CFP Board Sanctions 2 More CFPs Over ‘Fee-Only’ Comp Status
CFP Board has issued public disciplinary actions against two CFPs for misrepresenting their compensation method as "fee-only."
SEC, FINRA Enforcement: Philly Firm to Pay $21M for CDO Fraud
Meanwhile, FINRA fined a Georgia firm for failing to notice that one of its brokers was receiving wire transfers from a dead client.
When a Crash Comes, Will Robos’ Clients Run?
The market will have to suffer a "bigger dip" than it felt last week to scare investors away, David Lyon of Oranj said.
DOL Advances State-Based Retirement Plan Rule
DOL has filed with OMB its proposed rule designed to make it easier for states to offer retirement plans without running afoul of ERISA.
Credit Unions Beat Banks in Financial Advisor Revenue
The average credit union FA is now generating more revenue than the average advisor in a large bank that owns its broker-dealer.
5 New Compliance Headaches for Advisors, BDs
As Labor Day approaches, here are five big compliance developments advisors may have missed in recent months.
Shiller Ditches U.S. Stocks, Says It’s a ‘Dangerous Time’
The Nobel Prize-winning Yale professor’s CAPE ratio is signaling a warning for stocks, he said on CNBC.
SS&C Divides Advent Business, Taps Leaders for 2 Units
Wealth management, including the Black Diamond platform, will be run separately from asset management.
BofA Investors Urged to Reject Moynihan’s Chairman Position
The push comes after the recent departure of Bank of America's CFO.
Top Portfolio Products: DoubleLine Adds Strategic Commodity Fund
EGA rolls out an emerging markets ETF, and Aberdeen wraps up purchase of FLAG Capital.