Most Recent Blog Posts

Jul 02, 2015

Barred Broker Facing Fraud Charges for Alleged Ponzi Scheme1

A broker previously barred from the industry is now facing additional federal civil and criminal fraud charges for an alleged $15.5 million scheme....More
Jun 16, 2015

Fiduciary Fight Heats Up on Hill

Opposition to the White House-backed to the proposed definition of a fiduciary financial advisors continues to grow on Capitol Hill....More
Jun 15, 2015

Cost of Litigation for Firms Totals $178B Since Crisis

The cost of complying with regulations is skyrocketing. Banks and financial institutions in the U.S. and Europe have paid out $178 billion in....More
Jun 04, 2015

The 'Game Has Changed': Candid Comments on the Reality of DOL Fiduciary Fight

The financial services industry needs to accept the reality of the Department of Labor's fiduciary proposal and move onto figuring out how to....More
Jun 04, 2015

SEC Warns Investors About Advisors Boasting Fake Credentials

The SEC released a new warning to investors after two new cases of advisors faking credentials to gain investors' trust....More
Jun 03, 2015

SIFMA: DOL Fiduciary Proposal “Unworkable”

SIFMA reiterated its opposition to the Department of Labor’s fiduciary proposal on Wednesday, calling the proposed restrictions “unworkable.”....More
May 28, 2015

FINRA Checking Up on Advisors' Lifestyles

If your paycheck is wildly out of whack with your lifestyle, your firm’s compliance department and regulators may come knocking....More
May 28, 2015

Next Regulators Will Be Asking to See Text Messages

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....More
May 21, 2015

Casady: Better DOL Rule Needs Only 'A Couple' Of Improvements

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....More
May 15, 2015

The Blotter Report: Fraudsters Sidelined

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....More
May 06, 2015

AdvisorHUB Founder Admits Tax Fraud

Head of AdvisorHUB, a popular website featuring recruitment deal information and industry rumors, recently pled guilty to tax fraud....More
Apr 14, 2015

Bad, Bad Leroy Brown

Leroy Brown Jr. is facing fraud charges after he fraudulently portrayed himself as a stockbroker and used his military background to bilk investors....More
Mar 30, 2015

SEC Charges Lynn Tilton with Fraud

The Securities and Exchange Commission charged Lynn Tilton and her Patriarch Partners firm with fraud on Monday, claiming the Bronx-born business....More
Mar 24, 2015

SEC Chair Supports Outside Examiners For RIAs

SEC Chair Mary Jo White told a congressional committee Tuesday she supported the idea of third-party examiners for RIAs to supplement, but not....More
Mar 16, 2015

SIFMA Attacks White House Conflicted Advice Research2

The Securities Industry and Financial Markets Association on Monday blasted research produced by the White House in its recent efforts to push....More
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Compliance, regulatory and legal issues, with a fair amount of cops and robbers for fun.

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