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 Treasury Department announced last Wednesday it will offer help—in the form of TARP money—to the struggling life insurance sector. The news sent life insurance stocks soaring on Thursday, and they continued to rise on Monday. The...
Shorts are, once again, in the sights of regulators, as they seek remedies—or, some would say, scapegoats—for recent market pain. The Securities Exchange Commission announced today that it is considering restricting short selling—...
The United States’ ongoing hunt for tax cheats will be putting a crimp in some clients’ quarterly portfolio reviews. UBS financial advisors who have clients outside of the country where they do business have been instructed to stay put...
If there is any upside to the market meltdown of the past seven months, it might be that so many fraudsters operating Ponzi schemes have been dragged into the light. There seems to be a new Ponzi crackdown every few weeks. On Wednesday, April 1...
As estate-planning attorneys, we often find ourselves forced to act as family counselors for our clients despite our lack of formal training for this role
Any professional who serves high-net-worth clients eventually comes face to face with a Mexican fideicomiso (pronounced fee-day-kah-mee-so) and has to decide how to advise the client on how the fideicomiso should be taxed and reported under U.S...
Some brokerage and RIA firms are on the hook, literally, for their advisors' telephone conversations in particular those with a certain number of reps who've previously worked at firms
Proposed legislation aimed at restricting the use of independent contractors for labor and tax purposes is back on the federal to do list. Independent broker/dealer executives are worried the legislation could put them out of business
Decoy Client Sometimes a fake client is an advisor's best friend, unless, that is, the advisor gets caught. On March 9, 2009, the SEC charged Leila Jenkins and her firm, Locke Capital Management Inc., with inventing a client with a massive and...
In an effort to catch future Madoffs before they strike, the SEC would like to ask your clients a few questions. Over-the-top government meddling or simply a good idea?
