SEC’s Ability to Deliver True Fiduciary Standard in Doubt: Report
Institute for the Fiduciary Standard says the SEC believes "conflicts are routine and acceptable — not inherently inconsistent with providing objective advice.”
Another Politician Wants to Ban Insider Trading
Three bills are being introduced in Congress to re-forbid insider trading. The Himes bill does the least violence to existing law.
SEC Enforcement: Former Polycom Owner Faked Expense Reports
Meanwhile, two longtime friends were accused of an insider trading scheme involving kickbacks.
FINRA Bars Rep, BD for Misleading Private Placement Investors
Tony Thompson, who sold tenant-in-common deals from 2008-'12, was found to have misled investors on the financial condition of some investments.
IRS, Treasury Pave Way for Easier 401(k) Auto-Enrollment
The Treasury and IRS have issued guidance intended to facilitate automatic enrollment and contribution increases in 401(k) and similar retirement savings plans.
Distressed Diva Tilton Girds for SEC Battle Over Complex Loans
The philanthropist and distressed-company investor is suing the SEC to move her case out of administrative court.
Why the SEC Doesn't Need to Regulate Succession Planning
Just when you thought there wasn't one more rule that the SEC could impose on advisory firms, here comes another.
Lining Washington's Pockets to the Tune of $1.4 Billion
Wall Street banks and other financial services groups poured large sums of money into Washington during the 2013–2014 campaign cycle, spending more than $1.4 billion to influence decision making in the nation's capital.
The Advisor's Role in Preventing Abuse
Noting in a jointly published 2008 report that securities professionals are “on the front lines” to spot possible financial abuse of an older client, NASAA, FINRA and the SEC suggested watching for these red flags
SEC's White Supports Fiduciary Rule for Brokers, Third-Party Audits
While many in the industry are applauding SEC Chairwoman Mary Jo White's declaration that she will push to ensure the agency extends a fiduciary rule for brokers, concerns remain that such a rule will be a long time in the making.