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 global wealth management business has climbed to record highs, but pricing continues to be an Achilles ’ heel for the industry, according to a widely anticipated new study from The Boston Consulting Group released yesterday (Tuesday, May...
Suppose that an unhappy investor didn't specifically name you in a lawsuit or arbitration when he complained about your investing advice. You'd think that would get you off the regulatory disclosure hook, right? Think again...
The Financial Industry Regulatory Authority and the Securities and Exchange Commission are stepping up their scrutiny of the accounting and audit process of broker/dealers, reviewing financials more closely and requesting data on a more frequent...
New SEC rules that require federally-registered advisors to disclose their disciplinary histories in brochures and provide them to clients will get under way in earnest by the end of the summer. The initiative, aimed at improving transparency for...
In a revolutionary step forward, Raymond James Financial and Commonwealth Financial are putting the “social” back into social media—they will begin allowing their advisors to interact with and engage in conversations with others...
After months at the negotiating table with clients who filed arbitration and class action claims against the firm, Securities America is one step closer to getting the OK on a $150 million settlement. Friday, Judge W. Royal Furgeson Jr. of U.S...
The Certified Financial Planner Board of Standards is coming to a cable TV channel, magazine, and website near you. The board last month launched the first wave in a four-year marketing campaign to promote the CFP brand to the public, at a cost of...
Inside Dope: A group of health-care-related hedge funds affiliated with FrontPoint Partners LLC agreed to pay $33 million to settle Securities and Exchange Commission charges that their former portfolio manager improperly traded on inside...
Ameriprise Financial (NYSE: AMP) plans to sell its independent broker/dealer unit Securities America, according to the company’s first quarter earnings report released today. Meanwhile, the firm is still in the process of finalizing a...
In his new book, David Skeel argues that Dodd-Frank financial reform legislation fails to limit financial risk or prevent another too-big-to-fail crisis. Worse, it institutionalizes bailouts and leaves American finance less stable and more...
