Rulebook http://wealthmanagement.com/blog/246001/feed en Barred Broker Facing Fraud Charges for Alleged Ponzi Scheme http://wealthmanagement.com/blog/barred-broker-facing-fraud-charges-alleged-ponzi-scheme <div class="node-body blog-body">A broker previously barred from the industry is now facing additional federal civil and criminal fraud charges for an alleged $15.5 million scheme involving fake certificates of deposits.</div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/rulebook">Rulebook</a></li> </ul></div><p><a href="http://wealthmanagement.com/blog/barred-broker-facing-fraud-charges-alleged-ponzi-scheme" target="_blank">read more</a></p> http://wealthmanagement.com/blog/barred-broker-facing-fraud-charges-alleged-ponzi-scheme#comments Legal People Blogs Rulebook Thu, 02 Jul 2015 14:14:00 +0000 936141 at http://wealthmanagement.com Fiduciary Fight Heats Up on Hill http://wealthmanagement.com/blog/fiduciary-fight-heats-hill <div class="node-body blog-body">Opposition to the White House-backed to the proposed definition of a fiduciary financial advisors continues to grow on Capitol Hill.</div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/rulebook">Rulebook</a></li> </ul></div><p><a href="http://wealthmanagement.com/blog/fiduciary-fight-heats-hill" target="_blank">read more</a></p> http://wealthmanagement.com/blog/fiduciary-fight-heats-hill#comments Legal Blogs Regulation & Compliance Rulebook Tue, 16 Jun 2015 17:56:00 +0000 924341 at http://wealthmanagement.com <p>Labor Secretary Tom Perez scheduled to speak to Congress on fiduciary proposal on Wednesday. | Copyright&nbsp;Joe&nbsp;Raedle,&nbsp;Getty Images.&nbsp;</p> Cost of Litigation for Firms Totals $178B Since Crisis http://wealthmanagement.com/blog/cost-litigation-firms-totals-178b-crisis <div class="node-body blog-body">The cost of complying with regulations is skyrocketing. Banks and financial institutions in the U.S. and Europe have paid out $178 billion in litigation costs since the financial crisis, according to data compiled by the Boston Consulting Group.</div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/rulebook">Rulebook</a></li> </ul></div><p><a href="http://wealthmanagement.com/blog/cost-litigation-firms-totals-178b-crisis" target="_blank">read more</a></p> http://wealthmanagement.com/blog/cost-litigation-firms-totals-178b-crisis#comments Legal Blogs Regulation & Compliance Rulebook Mon, 15 Jun 2015 16:15:00 +0000 922151 at http://wealthmanagement.com The 'Game Has Changed': Candid Comments on the Reality of DOL Fiduciary Fight http://wealthmanagement.com/blog/game-has-changed-candid-comments-reality-dol-fiduciary-fight <div class="node-body blog-body">The financial services industry needs to accept the reality of the Department of Labor&#39;s fiduciary proposal and move onto figuring out how to live with it, advisors and industry trade associations said at Pershing INSITE 2015.</div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/rulebook">Rulebook</a></li> </ul></div><p><a href="http://wealthmanagement.com/blog/game-has-changed-candid-comments-reality-dol-fiduciary-fight" target="_blank">read more</a></p> http://wealthmanagement.com/blog/game-has-changed-candid-comments-reality-dol-fiduciary-fight#comments Industry Blogs Regulation & Compliance Rulebook Thu, 04 Jun 2015 18:17:00 +0000 915411 at http://wealthmanagement.com <p><span style="font-size: 13px; line-height: 20px;">Pershing&#39;s&nbsp;Robert&nbsp;</span><span data-scayt-word="Cirrotti" style="font-size: 13px; line-height: 20px;">Cirrotti</span><span style="font-size: 13px; line-height: 20px;">,&nbsp;</span>FSI&#39;s<span style="font-size: 13px; line-height: 20px;">&nbsp;David&nbsp;Bellaire, Cambridge Investment&nbsp;</span><span data-scayt-word="Reserach's" style="font-size: 13px; line-height: 20px;">Reserach&#39;s</span><span style="font-size: 13px; line-height: 20px;">&nbsp;General Counsel Seth Miller and Pershing&#39;s&nbsp;Tonia Bottoms on a panel Thursday talking about the Labor Department&#39;s&nbsp;fiduciary proposal.