LPL to Pay $12M FINRA Fine for Failing to Supervise Sales
FINRA censured and fined LPL for broad supervisory failures involving sales of nontraditional ETFs, VA contracts and nontraded REITs.
Former Senator Calls on Congress to Investigate ‘Flash Crash’
Former Sen. Ted Kaufman, D-Del., and Dennis Kelleher, CEO of Better Markets, are urging Congress to create an independent commission to investigate the 2010 crash.
SEC Chief: Advisor Exam Crunch Is a ‘Serious’ Investor Protection Issue
SEC chief White tells senators the current 10% advisor exam rate is cause for "great concern" and discusses fiduciary rules.
Tom Bradley: Advisor Evangelist—The 2015 IA 35 for 35
Ask Bradley to look back at pivotal moments that shaped the advisory business and he recalls May Day 1975, the day the SEC deregulated commissions.
Experts Take Aim at DOL Fiduciary Redraft
One ERISA lawyer perhaps said it best after digesting the DOL's 700-page fiduciary redraft: “There is so much to say. I don't know where to begin.”
FINRA’s Ketchum Criticizes DOL Fiduciary Plan
FINRA CEO says DOL's safe harbor descriptions are "narrow" for BDs and that the CARDS plan is on hold until security concerns are addressed.
SEC Urged to Beef Up FINRA Oversight: GAO
SEC is falling short on supervision of the self-regulator in three areas, GAO says.
Blowing the Whistle? SEC Has Your Back, Chief White Says
"We have seen enough to know that whistleblowers increase our efficiency and conserve our scarce resources," SEC Chief White said.
SEC Announces Compliance Outreach Seminars
The seminars will cover hot-button issues like cybersecurity, retirement planning and dual registrants.
Senate Finance Passes 529 Reform Bill
The bipartisan bill modernizes the treatment of 529 plans in three ways.