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.
New federal bill recently introduced by U.S. Rep. Alexandria Ocasio-Cortez proposes to have family offices register with the regulator and begin reporting.
Some observers argue the CFP Board’s proposed changes go too far and that its resources could be better used elsewhere—others say the revisions don’t go far enough.
Former New Jersey State Attorney General Gurbir S. Grewal proposed a uniform fiduciary standard for that state, indicating a possible 'expansive' interpretation of Reg BI in his new role.
The settled charges against 21 investment advisory firms and six broker/dealers asserted that none had filed or posted their forms until receiving numerous reminders from regulators.
FINRA President Robert Cook reiterated the need for exams to remain remote into 2022, and said the rule may need to take a more risk-based approach going forward, he said, at SIFMA's Compliance & Legal Forum.
Schwab continued to pay out advisory fees to a former custody client now under state investigation, despite the fact he was no longer registered as an advisor.
SIFMA’s Compliance and Legal Forum speakers said there were pathways for professional development that don't occur in the remote restrictions of a Zoom meeting.