&nbsp;</span></p> SEC Warns Investors About Advisors Boasting Fake Credentials http://wealthmanagement.com/blog/sec-warns-investors-about-advisors-boasting-fake-credentials <div class="node-body blog-body">The SEC released a new warning to investors after two new cases of advisors faking credentials to gain investors' trust. </div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/rulebook">Rulebook</a></li> </ul></div><p><a href="http://wealthmanagement.com/blog/sec-warns-investors-about-advisors-boasting-fake-credentials" target="_blank">read more</a></p> http://wealthmanagement.com/blog/sec-warns-investors-about-advisors-boasting-fake-credentials#comments Legal Blogs Rulebook Thu, 04 Jun 2015 04:05:00 +0000 913101 at http://wealthmanagement.com SIFMA: DOL Fiduciary Proposal “Unworkable” http://wealthmanagement.com/blog/sifma-dol-fiduciary-proposal-unworkable <div class="node-body blog-body">SIFMA reiterated its opposition to the Department of Labor’s fiduciary proposal on Wednesday, calling the proposed restrictions “unworkable.”</div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/rulebook">Rulebook</a></li> </ul></div><p><a href="http://wealthmanagement.com/blog/sifma-dol-fiduciary-proposal-unworkable" target="_blank">read more</a></p> http://wealthmanagement.com/blog/sifma-dol-fiduciary-proposal-unworkable#comments Blogs Regulation & Compliance Rulebook Wed, 03 Jun 2015 15:46:00 +0000 912561 at http://wealthmanagement.com FINRA Checking Up on Advisors' Lifestyles http://wealthmanagement.com/blog/finra-checking-advisors-lifestyles <div class="node-body blog-body">If your paycheck is wildly out of whack with your lifestyle, your firm’s compliance department and regulators may come knocking. </div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/rulebook">Rulebook</a></li> </ul></div><p><a href="http://wealthmanagement.com/blog/finra-checking-advisors-lifestyles" target="_blank">read more</a></p> http://wealthmanagement.com/blog/finra-checking-advisors-lifestyles#comments Blogs Regulation & Compliance Rulebook Thu, 28 May 2015 19:34:00 +0000 907681 at http://wealthmanagement.com Next Regulators Will Be Asking to See Text Messages http://wealthmanagement.com/blog/next-regulators-will-be-asking-see-text-messages <div class="node-body blog-body">Examiners regularly ask to see email and website records, but that's about to change. Smarsh's CEO predicts in just a few years, reviews of text messages could be commonplace. </div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/rulebook">Rulebook</a></li> </ul></div><p><a href="http://wealthmanagement.com/blog/next-regulators-will-be-asking-see-text-messages" target="_blank">read more</a></p> http://wealthmanagement.com/blog/next-regulators-will-be-asking-see-text-messages#comments IBDs Industry Blogs Regulation & Compliance Rulebook Thu, 28 May 2015 12:00:00 +0000 906891 at http://wealthmanagement.com Casady: Better DOL Rule Needs Only 'A Couple' Of Improvements http://wealthmanagement.com/blog/casady-better-dol-rule-needs-only-couple-improvements <div class="node-body blog-body">The head of LPL Financial praised the Department of Labor’s changes in its re-proposed fiduciary rule aimed at financial advisors, saying “just a couple of items to improve from here.”</div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/rulebook">Rulebook</a></li> </ul></div><p><a href="http://wealthmanagement.com/blog/casady-better-dol-rule-needs-only-couple-improvements" target="_blank">read more</a></p> http://wealthmanagement.com/blog/casady-better-dol-rule-needs-only-couple-improvements#comments IBDs Industry Blogs Regulation & Compliance Rulebook Thu, 21 May 2015 20:26:00 +0000 901931 at http://wealthmanagement.com The Blotter Report: Fraudsters Sidelined http://wealthmanagement.com/blog/blotter-report-fraudsters-sidelined <div class="node-body blog-body">A former Utah broker is in trouble...again, while trial continues against a former advisor and his wingman accused of bilking NHL players out of millions. And finally a