to avoid them): The devil’s in the details

Person reading a big book
Photo: H. Armstrong Roberts/Retrofile/Getty Images

Part 2, in a series of 3, on common compliance mistakes investment advisers make.

Advisers often spend significant time drafting compliance manuals, but are these policies truly effective in daily operations and risk mitigation? The strength of a compliance program lies in the precision of its language. Vague directives and rigid rules can cause confusion, hinder accountability, and attract regulatory scrutiny.

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