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.
Harry Markopolos, the famously ignored Madoff whistleblower whose well-informed and detailed warnings about Bernard Madoff were disregarded for years by regulators, testified before House Financial Services Committee today that the SEC is “...
During the course of an estate's administration, a personal representative performs four basic functions: (1) marshals assets; (2) determines and raises cash needs; (3) pays reasonable funeral expenses, debts, administration expenses and taxes...
Bernard Madoff’s astonishing fraud has accelerated calls for regulatory overhaul that had already begun with the credit crisis. then again, the regulatory system was antiquated. The real problem for retail financial advisors: Your clients no...
Ponzi, Ponzi Everywhere: The SEC either has a coincidental backlog of Ponzi scheme cases closing in the wake of Bernard Madoff, or the agency has put a premium on busting Madoff wannabes as quickly as possible. Since Madoff's arrest in December...
Byron S. Rainner, a former registered representative for MetLife Financial Services, pleaded guilty in Georgia federal court to one count of wire fraud involving a scheme that targeted the Sheriff's Office of Fulton County, Georgia (clearly, not...
If President Obama is truly a new kind of FDR arriving on the scene to the American economy from itself then he would be wise to read Amity Shlaes new-ish history of the Great Depression, The Forgotten Man (HarperCollins, 2007). In the book a...
Mary L. Schapiro heads to Capitol Hill tomorrow morning for the hearing on her Senate confirmation as President-elect Barack Obama's nominee to chair the U.S. Securities and Exchange Commission.
