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 Department of Labor’s proposed fiduciary rule could cost firms almost $5 billion to implement and an additional $1.1 billion in annual expenses, according to a new analysis by an industry trade group. ...
Brokers aren’t the only ones who should be concerned about the Department of Labor’s fiduciary proposal, according to a brokerage industry trade group. The Financial Services Institute reiterated Tuesday that imposing a fiduciary...
President Barack Obama wants to make it easier for Americans to save for retirement, announcing an expansion of state retirement plans and reiterating his mission to crack down on brokers’ conflicts of interest in the retirement advice...
Washington (Reuters) - A Brooklyn, New York man, who passed stock trading tips on napkins and Post-it notes at meetings in Grand Central Terminal before swallowing the evidence, has reached a civil settlement with the U.S. Securities and...
With advisors actively mobilized against the Department of Labor’s fiduciary proposal, the Financial Services Institute is now turning its sights to investors with a new initiative that gives consumers a chance to weigh in...
William Galvin, secretary of the Commonwealth of Massachusetts, sued Securities America on Wednesday, claiming the firm failed to adequately supervise an advisor who used misleading advertising while prospecting elderly clients...
Three years ago, state examiners supplanted the SEC as overseers for thousands of mid-level RIAs, prompting dire warnings of death by inept bureaucracy. What actually happened? These advisors lived to tell the tale.
Three owners of brokerages are campaigning to be elected to the Financial Industry Regulatory Authority’s board of governors, the group that oversees Wall Street's regulator, with a similar messages: Stop antagonizing smaller firms...
Investment advisory firms say cybersecurity is the hottest compliance topic, and yet, the number of firms falling victim to attacks is on the rise.
Approximately 15 percent of RIAs surveyed in the 2015 Investment Management Compliance Testing ...
