Regulation & Compliance

Matthew Clason had previously worked with LPL and Lincoln Financial Advisors before being accused by both the DOJ and SEC of stealing from a 73-year-old Connecticut investor over several years.

Dynasty will deploy The SmartRIA Pro platform across its network firms, while MarketCounsel will use a customized edition of the platform with its RIA clients.

Collaboration between compliance and operations is key.

SEC Chair Gary Gensler said that even though non-U.S. regulators have approved a spot ETF, the SEC’s decision wouldn’t be influenced by that. 

The Justice Department and SEC both say Ronald T. Molo used the money from the scheme to pay off a mortgage and buy cars.

Christopher Andreach, who managed about $500 million in assets, rejoined his former firm in its Florham Park, N.J., office after spending only a few months at UBS Financial Services.

The retention period that the IRS will hold on to estate tax and related gift returns will be reduced from 75 to 40 years.

The changes include allowing individuals to retain their qualifications for up to five years provided they keep up with continuing education mandates. FINRA believes the changes will help people more easily return to the industry after extended...

The number of standalone enforcement actions climbed year-to-year from 2020, while whistleblower awards passed $1 billion since issuing its first award nearly a decade ago.

The two states become the 17th and 18th to adopt rules regarding annuity sales and recommendations based on the National Association of Insurance Commissioners’ model rule, following Connecticut, Virginia, Iowa and others.