Why SEC Is Cracking Down on 12b-1 Fees and ‘Distribution-in-Guise’
Once again, the SEC provides "guidance" to advisors in the form of an enforcement action, this time a $40 million judgment against First Eagle.
SEC Enforcement: Advisor Pushed Risky Investments in Firms He Owned
Meanwhile, the SEC fined 22 underwriting firms for muni bond fraud.
Wagner Bill Halting DOL Fiduciary Rule Passes House Panel
Meanwhile, Brookings economist Robert Litan resigned after Sen. Elizabeth Warren questioned him about the sponsor of a study that panned the proposed rule.
NASAA Gets New President, Floats Elder Financial Abuse Rule
Like a rule proposed recently by FINRA, NASAA's plan allows BDs and advisors to delay disbursement of funds when financial exploitation against seniors is suspected.
How Fiduciary Rule Will Change Advisor Business: AIG Advisor Group Panel
FSI's Dale Brown joined other experts at the ConnectED conference in San Antonio to address the practicalities of DOL's fiduciary rule.
FINRA, SEC Wallop UBS Puerto Rico With $33.5M in Penalties Over Closed-End Funds
Company failed to ensure suitability for clients of Puerto Rican CEFs that were highly invested in Puerto Rican municipal bonds; branch manager and rep charged.
SEC Wants to ‘Keep Alive’ the ’40 Acts Through New Regs; Bogle Talks ETFs
At 75th anniversary event, Vanguard founder John Bogle and T. Rowe Price’s James Riepe debate ETF regulation; SEC Chief White talks about upcoming rules.
You’ve Got Mail ... Now What?
The inappropriate use of email can spell disaster for RIAs, but there are measures you can take to protect your firm.
How to Make Your Firm a Social Media Juggernaut
Building your business through social media requires a coordinated effort. Here's how to set expectations and equip your firm's advisors to build your brand.
Books and Records Infractions Still Big Problem for State-Registered Advisors
Other top problem areas for state-registered advisors: contracts, registration, fees and custody.