Summer Tax Scams in Full Swing, IRS Warns
Tax pros are also being warned of phishing emails seeking extensive amounts of sensitive preparer data.
Advisor Gets 2 Years in Prison for Cherry-Picking Scheme
SEC 10b-5 charges to allow for criminal prosecution appear to have influenced the decision.
NASAA Mulls Model Cybersecurity Rule for Investment Advisors
NASAA is also developing cyber guidance and a checklist for small advisory firms to assess their cyber preparedness.
SEC to Help Investors With Background Checks; Clayton Eying Choice Act Progress
A Choice Act provision giving new rights to defendants in SEC actions is expected to be popular.
Wall Street’s Trade Group Chides FINRA for Regulation by Enforcement
SIFMA also criticizes FINRA for not gathering enough cost-benefit data, "resulting in unworkable or unnecessarily costly rules."
3 Reasons DOL Fiduciary Rule Will Stay Intact: ERISA Attorney Wagner
Marcia Wagner says the administration’s focus on the fiduciary rule shows how “important the private pension system is to our safety net of this country.”
CFP Board Seeks to Impose 'Strengthened' Fiduciary Standard on All Advice
Proposal out for a 60-day comment period; Kitces wonders if board is prepared to enforce and discipline those not in compliance.
Senate Finance’s Hatch Seeks Public Input on Tax Reform
Senate Finance Committee Chair Orrin Hatch is seeking public input on how Congress should improve the tax code.
For SEC Fiduciary Rule, Regulate Titles First: CFA Institute Comments
Comments are trickling into the SEC, with CFA Institute saying that the issue of titles needs to be addressed so rules can be clarified.
BDs Step Up Fight Against Elder Financial Fraud
Broker-dealers reported nearly 2,300 cases of fraud or exploitation to authorities in 2015, NASAA study finds.