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.
Depending upon who you listen to, we are either in a recession, or one is gathering on the horizon. (The Fed's Beige Book says no recession just slower growth.) Either way, it takes a brave investor to start taking stakes in high-yield bond funds...
Apparently, some people still think it’s far too easy for brokers to wipe their records clean, particularly where customer dispute information is concerned. A story on SmartMoney
The SEC released the results of the RAND study today, which examined two issues: how broker/dealers and investment advisors market and provide products and services to investors, and how investors understand the differences between investment...
In March 2003, NASD received a customer complaint letter accusing registered representative Morton Bruce Erenstein of misrepresenting investments, recommending unsuitable transactions and converting $10,000 of the customer's investment funds...
Not The Glengarry Leads: In December, the SEC charged former San Francisco-based stockbroker Sidney Mondschein with securities fraud and regulatory violations. Mondschein was allegedly selling his clients' personal information many of them elderly...
If you thought compliance and regulatory scrutiny couldn't get any more intense, welcome to 2008. Consumer protection is expected to be the driving force behind new regulations and enforcement actions in the financial-services industry this year...
All the major firms are doing it. If you think there are better investment options for your clients, tell management in writing (and keep copies). You will be better protected in the event your firm tries to terminate you. Q: I work for a major...
The punches keep on coming for some of Wall Street’s biggest firms. A handful of firms were sent subpoenas late this summer courtesy of New York State Attorney General Andrew Cuomo
Frank Bluestein is reportedly under investigation, and is no longer registered with FINRA, but media reports suggest he continues to hawk investment advice under a new name.
Internet Securities Bust: Gerald Milligan and Andrew Mariani, of Wellington, Fla., were jointly charged by the FBI, a Florida district attorney and others, with conspiracy to commit wire fraud. Milligan ran an investment website through a company...
