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.
Thanks to Chairwoman Mary Schapiro, if your clients' money market funds are threatening to break the buck, the board of the fund may elect to suspend redemptions.
On Monday, Citigroup filed a motion to dismiss a class action lawsuit filed against the firm over the terms of its financial advisor bonus pay agreements. The firm filed the motion with the U.S. District Court for the Southern District of New York.
In 2009, asset protection specialists watched a major Internal Revenue Service drive to flush out secret foreign bank accounts while a financial crisis brought to light mammoth Ponzi schemes and took down publicly traded companies. But we saw few...
The IRS' success against UBS AG seems to be the famed butterfly in the rainforest that causes gigantic ripples across the world. The campaign against secret funds in Switzerland led the news. But several unrelated efforts in 2009 shared a common...
The Financial Services Institute (FSI) plans on lobbying against recently re-introduced legislation in the Senate that threatens financial advisors’ “independent contractor” worker classification. On December 15, Senator John...
With the decade ending tomorrow, the chorus blaming bankers—and only bankers—for the economic “lost decade” will finally grow crescendo. (Lots of think pieces will appear online and in papers everywhere.) Naturally...
The House of Representatives passed the Wall Street Reform and Consumer Protection Act of 2009 by a narrow margin Friday afternoon: 223 votes in favor to 202 against. But it will still be a long time before the regulatory future for broker/dealers...
