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 Financial Industry Regulatory Authority levied a $2 million fine on Charles Schwab & Co. for failing to maintain sufficient levels of capital during at least three occasions last summer...
The Department of Labor’s proposed fiduciary rule will cost independent broker/dealers nearly $3.9 billion in start-up costs, according to a new study commissioned by the Financial Services Institute.
The industry lobby group released the repo...
Aug 4 (Reuters) - The U.S. Senate will consider a cybersecurity bill this week that would make it easier for corporations share Americans' personal information with each other or the government, Senate Majority Leader Mitch McConnell said on Tues...
Nowadays, if you are not posting informational videos, tweeting about the latest trend, or marketing your services on your own customized website, you are likely losing potential business opportunities. A recent study by Cogent Reports noted that...
The RIA community has been relatively quiet in the face of the Department of Labor’s proposed fiduciary rule, many saying that regulators are just catching up to what they’re already doing with clients.
Almost two thirds of these independent a...
Merrill Lynch announced this week that it’s planning to develop a new team of specialized advisors for international clients, and will narrow the pool of foreign clients it serves by imposing higher asset minimums and focusing...
Following the July 21 deadline for public comments, the Department of Labor on Thursday night released an additional 250 public comment letters from some of the industry’s largest financial services firms, including Bank of America, Edward...
