An investigation of 110 investment firms was made public today at a Senior Summit held by the Securities and Exchange Commission (SEC). The SEC and the Financial Industry Regulation Authority (FINRA) conducted a year-long examination (April 2006...
In the wake of the D.C. Court of Appeals ruling on March 30 that killed the broker/dealer exemption and fee-based brokerage accounts, the Financial Planning Association is making an effort to help brokerage firms and their advisors comply, said...
Emails from generous Nigerian nobility seeking to share their enormous wealth with any and all Americans are regulars in most email inboxes. But from money managers?
Protecting elderly investors is high on the priority list of the SEC, judging from speeches and notices to members. And it made it clear today firms that tolerate brokers who exploit elderly clients will pay.
Most investment advisors face SEC audits and examinations with dread. After all, the SEC has beefed up its registered investment advisor (RIA) exams in the past year or so, increased its inspection budget and is working towards increasing the...
In August, after 17 years with the firm, Ellyn McColgan stepped down as president of Fidelity Investments distribution and operations, which includes Fidelity Registered Investment Advisor Group (FRIAG), the RIA custodian arm of the mutual fund...
When Holly Hunter decided to leave the wirehouse she'd been with for five years, she knew the going would be tough. But she had no idea exactly how tough. Just planning her escape everything from choosing a broker/dealer to creating a budget took...
For decades, investors and academics alike have sought the magic bullet, the one data point that would predict the future performance of mutual funds. Hundreds of studies looked at a variety of variables including past performance, expense ratio...
