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.
Should Wall Street's wirehouse foursome be getting ready for another round of broker-driven class action lawsuits? According to Mark Thierman, yes, they should. Thierman, who led and settled a series of broker overtime suits against the major...
Brokers Facing Life in Jail: Eric Butler, a 37-year old former Credit Suisse broker, was convicted in August of fraudulently selling hundreds of millions of dollars in subprime securities to corporate clients in order to generate excess...
An Ohio based financial advisor is asking Smith Barney to forget about that loan he owes them which stems from a sign-on bonus. In fact, he alleges, the original contract he signed with his old firm is unenforceable and void.
Congress is considering legislation that would require broker/dealer reps to adhere to the fiduciary standard. That could mean major changes in all areas of operation for firms and advisors
New York Attorney General Andrew Cuomo released a report today on the compensation practices of the banking industry. The title says it all: “No Rhyme or Reason: The ‘Heads I Win, Tails You Lose’ Bank Bonus Culture.”
The SEC’s Investor Advisory Committee, which was formed to give investors a greater voice in the SEC, has “agreed upon an ambitious and wide-ranging agenda.” Or so says a press release issued by the SEC today. For more, please go...
