In business, they say that you have to break a few eggs to make an omelet, which boils down to the fact that it takes money to make money. This is true. But, another more complex and somewhat perilous side of business exists. And, it goes by the name of “compliance”.
There are some obvious and well-known examples of this compliance such as not selling cigarettes to minors, sell by dates on gallons of milk, and public restrooms for places that serve food. Still, there are other follow-the-rules rules in business such as employee identifications being on file, tax statuses and others too numerous to mention by name. Visit Jeff Yastine at medium .com to know more.
If you’re looking for the best place to invest in 2018, here’s where it is…#investing #stocks #StockMarket #MergersAndAcquisitions #mergers #BanyanHill $BMY #BIIB $JWN $AKAM $MNAhttps://t.co/LXPrhFS8VN
— Jeff Yastine (@Jeff_Y_Guru) December 19, 2017
The point is that nearly every business, and certainly those that do well for themselves, knows that noncompliance costs money in the form of government fines. So besides being good at providing whatever service and product is needed of them, smart companies keep themselves compliant with government regulations. The more complex and strictly enforced a regulation, the more difficult it becomes to remember and obey. Consequently, these are often some of the most costly rules to follow. This is a sheer coincidence and in no way by design.
To this end, there is a whole entire industry emerging to answer the call of heightened government scrutiny of trade and commerce, for the good of the public. As a matter of fact, experts put the costs of legal compliance in the financial services field at around 60 billion a year. That is to say financial institutions such as banks hire lawyers, accountants and other agents to keep “big brother” off their backs. These professionals use tools and techniques to serve their clients and employers. Sometimes, these tools are highly technical and specifically designed to handle the rigors of regulatory compliance. More info about Jeff Yastine at tumblr.com
The name for the industry that keeps all this going is “regtech”. In fact, the need for these regtech companies is so great that some governments are thinking about granting them particular privileges under the law. Either way it goes, they are great investment opportunities for seeing solid returns, on the few occasions that they make themselves available.
A good way to make sure you know where to took for these businesses is to follow the advice of Jeff Yastine. For anyone who likes to get to the bottom line quickly and safely in their investment endeavors, his experience and insights are perfect. He serves Banyan Hill Publishing as its editorial director. Learn more:https://www.investmentu.com/investment-experts/jeff-yastine