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.
A new bill package includes a section establishing who are fiduciaries, including broker/dealers, broker/dealer agents, insurance producers, investment advisors, federally covered advisors and investment advisor reps.
Two cases late last year and recent regulatory actions have underscored the need for firms to work this year on developing practice standards if they offer robo-advisory services or expect to do so.
Patrick McHenry says the House should look closely at the effectiveness of regulators' fintech innovation initiatives, as well as the industry's readiness to protect personal information.
Advisors, beware of vendors offering “soft” practice management services that are meant to help your business more than your clients. The SEC is watching.
