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 firm argues David Anderson already attracted 15 former client households with about $24 million in business after moving to Stifel, according to a federal lawsuit.
President and CEO Wayne Chopus sent letters to U.S. Senate and House leaders urging them to approve FY 2023 money for the SEC to make new hires in its Enforcement and Examination divisions.
The SEC charged Dean McDermott and his firm, McDermott Investment Advisors, for investing clients’ funds in unit investment trusts with extra charges when more affordable options were available.
SEC Commissioner Caroline Crenshaw said single-stock ETFs posed 'another, perhaps greater, risk' for investors than leveraged and inverse ETFs, and believed it would be hard for advisors to recommend such products while meeting their Reg BI...
Responding to an investigation by Massachusetts regulators, Vanguard will pay $5.5 million to smaller investors in that state hit with outsized capital gains taxes in the retirement-focused funds.