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 Internal Revenue Service's recent efforts to enforce the reporting of foreign bank accounts has created a lot of confusion for many people. This is particularly true for beneficiaries of trusts, as well as for holders of interests in foreign...
The events of the past year make it clear that the U.S. government has launched an unprecedented assault on taxpayers who hide their assets in offshore bank accounts. In addition to bringing numerous criminal cases, the government has accepted...
When it comes to the tax cost of a lifetime gift of property, estate planners often focus on the gift taxable value of the transferred asset and, to that end, on the asset's form. In the international context, the focus on form can be even more...
Another month has come and that means another round of Financial Industry Regulatory Authority (FINRA) disciplinary cases. Since it is less painful to learn from the mistakes of others than from your own, I urge you to read the following cases.
With the Madoff and Stanford scandals still relatively fresh in investor memories, a handful of companies offering free background checks and rating services.
The National Association of Independent Broker/Dealers (NAIBD) is working to prevent proposed legislation in Congress from increasing the auditing costs of small independent broker/dealers. These could rise to $100,000, the group says, and might...
If anyone was hoping to catch a break on the regulatory front now that the market environment has eased, they’re in for a surprise. Speaking at this morning in New York at SIFMA’s annual meeting, Securities and Exchange Commission...
The Financial Services Institute, a trade group for small independent b/ds, attacked current government proposals to make the fiduciary standard of care a universal one for all financial advisors—not just RIA investment advisors, but b/d...
