Regulation & Compliance http://wealthmanagement.com/taxonomy/term/6625/more en Bills Aimed at Blocking Labor's Fiduciary Rule Hits Senate http://wealthmanagement.com/industry/bills-aimed-blocking-labors-fiduciary-rule-hits-senate <div class="node-body article-body"><p>Legislation aimed at blocking the Department of Labor&rsquo;s fiduciary rule hit the Senate on Thursday, mirroring a bipartisan initiative already moving ahead in the House of Representatives.</p></div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/industry/bills-aimed-blocking-labors-fiduciary-rule-hits-senate" target="_blank">read more</a></p> http://wealthmanagement.com/industry/bills-aimed-blocking-labors-fiduciary-rule-hits-senate#comments Industry Regulation & Compliance Fri, 05 Feb 2016 00:30:00 +0000 1099121 at http://wealthmanagement.com Copyright Mark Wilson/Getty Images House Bill Aimed at Curbing Fiduciary Rules Moves Forward http://wealthmanagement.com/regulation-compliance/house-bill-aimed-curbing-fiduciary-rules-moves-forward <div class="node-body article-body">Bipartisan legislation aimed at curbing the reach of the Department of Labor&rsquo;s fiduciary rule for financial advisors is heading to a full vote by the U.S. House of Representatives for a full vote.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/regulation-compliance/house-bill-aimed-curbing-fiduciary-rules-moves-forward" target="_blank">read more</a></p> http://wealthmanagement.com/regulation-compliance/house-bill-aimed-curbing-fiduciary-rules-moves-forward#comments Industry Regulation & Compliance Tue, 02 Feb 2016 16:32:00 +0000 1096611 at http://wealthmanagement.com Copyright Allison Shelley, Getty Images The Stocks Millennials Buy http://wealthmanagement.com/blog/stocks-millennials-buy <div class="node-body blog-body">The stocks millennials buy, FINRA gets approval for its crowdfunding rules, Preet Bharara on "Billions" and Summit Wealth Management's COO indicted for fraud.</div> <div class="field-content-focus"> <span>Content Classification:&nbsp;</span> Curated </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/stocks-millennials-buy" target="_blank">read more</a></p> http://wealthmanagement.com/blog/stocks-millennials-buy#comments Legal People Blogs Equities Regulation & Compliance The Daily Brief Mon, 01 Feb 2016 11:00:00 +0000 1094201 at http://wealthmanagement.com US SEC to Scale Back Broker Exam Program to Focus More on Advisors - Sources http://wealthmanagement.com/industry/us-sec-scale-back-broker-exam-program-focus-more-advisors-sources <div class="field-byline"> Sarah N. Lynch and Suzanne Barlyn </div> <div class="node-body article-body">U.S. securities regulators are planning to significantly scale back their compliance examination program for brokers so they can pour more resources into examining investment advisers, according to people familiar with the matter.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/industry/us-sec-scale-back-broker-exam-program-focus-more-advisors-sources" target="_blank">read more</a></p> http://wealthmanagement.com/industry/us-sec-scale-back-broker-exam-program-focus-more-advisors-sources#comments Industry Regulation & Compliance Fri, 29 Jan 2016 16:32:00 +0000 1093981 at http://wealthmanagement.com Copyright Mark Wilson, Getty Images FINRA Plans Changes to Registration and Testing Rules http://wealthmanagement.com/blog/finra-plans-changes-registration-and-testing-rules <div class="node-body blog-body">The Financial Industry Regulatory Authority will be working on a number of rule changes in 2016, including moving forward on its plan to revamp license testing, as well as creating a waiver program for those taking a leave of absence or performing different job functions.</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-plans-changes-registration-and-testing-rules" target="_blank">read more</a></p> http://wealthmanagement.com/blog/finra-plans-changes-registration-and-testing-rules#comments Industry Blogs Regulation & Compliance Rulebook Thu, 28 Jan 2016 20:11:00 +0000 1093221 at http://wealthmanagement.com <p>Bob Colby, FINRA&#39;s <span class="st">Chief Legal Officer</span></p> The Pressure is Mounting for IBDs http://wealthmanagement.com/regulation-compliance/pressure-mounting-ibds <div class="field-deck"> What value will independent broker/dealers be able to offer their advisors in a post-Department of Labor fiduciary world? </div> <div class="node-body article-body">Independent broker/dealers have been facing increasing pressure with fee compression on the rise and advisors increasingly expecting more and better services.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/regulation-compliance/pressure-mounting-ibds" target="_blank">read more</a></p> http://wealthmanagement.com/regulation-compliance/pressure-mounting-ibds#comments IBDs Regulation & Compliance Thu, 28 Jan 2016 19:31:00 +0000 1093071 at http://wealthmanagement.com IBDs Bracing for Onslaught of Orphan Accounts http://wealthmanagement.com/ibds/ibds-bracing-onslaught-orphan-accounts <div class="node-body article-body">The Department of Labor’s fiduciary rule could create a wave of so-called “orphan accounts” at independent broker/dealers. Firms better be prepared. </div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/ibds/ibds-bracing-onslaught-orphan-accounts" target="_blank">read more</a></p> http://wealthmanagement.com/ibds/ibds-bracing-onslaught-orphan-accounts#comments IBDs Regulation & Compliance Wed, 27 Jan 2016 19:07:00 +0000 1091551 at http://wealthmanagement.com Signal in the Noise: The Intersection of Regulators' 2016 Exam Priorities http://wealthmanagement.com/regulation-compliance/signal-noise-intersection-regulators-2016-exam-priorities <div class="field-deck"> There are six Priority Intersections identified in both Priority Letters this year. These are the topics that senior management and compliance officers should focus on. </div> <div class="node-body article-body">Experience tells us that when we start seeing Priority Intersections, this can be a sign of those areas where investments will realize the greatest return.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/regulation-compliance/signal-noise-intersection-regulators-2016-exam-priorities" target="_blank">read more</a></p> http://wealthmanagement.com/regulation-compliance/signal-noise-intersection-regulators-2016-exam-priorities#comments Regulation & Compliance Practice Management Wed, 27 Jan 2016 15:33:00 +0000 1091271 at http://wealthmanagement.com The 15 Biggest Sanctions FINRA Levied in 2015 http://wealthmanagement.com/regulation-compliance/15-biggest-sanctions-finra-levied-2015 <div class="node-body gallery-body">The Financial Industry Regulatory Authority cracked down on a number of issues in 2015, although perhaps the most common (and costly) for many firms was mutual fund overcharges. Here are the top 15 fines levied by FINRA, totaling $134.4 million.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/regulation-compliance/15-biggest-sanctions-finra-levied-2015" target="_blank">read more</a></p> http://wealthmanagement.com/regulation-compliance/15-biggest-sanctions-finra-levied-2015#comments Industry Regulation & Compliance Fri, 22 Jan 2016 16:24:00 +0000 1087671 at http://wealthmanagement.com Preparing for the Coming DOL Storm http://wealthmanagement.com/regulation-compliance/preparing-coming-dol-storm <div class="node-body article-body">Everyone is likely to be subject to greater compliance oversight. </div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/regulation-compliance/preparing-coming-dol-storm" target="_blank">read more</a></p> http://wealthmanagement.com/regulation-compliance/preparing-coming-dol-storm#comments Industry Regulation & Compliance Wed, 20 Jan 2016 15:18:00 +0000 1080121 at http://wealthmanagement.com