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.
Sen. Elizabeth Warren and Rep. Katie Porter are pressing the regulator after a Georgia judge called the fairness of its arbitration process into question.
A panel asserted that Alpine Securities had misused customer funds and securities, made unauthorized trades and charged customers unreasonable fees, while the firm argued it needed to raise fees to offset lower profits.
The commission argued Pennsylvania-based Ambassador Advisors breached its fiduciary duty by investing client funds in mutual fund share classes with 12b-1 fees when more affordable options were available.
For the first time ever, the agency plans to require businesses to outline the risks a warming planet poses to their operations when they file registration statements, annual reports or other documents.
The Massachusetts secretary of the commonwealth is asking TD Ameritrade, Merrill Lynch, LPL Financial, Ameriprise, Securities America and SoFi if they will raise rates in response to the Federal Reserve’s hike.
In a letter to the Labor Department, groups ranging from the Consumer Federation of America to the AFL-CIO urged the DOL to strengthen the fiduciary protections for retirement investors that went into effect in February 2021.