father/son duo tried to disguise their insider-trading scheme with golf lingo. Fore! </div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/rulebook">Rulebook</a></li> </ul></div><p><a href="http://wealthmanagement.com/blog/blotter-report-fraudsters-sidelined" target="_blank">read more</a></p> http://wealthmanagement.com/blog/blotter-report-fraudsters-sidelined#comments Legal Blogs Rulebook Fri, 15 May 2015 14:03:00 +0000 895741 at http://wealthmanagement.com AdvisorHUB Founder Admits Tax Fraud http://wealthmanagement.com/blog/advisorhub-founder-admits-tax-fraud <div class="node-body blog-body">Head of AdvisorHUB, a popular website featuring recruitment deal information and industry rumors, recently pled guilty to tax fraud.</div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/rulebook">Rulebook</a></li> </ul></div><p><a href="http://wealthmanagement.com/blog/advisorhub-founder-admits-tax-fraud" target="_blank">read more</a></p> http://wealthmanagement.com/blog/advisorhub-founder-admits-tax-fraud#comments Legal Blogs Rulebook Wed, 06 May 2015 21:24:00 +0000 875541 at http://wealthmanagement.com Bad, Bad Leroy Brown http://wealthmanagement.com/blog/bad-bad-leroy-brown <div class="node-body blog-body">Leroy Brown Jr. is facing fraud charges after he fraudulently portrayed himself as a stockbroker and used his military background to bilk investors. </div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/rulebook">Rulebook</a></li> </ul></div><p><a href="http://wealthmanagement.com/blog/bad-bad-leroy-brown" target="_blank">read more</a></p> http://wealthmanagement.com/blog/bad-bad-leroy-brown#comments Legal People Blogs Rulebook Tue, 14 Apr 2015 14:54:00 +0000 835631 at http://wealthmanagement.com SEC Charges Lynn Tilton with Fraud http://wealthmanagement.com/blog/sec-charges-lynn-tilton-fraud <div class="node-body blog-body">The Securities and Exchange Commission charged Lynn Tilton and her Patriarch Partners firm with fraud on Monday, claiming the Bronx-born business magnet and her company of hiding the poor performance of loan assets in three collateralized loan obligation funds.</div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/rulebook">Rulebook</a></li> </ul></div><p><a href="http://wealthmanagement.com/blog/sec-charges-lynn-tilton-fraud" target="_blank">read more</a></p> http://wealthmanagement.com/blog/sec-charges-lynn-tilton-fraud#comments Legal Blogs Rulebook Mon, 30 Mar 2015 14:50:00 +0000 825711 at http://wealthmanagement.com <p>Lynn Tilton</p> SEC Chair Supports Outside Examiners For RIAs http://wealthmanagement.com/blog/sec-chair-supports-outside-examiners-rias <div class="node-body blog-body">SEC Chair Mary Jo White told a congressional committee Tuesday she supported the idea of third-party examiners for RIAs to supplement, but not replace, those performed by her commission.</div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/rulebook">Rulebook</a></li> </ul></div><p><a href="http://wealthmanagement.com/blog/sec-chair-supports-outside-examiners-rias" target="_blank">read more</a></p> http://wealthmanagement.com/blog/sec-chair-supports-outside-examiners-rias#comments Blogs Rulebook Tue, 24 Mar 2015 21:25:00 +0000 822101 at http://wealthmanagement.com SIFMA Attacks White House Conflicted Advice Research http://wealthmanagement.com/blog/sifma-attacks-white-house-conflicted-advice-research <div class="node-body blog-body">The Securities Industry and Financial Markets Association on Monday blasted research produced by the White House in its recent efforts to push forward a fiduciary standard for advisors, calling its approach flawed.</div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/rulebook">Rulebook</a></li> </ul></div><p><a href="http://wealthmanagement.com/blog/sifma-attacks-white-house-conflicted-advice-research" target="_blank">read more</a></p> http://wealthmanagement.com/blog/sifma-attacks-white-house-conflicted-advice-research#comments Industry Blogs Rulebook Mon, 16 Mar 2015 20:02:00 +0000 815651 at http://wealthmanagement.com