SEC to Release Third-Party Advisor Exam Rule in Spring: TDAI’s Schweiss
Writing a fiduciary rule that still allows proprietary product sales is an "impossible task" for the SEC, says TDAI's Skip Schweiss.
Senator Enters Race to Kill DOL Fiduciary Rule
Sen. Roy Blunt's bill is companion legislation to Rep. Ann Wagner's bill, the Retail Investor Protection Act, which passed the House in October.
What’s Top of Mind for Advisors Now? Technology, Recruiting Women
Female clients are not a "legitimate segment" to pursue, Ric Edelman said on a panel, but "women as advisors have been ignored" and "tend to be the best" advisors.
TDAI to Acquire Big Data Research Firm FA Insight
Advisors will be able to see “how they stack up” with peers and use those insights to “make better business decisions,” said TDAI’s Tom Nally.
SEC Said to Be Shifting Examiners to RIAs; Jarcho Named Deputy Director of SEC Exams
Industry officials expect the SEC to announce soon that it will shift more examiners to advisors from BDs.
SEC Fines 14 Firms for Muni Bond Violations
Barclays, Janney Montgomery and Wells Fargo are among the firms fined.
Bills to Replace DOL Fiduciary Rule Pass House Panel
Both bills "codify loopholes … that make it all too easy" for advisors to avoid their best interest obligations, says consumer advocate Barbara Roper.
NASAA Adopts Model Rule to Fight Senior Financial Abuse
The model rule, should states choose to adopt it, would allow BDs or advisors to delay disbursements when they suspect financial exploitation.
Barclays, Credit Suisse Fined $154M Over Dark Pool Violations
The SEC and the New York Attorney General slammed the firms for making misrepresentations about their trading venues to investors.
FINRA, SEC to Get New Execs in 2016
New faces will be showing up this year at FINRA and the SEC.