Legal http://wealthmanagement.com/taxonomy/term/23641/more en Wall Street regulator to consider mandating broker background checks http://wealthmanagement.com/legal/wall-street-regulator-consider-mandating-broker-background-checks <div class="field-byline"> Reuters </div> <div class="field-deck"> The FINRA board will review the proposal at its April 24 meeting </div> <div class="node-body article-body">Wall Street's self-funded regulator announced on Wednesday it will soon consider whether to propose new rules to require background checks for brokers.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/legal/wall-street-regulator-consider-mandating-broker-background-checks" target="_blank">read more</a></p> http://wealthmanagement.com/legal/wall-street-regulator-consider-mandating-broker-background-checks#comments Fiduciary Professions Legal Regulation & Compliance Public Wed, 16 Apr 2014 16:46:00 +0000 538041 at http://wealthmanagement.com The Blotter Report: Sneaky Suspects http://wealthmanagement.com/blog/blotter-report-sneaky-suspects <div class="node-body blog-body">The owner of a failed New York City-based brokerage firm and his partner are busted for an international kickback scheme, while on the other side of the country a Honolulu woman is charged with using fake credentials to swindle 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/blotter-report-sneaky-suspects" target="_blank">read more</a></p> http://wealthmanagement.com/blog/blotter-report-sneaky-suspects#comments Blogs Legal Rulebook Tue, 15 Apr 2014 13:42:00 +0000 537141 at http://wealthmanagement.com FINRA Lifts Hold on Puerto Rico Bond Cases, Expands Arbitrator Pool http://wealthmanagement.com/regulation-compliance/finra-lifts-hold-puerto-rico-bond-cases-expands-arbitrator-pool <div class="field-byline"> Reuters </div> <div class="node-body article-body">Wall Street watchdog FINRA said on Monday it is lifting the hold it had put on some cases involving investors who lost money in closed-end Puerto Rico bond funds after expanding its pool of arbitrators available to hear the cases.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/regulation-compliance/finra-lifts-hold-puerto-rico-bond-cases-expands-arbitrator-pool" target="_blank">read more</a></p> http://wealthmanagement.com/regulation-compliance/finra-lifts-hold-puerto-rico-bond-cases-expands-arbitrator-pool#comments Legal Regulation & Compliance Tue, 15 Apr 2014 13:10:00 +0000 536591 at http://wealthmanagement.com Watchdog FINRA Probes Banks' Bond Transactions http://wealthmanagement.com/legal/watchdog-finra-probes-banks-bond-transactions <div class="node-body article-body">Wall Street watchdog FINRA is taking a broad look at the trading profits of banks and other middlemen in some bond transactions to examine whether some money managers are favored at the expense of other investors.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/legal/watchdog-finra-probes-banks-bond-transactions" target="_blank">read more</a></p> http://wealthmanagement.com/legal/watchdog-finra-probes-banks-bond-transactions#comments Legal Markets Regulation & Compliance Fri, 11 Apr 2014 04:59:00 +0000 534421 at http://wealthmanagement.com Trusts Can Materially Participate in Trade or Business http://wealthmanagement.com/estate-planning/trusts-can-materially-participate-trade-or-business <div class="field-deck"> Taxpayer victory in Frank Aragona Trust v. Commissioner </div> <div class="node-body article-body">The recent decision in Frank Aragona Trust v. Commissioner was a big taxpayer victory that provides much needed guidance for trusts that own business interests.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/estate-planning/trusts-can-materially-participate-trade-or-business" target="_blank">read more</a></p> http://wealthmanagement.com/estate-planning/trusts-can-materially-participate-trade-or-business#comments Legal Estate Planning Public Thu, 10 Apr 2014 19:12:00 +0000 534111 at http://wealthmanagement.com Tax Court Includes Certain Trust Assets in Decedent’s Estate http://wealthmanagement.com/estate-planning/tax-court-includes-certain-trust-assets-decedent-s-estate <div class="field-deck"> Son attempted to comply with mother’s intent to minimize taxes </div> <div class="node-body article-body"> Decedent’s estate was required to include in the value of the gross estate some of the assets held in a trust she created. </div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/estate-planning/tax-court-includes-certain-trust-assets-decedent-s-estate" target="_blank">read more</a></p> http://wealthmanagement.com/estate-planning/tax-court-includes-certain-trust-assets-decedent-s-estate#comments Legal Estate Planning Public Thu, 10 Apr 2014 15:07:00 +0000 533861 at http://wealthmanagement.com SEC's Stein Backs States' Push to Police Smaller Stock Deals http://wealthmanagement.com/regulation-compliance/secs-stein-backs-states-push-police-smaller-stock-deals <div class="field-byline"> Reuters </div> <div class="node-body article-body">U.S. securities regulators should not be so quick to scale back the power of the states to police certain smaller public stock deals, a top U.S. Securities and Exchange Commission official warned on Tuesday.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/regulation-compliance/secs-stein-backs-states-push-police-smaller-stock-deals" target="_blank">read more</a></p> http://wealthmanagement.com/regulation-compliance/secs-stein-backs-states-push-police-smaller-stock-deals#comments Legal Regulation & Compliance Tue, 08 Apr 2014 18:46:00 +0000 532121 at http://wealthmanagement.com Wall St. Tactic for Fighting Investor Claims Seen as Double Standard http://wealthmanagement.com/regulation-compliance/wall-st-tactic-fighting-investor-claims-seen-double-standard <div class="field-byline"> Reuters </div> <div class="node-body article-body">Recent cases show that Wall Street embraces an entirely different strategy when dealing with certain investment banking customers: it demands they go to court.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/regulation-compliance/wall-st-tactic-fighting-investor-claims-seen-double-standard" target="_blank">read more</a></p> http://wealthmanagement.com/regulation-compliance/wall-st-tactic-fighting-investor-claims-seen-double-standard#comments Legal Regulation & Compliance Mon, 07 Apr 2014 13:25:00 +0000 530591 at http://wealthmanagement.com SEC Censures Transamerica For Overcharging Clients http://wealthmanagement.com/regulation-compliance/sec-censures-transamerica-overcharging-clients <div class="node-body article-body">Transamerica Financial Advisors agreed to pay $1.1 million to settle the Securities Exchange Commission’s allegations the St. Petersburg, Fla.-based firm improperly calculated advisory fees and overcharged its clients.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/regulation-compliance/sec-censures-transamerica-overcharging-clients" target="_blank">read more</a></p> http://wealthmanagement.com/regulation-compliance/sec-censures-transamerica-overcharging-clients#comments Legal Regulation & Compliance Thu, 03 Apr 2014 17:27:00 +0000 529361 at http://wealthmanagement.com The Blotter Report: Eating the Paper Trail http://wealthmanagement.com/blog/blotter-report-eating-paper-trail <div class="node-body blog-body">Would-be fraudsters beware: Eating the evidence will not deter the Securities and Exchange Commission. A Morgan Stanley stockbroker and an employee at a prominent New York law firm found that out the hard way when the two were charged with insider trading last month.</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-eating-paper-trail" target="_blank">read more</a></p> http://wealthmanagement.com/blog/blotter-report-eating-paper-trail#comments Legal Regulation & Compliance Rulebook Wed, 02 Apr 2014 17:54:00 +0000 528481 at http://wealthmanagement.com