‘Tainted’ Wells Fargo Facing Advisor Talent Drain: Recruiters
The bank’s “tainted brand” means advisors are less likely to join and some will become more interested in leaving, recruiters say.
FINRA Sweeps Broker-Dealers’ Cross-Selling Practices
FINRA focused on nature, scope of BDs’ cross-selling activities and whether they are adequately supervised.
The BICE Is Not a DOL Fiduciary Get-Out-of-Jail-Free Card
Understand when you must use the best interest contract exemption under the DOL fiduciary rule — that means even you, fiduciary advisors!
5 Guideposts for RIAs to Comply With SEC’s Change of Control Rules
All RIAs will inevitably need to navigate the SEC’s “change of control” rules and guidance. Here’s how to stay on course.
SEI, Redtail Launch DOL Fiduciary Action Plan
SEI and Redtail are the latest example of firms joining forces to help advisors manage their new compliance burdens.
Raymond James, Ameriprise Keeping Commissions in Retirement Accounts
The two BDs, which have nearly 17,000 advisors, won’t relent to DOL fiduciary rule, insisting that investor choice is paramount.
SEC Charges Advisor for Overbilling Fees, Stealing Assets
The SEC says Marc Broidy billed excess fees and also misappropriated funds to pay for overseas trips and leases on luxury vehicles.
SEC Zeros In on Advisors’ Whistleblower Compliance
Examiners targeting advisors and BDs’ compliance manuals, codes of ethics, employment agreements and severance agreements.
Most Advisors Confused on DOL Rule’s Impact: Galvin Poll
A majority incorrectly believes that, despite their work with retirement accounts, the new fiduciary standard won’t impact them.
DOL Releases FAQs on Fiduciary Rule
First round of FAQs answers 34 questions on new exemptions and amendments to existing exemptions.