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 SEC and Massachusetts collaborated on the investigation, which found the co-principals of Strategic Planning Group failed to disclose conflicts of interest.
House representatives push back on the new rule package, as well as the recovery efforts related to the Stanford Ponzi scheme, which has returned just 4.5 cents on the dollar to victims.
Virginia's State Corporation Commission's ban on advisors using mandatory arbitration clauses in advisory contracts went into effect this week, but the rule is likely unenforceable.
The regulator alleges that the firm improperly charged advisory fees on retail accounts that had been inactive at least a year and charged excess commissions on brokerage client investments in unit investment trusts.
