FINRA Issues Q&A on Recruiting Practices
Q&A guidance covers such areas as the format of the educational communication, “individualized contact,” delivery requirements and who qualifies as a former customer.
The Future of Robo-Advice
As broker-dealers and asset managers adopt robo technology, pure-play robo-advisors will morph into offerings that also offer a human touch.
Back-to-School Tax Scams on the Rise: IRS
IRS is warning of telephone scammers targeting students and parents demanding payments for non-existent taxes, such as the “Federal Student Tax.”
DOL Fiduciary Rule Hits BDs’ IT Budgets, Product Lines
“Broker-dealers have to make a lot of very difficult, and in some cases expensive, decisions,” ERISA lawyer Fred Reish says.
Senators to Push Bill to Force Trump to Release Tax Returns
The Presidential Tax Transparency Act would require presidential candidates to release their tax returns within 15 days of being nominated.
Federal Court Broadens Investment Advisor Definition
A state-registered advisor selling unregistered securities was acting as an investment advisor because he took "compensation" by stealing client money, an appeals court ruled.
FPA Hires Colacci as Public Policy Counsel
Josephine Colacci will help push for an SEC fiduciary rule and other Financial Planning Coalition policy efforts.
CFP Board to Make Advisor Arbitration Results Public
All CFP Board arbitration results will be made public, with advisors' names removed in most cases, starting Sept. 12.
Using Roth 401(k)s to ‘Supersize’ Retirement Savings: Ed Slott
Younger workers are increasingly attracted to Roth IRAs, but Roth 401(k)s allow them to save even more, IRA expert Ed Slott says.
SEC Charges Ex-NFL Player With Defrauding Former Coaches, Elderly
The player cheated seniors and coaches, donors, alumni and employees of schools out of $10 million, the SEC said.