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.
Are closed-end fund preferred-auction securities safe? We consider CFPs to be the conservative's conservative security. Defaults are even rarer than failed auctions. We are comfortable with the safety of auction securities from closed-end funds...
RegentAtlantic Capital was ahead of the game. In 1996, the fee-only RIA in Chatham, N.J., went paperless a move that put it a decade ahead of its peers. RegentAtlantic manages $1.8 billion in assets for about 900 clients, and when the firm moved...
Drinking and driving is a very bad idea for a lot of reasons. But did you know how bad it can be for your job? If you have between two and five prior DUI misdemeanor convictions within three to twelve years, thirty-seven states will charge the...
Seminar Scammers Busted The SEC has filed civil fraud charges against Linda Woolf and David Gengler, promoters of Teach Me to Trade (TMTT) classes, mentoring and computer software programs. In infomercials, and a handful of free seminars held in...
Raising five kids in any U.S. metro area means big bucks if you want the best in education a challenge well known to one affluent family who faced a total bill of about $2 million spread around among private schools, private colleges, books...
Consider the Curious and Rather Grotesque Case of Gary J. Gross, a financial advisor from (where else?) Boca Raton, Fla. Gross' U4 is close to 100 pages long, and lists 35 customer complaints (33 of them settled) amassed at several firms over the...
Playing hopscotch from one firm to another, without losing all of your clients, may soon get a little easier. That is, if the SEC's proposed amendment to privacy policy rules, also known as Regulation S-P, is approved. The SEC made the proposal on...
Just over a year ago, fee-based brokerage accounts got the ax when the Financial Planning Association (FPA) successfully sued the SEC to overturn the Merrill rule. As of October 1, 2007 non-advisory managed-account programs could no longer charge...
If you are a retail financial advisor at UBS and have client assets stuck in the auction-rate securities market, your new ad slogan might be: “UBS, You Are Pissed At Us.” That’s because the Wall Street Journal’s website is...