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 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...
Famed “affluenza teen” Ethan Couch and his mother Tonya were detained by authorities in Mexico on Tuesday after the two fled the country in the wake of a surfaced video depicting an apparent probation violation by the young man, according to ...
Michael Kane, the co-founder and “master sensei” of digital investing firm Hedgeable, thinks 2016 will be the year that the robo advisor term is finally retired. “As platforms become more robust and the product set more diversified, pigeonhol...
Don't piss off millennials. | Nastco/iStock/Thinkstock
A 24-year-old client with $3,000 in an IRA account recently wrote in to Slate, “My financial advisor is a total sketchball!! What do I do?” After not hearing from the advisor for a mon...
