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 New York Attorney General’s office today charged Bank of America CEO Ken Lewis with fraud for failing to disclose material details about Merrill Lynch in its merger with the brokerage. The move takes the case one step further than the...
Will the regulatory push for a uniform fiduciary standard die on the vine? Brokers may not be best equipped to predict regulatory outcomes, but most of them do not expect such a standard to be implemented, according to survey results released...
How will new financial regulations wending their way through Congress affect individual retail financial advisors and broker/dealers, independent or otherwise?
Thanks to Chairwoman Mary Schapiro, if your clients' money market funds are threatening to break the buck, the board of the fund may elect to suspend redemptions.
On Monday, Citigroup filed a motion to dismiss a class action lawsuit filed against the firm over the terms of its financial advisor bonus pay agreements. The firm filed the motion with the U.S. District Court for the Southern District of New York.
In 2009, asset protection specialists watched a major Internal Revenue Service drive to flush out secret foreign bank accounts while a financial crisis brought to light mammoth Ponzi schemes and took down publicly traded companies. But we saw few...
The IRS' success against UBS AG seems to be the famed butterfly in the rainforest that causes gigantic ripples across the world. The campaign against secret funds in Switzerland led the news. But several unrelated efforts in 2009 shared a common...