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 six-year-old FINRA arbitration case has worked its way up to the Supreme Court, after the investor found out that the arbitrator’s husband just happened to be a Wharton School professor and consultant for several investment firms...
Regulators produced over 3,000 new rules last year, racking up $1.863 trillion in compliance and economic impact costs, according to a new study. Financial regulation alone made up about 18 percent of the rules.
The Dept. of Treasury, Commodity ...
Going down for the count is never a good thing in any confrontation. But being hit while you are down is far worse. That is precisely what FINRA is attempting to do to its members with the approval of its new rule that prohibits...
FINRA passed new rules Thursday requiring broker-dealers to perform background checks on incoming brokers. But while most of the top firms already screen new recruits, the new rules could force out up to 5 percent of advisors with past issues...
The SEC’s recent guidance on testimonials and social media gave advisors the green light to promote client reviews published on third party review sites, such as Yelp.com or Angie's List. But some say advisor directories like...
The number of FINRA enforcement cases aimed at financial firms may be down slightly so far this year, but the fines themsleves are on the rise, according to new data released by Sutherland Asbill & Brennan LLP Thursday...
Transamerica Financial Advisors agreed to pay $1.1 million to settle the Securities Exchange Commission's allegations the St. Petersburg, Fla.-based firm improperly calculated advisory fees and overcharged its clients...
Would-be fraudsters beware: Eating the evidence will not deter the Securities and Exchange Commission. A Morgan Stanley stockbroker and an employee at a prominent New York law firm found that out the hard way when the two were charged with insider...
Institutions—no matter how large—should be held accountable for crimes. And it’s only a matter of time before a significant financial company is charged with a felony because prosecutors aren't buying the 'sky will fall&...
