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 training released by the SEC, FINRA and NASAA is intended to help firms and financial services professionals comply with the 2018 Senior Safe Act, and lists a number of 'red flags' that should raise advisors' and brokers’ suspicions.
According to the commission, Intervest International failed to disclose that more affordable, but otherwise identical, fund alternatives to one advisor's recommendations were available for clients.
The Justice Department accused Paul R. McGonigle of defrauding several investors by making withdrawals from their annuities without their approval or knowledge.
Gary Gensler said on Wednesday that he asked the agency’s staff to examine issues related to stock trading including so-called best execution requirements.
Centaurus Financial did not self-report 12b-1 fees charged to clients during an earlier amnesty period, prompting the SEC to levy the fine over conflicts and undisclosed revenue-sharing agreements.
