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.
The third-annual report from the regulatory agency cited common violations at FINRA firms, as well as typical tendencies that could potentially escalate into violations.
A new report by the arbitration attorneys’ group points to continued abuses of FINRA’s expungement process; the group calls for an independent investigation into the latest issues.
Less than a year after Foreside acquired NCS Regulatory Compliance, the firm is buying another compliance consulting firm, Compliance Advisory Services.
Allegedly, James Heafner of Taylor Capital Management invested funds from five retirees with a company charged by the SEC with defrauding thousands of investors.
The regulatory agency also announced a conference detailing how brokers, firms, leaders and regulators should prepare for the implementation of the SEC's rule next year.
The Greater Boston Chamber of Commerce is sending an email to members today to stir opposition to Massachusetts Secretary of the Commonwealth William Galvin's proposed fiduciary rule, according to the Boston Globe.
The settlement offer between the commission and Founders Financial Securities comes a day after 16 firms were ordered to pay restitution to clients for similar faults.