? On March 2 Raymond James Financial named Paul Reilly as president effective May 1, and announced that a year after that date Reilly will replace current Chairman and CEO Tom James as CEO of RJF. After that date, Tom James will continue to work full time for the firm founded by his father as executive chairman. Reilly is currently the executive chairman of Korn/Ferry International, the executive search firm, and is a former CEO of KPMG International. He will continue to serve on the Raymond James board over the next year ? Spectrem Group announced March 17 that financial services veteran Mitch Politzer will join the consulting and research firm as managing director and president of Spectrem Consulting on April 7. Most recently, Politzer was president and CEO of First Ameritas Life Insurance Corp. of New York, and CEO of Ameritas Direct ? The SEC announced February 19 that Robert Khuzami has succeeded Linda Chatman Thomsen as the Commission's director of the Division of Enforcement. Khuzami previously was a federal prosecutor with the U.S. Attorney's office for the Southern District of New York, where he headed the Securities and Commodities Fraud Task Force for three years. Thomsen resigned under fire earlier in February after the scope of the Bernard Madoff scandal, and the SEC's failure to detect and stop that scandal, became public ? On February 24, the board of FINRA announced it had hired Richard (Rick) Ketchum as its CEO, replacing Mary Schapiro, whom the Obama Administration earlier appointed as SEC chairman. Ketchum, who assumed his new position on March 16, has been serving as CEO of New York Stock Exchange Regulation, and has been chairman of FINRA's board since 2007, a position he will continue to fill.
Access complimentary resources from Cambridge Investments to help navigate the fiduciary rule changes.
If you’re thinking of changing broker-dealers, you owe it to yourself to read this article that covers all major aspects of the transition process.
This White Paper outlines the immediate actions firms can take to correct outdated and costly supervision procedures.
Sep 27, 2016
Some broker-dealers have already decided to exit certain lines of business and are sizing up how the rule will impact their IT and compliance budgets....
Sep 20, 2016
This webcast will review the key aspects of the amendments and the steps that funds and intermediaries can take in order to comply with the...
Sep 13, 2016
Nationwide is providing a deeper look into the rule’s implications and a discussion of decisions firms will need to make in order to comply.