Panelists at a roundtable co-hosted by the SEC and FINRA spoke about their initial observations of how Regulation Best Interest compliance has gone since the rule's implementation earlier this year.
The proposed rules follow revisions made by the National Association of Insurance Commissioners to its model annuity suitability regulations, designed to align with the SEC's Reg BI standard. Critics say the rules...
The wealth management team coming from CenterState Bank will help South State Investment Services supply financial advice to clients in states like Alabama, Florida, Georgia, Virginia and the Carolinas.
Brad East would join the company's Phoenix wealth management team. East has 30 years of experience in the industry and joins the employee-owned firm from Moors & Cabot.
ClearPoint Capital joins Ameriprise from LPL Financial. The firm was founded by Michael Tuell, and he is joined by his children Jillian and John who are working to become licensed advisors.
The SEC claimed Motty Mizrahi defrauded clients of more than $3 million over a number of years. Mizrahi and his brother also face criminal charges of wire fraud for the alleged scheme.
Scarlett Abraham Clarke is joining the Massachusetts-based company, and hopes to help the firm cultivate talent and create safe workplaces for employees during the challenge of the remote work environment.
SEC Chairman Jay Clayton said he was 'cautiously satisfied' by Regulation Best Interest's rollout thus far and said that he was seeing harmonization in the customer experience in both brokerage and fee-for-service...
Many regulatory analysts think it is unlikely that the SEC would undergo yet another rule-making process, especially considering how long it took to design and implement the current rule. But in a 'blue sweep,'...
