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 regulator says Cambridge Capital Group Advisors defrauded 20 investors, most of whom were retired NFL players who claimed brain injuries from concussions suffered while playing professional football.
A Mercatus working paper supports the need for title reform, but it argues that regulators should take a different tack to prevent professionals from making up new titles.
Now that legal scholars have picked over the SEC’s Reg BI rule, they say changes from earlier drafts significantly weaken standards governing investment advisors and lower protections for RIA clients.
Independent b/ds are on the hook for their reps’ behavior, even those thousands of miles away. A new compliance consultancy wants to help firms close that gap.
