What Do Tougher FINRA Suitability Standards Mean for You?
FINRA's new rules have elevated the importance of risk profiling and risk tolerance, which are often lost in the shuffle.
House Panel to Keep SEC Budget Flat as Lobbyists Lose Hope on User Fees
The advisory industry needs “to move on to other [exam] options” like third-party audits and raising the AUM threshold for state-examined advisors, says TD's Schweiss.
IRS Deadlines Loom for Taxpayers With Offshore Accounts
IRS reminds taxpayers of important June deadlines for FATCA and FBAR filings.
Craigslist Ponzi Scheme Snares Retired Teacher: State Regulators
Regulators in Massachusetts and Alabama issue cease-and-desist orders against Premiere Asset Management for orchestrating a Craigslist-based scheme.
SEC Loses Fraud Case Against Robare Group
Judge dismisses fraud charges related to conflicts of interest against the Houston-based firm.
Hearsay Social, American College to Roll Out Social Media Classes for FAs
The venture aims to help advisors reach younger clients via tools like LinkedIn, Twitter and Facebook.
DOL Fiduciary Proposal Threatens Small-Biz Retirement Plans: U.S. Chamber
Former EBSA head Brad Campbell notes another potentially "significant" problem of DOL plan is requiring advisors to purchase "fiduciary insurance."
Alleged Flash-Trading Mastermind Lived With Parents, Couldn’t Drive
Nav Sarao is accused of helping to wipe $1 trillion off the financial markets in 2010; he is now in a U.K. prison.
Stifel Agrees to Buy Barclays’ U.S. Wealth Management Unit
The deal should add some 180 advisors to the company, which recently bought Sterne Agee.
Lou Harvey: Retirement Advisors’ Value Is Misunderstood
The Dalbar CEO says the consumer media's focus on investment returns and plan expenses overshadows the challenges advisors overcome to foster retirement security.