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 danger of self-directed IRA scams heightened during the pandemic, as many investors were at home and online but isolated from in-person interaction, NASAA says.
The Public Investors Advocate Bar Association (PIABA) found that 24% of money awarded last year went unpaid; the group argues the problem of unpaid arbitration awards could get even worse in a down market.
The U.S. Chamber of Commerce, SIFMA and other trade groups argue that the temporary enforcement guidance scheduled to end Dec. 20 should be extended for six to 12 months.
Daryl Bank was convicted for his role in a scheme that defrauded more than $25 million from over 300 victims, many of whom were elderly, according to the DOJ.