Future Looks Bright to RIAs: Schwab Survey
Nearly half of advisors expect at least 10% growth in 2016, Schwab's annual advisor outlook survey found.
Cybersecurity: A Checklist for Advisors
Financial advisors know all too well that they need to protect their business from cyberattacks, but the problem may be bigger than many imagine.
RCS Capital Charged With Proxy-Voting Fraud; NYSE May Dump Stock
Massachusetts regulators say RCS Capital employees impersonated shareholders and voted for a proposed deal with Apollo.
Stock Jocks Get Their Knocks at BDs
The number of transactional representatives will shrink further as their risk versus reward to BDs no longer supports their business—and compliance—models, Jon Henschen writes.
BrokerCheck Can Help Predict Investor Harm, FINRA Study Finds
The BrokerCheck database is a “significant” predictor of brokers who may ultimately do investors wrong, two FINRA chief economists say.
Caveat Empty: Most Clients Don’t Understand the Brokerage Business
The principle of caveat emptor went out the window when brokers started using the moniker “advisor” to evade the ’40 Act standard.
3 Emerging Cyber Threats to Watch in 2016: SIFMA
The cybersecurity landscape is “worsening,” said Morgan Stanley’s chief information officer at SIFMA’s annual meeting.
SEC ‘Flat-Out Doing’ a Fiduciary Rule: Chief White
SEC must calibrate a fiduciary rule carefully, Chairwoman Mary Jo White said, so it "does not have unintended consequences."
Brokers' Views on DOL Fiduciary Rule Seem to Diverge From Their BDs'
Broker-dealer firms generally and overwhelmingly reject the Dept. of Labor's BICE requirement as “unworkable." Their reps are not so negative.
Apollo Nixes Part of RCS Capital Deal, Shares Plunge
Shares of RCAP, which owns the Cetera broker-dealers, are trading at $0.50 after plans for a new company are cancelled.