Regulation & Compliance

Although most broker/dealers have policies and procedures in place to address these products, firms need to improve the suitability review and add more controls around holding periods, NASAA says.

"We agree with the need to strengthen the enforcement program," said CFP Board CEO Kevin Keller on Tuesday, responding to a Wall Street Journal report that found thousands of CFP designation holders had customer disputes or criminal charges on...

The story of Wayne McLeod illustrates how, in broker/dealer land, compliance red flags are often ignored when the broker is pulling in a lot of money.

Chris Flint has been endorsed by the Financial Services Institute and the Bank Insurance & Securities Association in his attempt to fill a 'Large Firms' seat on the Board of Governors for the regulatory agency.

The form’s rules create several challenges. Don’t delay working on it.

Will the state's proposed rule be a "shot heard round the world" or "effectively eliminate brokerage business in New Jersey?"

The SEC charged AR Capital, its founder, Nick Schorsch, and CFO Brian Block with fraudulently profiting off of REIT mergers.

In response to requests from the FPA and others, the CFP Board will push back the compliance date for its new Code of Ethics and Standards of Conduct to June 30, 2020, which coincides with the SEC's Reg BI.

The resolution puts pressure on the SEC to collaborate more with state securities regulators, especially on matters of investor protection.

The Financial Planning Association, whose membership includes thousands of CFPs, wants the CFP Board to delay enforcement to coincide with new SEC rules.