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 Redtail incident cost at least one advisor a client, and shines a light on industry and regulatory inadequacies in cybersecurity reporting and enforcement.
Threats of litigation won't slow states from moving to institute their own fiduciary standards, but the thorny question of whether Reg BI trumps state laws will ultimately be decided in the courts.
In trial, the Securities and Exchange Commission said the commissions generated by Donald J. Fowler were so high that clients would need a 142% return to break even.
