Legal http://wealthmanagement.com/taxonomy/term/23641/more en Wall St Watchdog FINRA to Bolster Reviews of Brokerage Cybersecurity http://wealthmanagement.com/legal/wall-st-watchdog-finra-bolster-reviews-brokerage-cybersecurity <div class="field-byline"> Reuters </div> <div class="node-body article-body">Wall Street's industry funded watchdog plans to intensify its scrutiny of cybersecurity practices at brokerage firms in 2015 and is hiring technology savvy examiners to help boost its efforts, an official said on Wednesday.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/legal/wall-st-watchdog-finra-bolster-reviews-brokerage-cybersecurity" target="_blank">read more</a></p> http://wealthmanagement.com/legal/wall-st-watchdog-finra-bolster-reviews-brokerage-cybersecurity#comments Industry Legal Regulation & Compliance Thu, 30 Oct 2014 13:53:00 +0000 693941 at http://wealthmanagement.com SEC Charges Sands Brothers Asset Management with Custody Rule Violations http://wealthmanagement.com/legal/sec-charges-sands-brothers-asset-management-custody-rule-violations <div class="node-body article-body">The U.S. Securities and Exchange Commission charged Sands Brothers Asset Management LLC with custody rule violations for the second time in four years. </div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/legal/sec-charges-sands-brothers-asset-management-custody-rule-violations" target="_blank">read more</a></p> http://wealthmanagement.com/legal/sec-charges-sands-brothers-asset-management-custody-rule-violations#comments Legal Wed, 29 Oct 2014 18:06:00 +0000 693811 at http://wealthmanagement.com Ex-UBS Broker Wins and Loses in Split U.S. Arbitration Ruling http://wealthmanagement.com/legal/ex-ubs-broker-wins-and-loses-split-us-arbitration-ruling <div class="field-byline"> Reuters </div> <div class="node-body article-body">In a rare move, a securities arbitration panel sided with a broker who alleged UBS AG had hurt his business model and team, although the broker also has to return bonus money.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/legal/ex-ubs-broker-wins-and-loses-split-us-arbitration-ruling" target="_blank">read more</a></p> http://wealthmanagement.com/legal/ex-ubs-broker-wins-and-loses-split-us-arbitration-ruling#comments Legal Wirehouse Wed, 29 Oct 2014 12:59:00 +0000 693001 at http://wealthmanagement.com The Daily Brief: Zombie Advisor http://wealthmanagement.com/blog/daily-brief-zombie-advisor <div class="node-body blog-body">Two years after being declared dead, ex-investment adviser from Georgia was sentenced to 30 years for losing clients' money, AP reported on Tuesday. Aubrey Lee Price, 48, lost much of the $40 million he raised from about 115 clients and then vanished in 2012. </div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/daily-brief">The Daily Brief</a></li> </ul></div><p><a href="http://wealthmanagement.com/blog/daily-brief-zombie-advisor" target="_blank">read more</a></p> http://wealthmanagement.com/blog/daily-brief-zombie-advisor#comments Blogs Industry Legal The Daily Brief Wed, 29 Oct 2014 09:01:00 +0000 692941 at http://wealthmanagement.com Bank of America's Merrill Lynch Fined Over Short-Sale Rule Violations http://wealthmanagement.com/legal/bank-americas-merrill-lynch-fined-over-short-sale-rule-violations <div class="field-byline"> Reuters </div> <div class="node-body article-body">Wall Street's self-funded regulator said on Monday it fined Bank of America Corp's Merrill Lynch unit a total of $6 million over violations of certain short-selling rules designed to prevent market manipulation.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/legal/bank-americas-merrill-lynch-fined-over-short-sale-rule-violations" target="_blank">read more</a></p> http://wealthmanagement.com/legal/bank-americas-merrill-lynch-fined-over-short-sale-rule-violations#comments Legal Wirehouse Mon, 27 Oct 2014 17:18:00 +0000 691491 at http://wealthmanagement.com U.S. SEC Rejects NYSE Proposal to List 'Non-Transparent' ETFs http://wealthmanagement.com/legal/us-sec-rejects-nyse-proposal-list-non-transparent-etfs <div class="field-byline"> Reuters </div> <div class="node-body article-body">U.S. regulators on Friday rejected a proposal from the NYSE Arca exchange to be able to list and trade actively managed exchange-traded funds that do not have to disclose their holdings on a daily basis.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/legal/us-sec-rejects-nyse-proposal-list-non-transparent-etfs" target="_blank">read more</a></p> http://wealthmanagement.com/legal/us-sec-rejects-nyse-proposal-list-non-transparent-etfs#comments Legal ETFs Mon, 27 Oct 2014 12:02:00 +0000 690221 at http://wealthmanagement.com lukas_zb/iStock/Thinkstock U.S. Regulators Get Guide to Lift Trade Execution Disclosure http://wealthmanagement.com/legal/us-regulators-get-guide-lift-trade-execution-disclosure <div class="field-byline"> Reuters </div> <div class="node-body article-body">Three associations representing the U.S. financial services industry sent securities regulators on Thursday a template for improving the disclosure to institutional investors of how and where their orders are routed, a hot topic on Wall Street.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/legal/us-regulators-get-guide-lift-trade-execution-disclosure" target="_blank">read more</a></p> http://wealthmanagement.com/legal/us-regulators-get-guide-lift-trade-execution-disclosure#comments Legal Fri, 24 Oct 2014 13:30:00 +0000 689551 at http://wealthmanagement.com Copyright Chip Somodevilla, Getty Images Tax Law Update: November 2014 http://wealthmanagement.com/legal/tax-law-update-november-2014 <div class="node-body article-body">David A. Handler and Alison E. Lothes highlight the most important tax law developments of the past month</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/legal/tax-law-update-november-2014" target="_blank">read more</a></p> http://wealthmanagement.com/legal/tax-law-update-november-2014#comments Legal Taxes Public Thu, 23 Oct 2014 19:38:00 +0000 689241 at http://wealthmanagement.com U.S. SEC Intends to Deny Proposals for "Non-Transparent" ETFs http://wealthmanagement.com/etfs/us-sec-intends-deny-proposals-non-transparent-etfs <div class="field-byline"> Reuters </div> <div class="node-body article-body">U.S. regulators said they plan to deny proposals for a new breed of actively managed exchange-traded funds that would be allowed to keep their holdings under wraps for months at a time, the latest setback to a push for a rule change that many in the industry see as a game changer for the ETF market.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/etfs/us-sec-intends-deny-proposals-non-transparent-etfs" target="_blank">read more</a></p> http://wealthmanagement.com/etfs/us-sec-intends-deny-proposals-non-transparent-etfs#comments Legal ETFs Wed, 22 Oct 2014 16:52:00 +0000 687541 at http://wealthmanagement.com State Court Trust Reformation http://wealthmanagement.com/estate-planning/state-court-trust-reformation <div class="field-deck"> IRS rules that correction of scrivener’s errors caused transfers to be completed gifts </div> <div class="node-body article-body">In a recent Private Letter Ruling, the IRS ruled that a reformation of a trust to correct scrivener’s errors caused remainder interests to be completed gifts and as such, a trust’s assets wouldn’t be included in a grantor’s gross estate on his death. </div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/estate-planning/state-court-trust-reformation" target="_blank">read more</a></p> http://wealthmanagement.com/estate-planning/state-court-trust-reformation#comments Legal Estate Planning Public Wed, 22 Oct 2014 14:53:00 +0000 687461 at http://wealthmanagement.com Staras/iStock/Thinkstock