SEC Increases Amount of Data Advisors Must Include on Form ADV
SEC adopted final amendments Thursday requiring advisors to disclose more information on Forms ADV about their use of SMAs, branch office operations and social media.
FINRA Enforcement: RBC Fined Over Arb Agreement
In another action, Oppenheimer & Co. was censured and fined for inaccurately reporting, or failing to report, short positions.
Insurers to ‘Have Their Butts Sued Off’ Under DOL Fiduciary Rule: NAFA Lawyer
In the first hearing in a series of lawsuits, NAFA argues the DOL fiduciary rule embodies overreach to do things Congress never intended.
SEC Takes Aim at Performance That’s Just Too Good to Be True
SEC will require RIAs to document their performance numbers, and disclose more about their use of separate accounts, including derivatives.
What Advisors May Not Know About the DOL Fiduciary Rule
Pension law attorney Marcia Wagner lays out not just the basics of the rule but some details that may surprise you.
Are Index Funds Communist?
Indexing is cheaper, yes, but that's because active management has positive externalities, and if no one will pay for it, those benefits will disappear.
13 Firms Fined for Advertising F-Squared’s False Performance Claims
Penalties range from $100,000 to a half-million dollars based upon the fees each firm earned from F-Squared’s AlphaSector-related strategies.
DOL Finalizes State-Run Retirement Plan Rules
Labor wants to see more states, even cities, launch auto-enroll plans, especially for small businesses without retirement plans for workers.
A DOL Fiduciary Rule Compliance Checklist
Here’s a pithy, practical six-point checklist to help advisors of all stripes comply with the DOL rule.
DOL Fiduciary Rule Heads to Court, and Here’s What to Expect
Here’s a snapshot of the action unfolding Thursday, when a judge takes up NAFA’s request for a preliminary injunction against the rule.