Regulation and Compliance issues for Wealth Professionals can be challenging to navigate especially when the SEC is involved. Catch the latest news and analysis on compliance updates that impact financial advisors.
The CFP Board said it would increase the frequency of how often it checks advisors for regulatory infractions, following revelations it failed to note the marks on public facing sites touting the credentials of thousands.
Donald Laguardia, CEO of Manhattan-based L-R Managers, now bankrupt, allegedly took millions from investors, which was supposed to go into frontier markets investments.
Some shareholders of Ladenburg stock argue that the firm failed to disclose material financial projections and that the Advisor Group deal undervalues their shares.
Senators cited concerns about whistleblower awards and Regulation Best Interest during the SEC Chairman's testimony before the Senate Banking, Housing and Urban Affairs Committee.
Asset managers will soon have free rein to create leveraged and inverse exchange-traded funds under a recent proposal from the SEC that ends a 10-year moratorium on new issuers.