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.
There are six Priority Intersections identified in both Priority Letters this year. These are the topics that senior management and compliance officers should focus on.
The Department of Labor’s fiduciary rule could create a wave of so-called “orphan accounts” at independent broker/dealers, IBD executives said during the Financial Services Institute's OneVoice conference Tuesday. ...
The Financial Industry Regulatory Authority cracked down on a number of issues in 2015, although perhaps the most common (and costly) for many broker/dealers was mutual fund overcharges. Overall, the 15 biggest sanctions the regulator doled out...
We know it’s coming, but we’re not sure when or how bad it will be. That’s how a lot of advisors currently feel about the Department of Labor’s pending fiduciary proposal for retirement accounts. Regardless of whether or...
This year the Securities and Exchange Commission will be looking more closely at exchange traded funds and variable annuities, new areas of focus for the agency from last year...
The Financial Industry Regulatory Authority plans to look closely at broker/dealers’ culture this year, the regulator said in its annual enforcement and priorities letter released this week, a move that follows other regulators scrutinizing...
Cyber criminals are paying a pittance for passwords, according to MarketWatch. Citing a recently released study by Trend Micro, MarketWatch reports that passwords for entertainment accounts with NetFlix, Hulu and Spotify go for as little as $...
The Financial Industry Regulatory Authority’s Securities Helpline for Seniors has responded to over 2,500 calls and helped recover nearly $750,000 from investors since the service launched in April...
Famed E.T. screenwriter Melissa Mathison passed away in November and nobody can find her will. TMZ obtained court documents, which reveal that Mathison’s business manager both confirms the existence of a will and the inability to actually loc...