Ex-LPL Broker to Pay $1.9M in Fraud Case
At least seven Georgia investors were affected by Blake Richards' schemes, the SEC says.
Lawyer Charged With Bilking Client, 90, to Fund Cat Litter Box Invention
California attorney Delbert Modlin is charged with persuading a 90-year-old man to liquidate his assets and invest the $120,000 proceeds into an improved cat litter box.
SEC Gives First Compliance Employee a Whistleblower Award
Agency awards more than $300,000 to an employee who performed audit and compliance functions.
SEC, FINRA Enforcement: Citi Global Markets Fined $2 Million
In another action, an investor relations firms exec was charged with insider trading.
Schwab-Morgan Broker Battle Is ‘Tricky’: Expert
FINRA has wrapped up its ruling, but arguments over who owns client information when advisors switch firms continue.
SEC Tightens Rules on Credit Rating Agencies, Asset-Backed Securities
“ABS issuers and rating agencies will be held accountable under significant new rules governing their activities," said SEC's White.
Can CFPs Really Be Fiduciaries?
To my mind, the onus for establishing standards for how CFPs should live up to a fiduciary standard fall squarely on the CFP Board.
Treasury’s Crime Unit Floats New Customer ID Rules for BDs, Mutual Funds
Meanwhile, FinCEN continues to work with the SEC on anti-money laundering rules for advisors.
6 Steps to Complying With SEC Email Regulations
Hiring a vendor to capture and archive emails within your advisory firm is the beginning, not the end, of complying with SEC rules and regs.
Motif Investing Targets Corporate Inversions
The recently launched Tax Inversion Targets motif is a 25-stock tradable index of potential tax-inversion targets domiciled in tax havens.