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.
FINRA President Robert Cook reiterated the need for exams to remain remote into 2022, and said the rule may need to take a more risk-based approach going forward, he said, at SIFMA's Compliance & Legal Forum.
Schwab continued to pay out advisory fees to a former custody client now under state investigation, despite the fact he was no longer registered as an advisor.
SIFMA’s Compliance and Legal Forum speakers said there were pathways for professional development that don't occur in the remote restrictions of a Zoom meeting.
Hybrid b/d and RIA Cascade Investment Group recommended high-fee mutual fund share classes when cheaper options were available and failed to disclose the fact, the SEC claims.
The settled charges come after a pair of investigations by the New York state attorney general and the SEC, who both argued TIAA-CREF pushed investors into managed accounts with higher fees.