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.
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.
The SEC mandated that 16 firms recoup investors after they failed to disclose issues with investments in higher-cost class share mutual funds, and penalized one additional firm further for failing to self-report.
