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.
Don't call Mark Beloyan a penny stock tout. Sure, Beloyan speculates in low-priced securities. And, yes, his book is built around trading and finding retail investors who want to make a bet on the shares of companies that are more or less still in...
The Securities Exchange Commission (SEC) charged 38 defendants of stealing more than $12 million in stock loan kickbacks from their Wall Street employers. Basically stock loan traders at Morgan Stanley, A.G. Edwards, Nomura Securities and...
The SEC has thrown a bone to the large brokerage firms. After taking away fee-based brokerage accounts in March, the Commission has eased the requirements of principal trading rules.
A report from the Government Accountability Office (GAO) released on Monday says the enforcement division of the SEC needs to improve the way it handles investigations.
NEXT Financial Group is in the hot seat again. The Securities Exchange Commission issued an Order Instituting Cease-and-Desist Proceedings against the independent broker/dealer late last month.
Protecting elderly investors is high on the priority list of the SEC, judging from speeches and notices to members. And it made it clear today firms that tolerate brokers who exploit elderly clients will pay.
The fund industry doesn't have a pricing crisis yet. But if it doesn't take some action, it will. Over the past several years, individual firms have taken a few stabs at creating more consumer-friendly pricing slashing 12b-1 fees on certain shares...
Brookstreet reps that had to flee their firm as it collapsed under the weight of millions of dollars in margin calls are still wondering when or if they'll see their last paycheck. Oh, and then there's the matter of that unpaid hotel bill...
Most of the time when you acquire or buy a business, you place your bets and take your chances (caveat emptor, as they say). But that's not the way it works on Wall Street. If you're not careful about what you buy, you could wind up with the...
Broker/Dealer management loves separately managed accounts. Individual financial advisors love separately managed accounts. By using outside asset managers to pick stocks, the theory goes, b/ds and their reps are able to concentrate on gathering...
