Regulatory Round Up - August 2025

As we move into August, it’s the perfect time to refocus on the systems that keep your firm compliant and confident. This month, we’re spotlighting compliance testing — turning oversight into a strategic advantage — and digging into the annual best execution review to ensure your processes are as strong as your fiduciary duty. 

This August Round Up is packed with practical guidance to help your firm stay proactive, compliant, and ready for whatever’s on the horizon — no summer slowdown required. 

This Month’s Trail Markers: 

• Compliance Testing in Action: A guide to building and maintaining a testing program that not only meets regulatory expectations but strengthens your compliance culture. 
• Best Execution Review: Practical tool for documenting broker comparisons, analyzing execution quality, and staying ahead of any exam request. 
• Continued Prep for Reg SP Compliance: We are rolling along the Reg S-P Trail. Last month we focused on the list of service providers engaged by the firm. This month we turn to the firm’s incident response plan. 

At True West, we know compliance isn’t just a checklist — it’s the compass that keeps your firm on the right trail. This August, tighten the reins on your testing and best execution reviews so you can ride with confidence and stay ahead of any regulatory dust storms. Saddle up, stay sharp, and let’s keep your firm on a steady course! 

Happy Trails!