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 Securities and Exchange Commission on Jan. 24 approved a new code of procedures that govern arbitrations at the NASD Dispute Resolution. The changes were a long time coming: Some of them have been sitting at the SEC since 2003.
Sarah Teslik, CEO of the Certified Financial Planner Board, which monitors and supports the widely used CFP designation, announced in mid-October that she would resign from her post on Oct. 31 to take a position at Apache Corporation, an energy...
Less than 10 years after they settled the infamous boom-boom room case, Smith Barney is being sued for discrimination again. The new case, Fassbender Amochaev v. Citigroup Global Markets, Inc., d/b/a Smith Barney, was filed in United States...
SEC Busts Another Ponzi: The SEC filed securities fraud charges against Salvatore Favata, the former president of National Consumer Mortgage (NCM), a California company that held itself out as a residential mortgage broker. The complaint alleges...
Some advisors have long ignored parts of ERISA when consulting participants of 401(k) plans. Now they don't have to. Still, the Street is confused over what the new pension laws really mean when it comes to reirement advice