Accredited Investor Is an ‘Artificial Distinction’: SEC Acting Chair
At SEC Speaks, acting Chairman Michael Piwowar also zeroed in on how the Dodd-Frank Act burdens the "forgotten investor."
SEC Charges Advisor With Stealing $900K From a Client: Enforcement
In other enforcement news, a forex trader is accused of bilking clients and spending some of their cash at McDonald's, Victoria's Secret and Gymboree.
Wealth Managers Lag in Strengthening Digital Capabilities: PwC
“This industry is not thinking as agilely around technology and disruption as it should,” PwC says.
SEC Issues Guidance for Robo-Advisors, Investors
Robos are fiduciaries under the Advisers Act, SEC says.
White House to Enact Tax Reform by August: Treasury Secretary Mnuchin
Mnuchin says tax reform is key for increasing economic growth, which he expects will rise to 3% near the end of 2018.
Health Care Is Impact Investors' Top Cause: Survey
An American Century Investments survey examines millennials’ opinions on impact investing.
Clara Shih: How to ‘Work Smarter’ on Social Media
“You can’t just post and post” on social media, Clara Shih says; going a little deeper can help “ensure that robo-advisors don’t take over.”
Savers Oppose Eliminating 401(k) Tax Incentives: ICI
"Tax-favored savings are an extremely important underpinning of the successful 401(k) system," says ICI's Stevens.
Advisor M&A Growth Is ‘Subplot of a Bigger Story,’ Says Schwab’s Beatty
Record number of 2016 transactions reflects growth of RIA industry and confluence of buyers’ and sellers’ shared search for "durable" businesses.
Triad Adds OSJ With 11 Reps, $5B in Assets: Recruiting Roundup
Meanwhile, Cambridge promotes executive; Echelon Partners taps ex-LPL M&A specialist, others for new roles.