JPMorgan Says U.S. Probing Asset Unit in Sale of Own Funds
The SEC and other groups are looking at the bank's use of proprietary products in its wealth management business.
Budget Battle Has Just Begun, Political Watchers Say
While Republicans agree on a plan, "the rubber doesn’t meet the road until the president has to sign an appropriations bill this fall," says Friedman.
LPL to Pay $12M FINRA Fine for Failing to Supervise Sales
FINRA censured and fined LPL for broad supervisory failures involving sales of nontraditional ETFs, VA contracts and nontraded REITs.
Toward a Workable Fiduciary Standard for Brokers: The 7 Questions
To tell if brokers are really acting like fiduciaries, ask these seven questions about a client's portfolio to check for possible broker abuses.
Former Senator Calls on Congress to Investigate ‘Flash Crash’
Former Sen. Ted Kaufman, D-Del., and Dennis Kelleher, CEO of Better Markets, are urging Congress to create an independent commission to investigate the 2010 crash.
SEC Chief: Advisor Exam Crunch Is a ‘Serious’ Investor Protection Issue
SEC chief White tells senators the current 10% advisor exam rate is cause for "great concern" and discusses fiduciary rules.
Tom Bradley: Advisor Evangelist—The 2015 IA 35 for 35
Ask Bradley to look back at pivotal moments that shaped the advisory business and he recalls May Day 1975, the day the SEC deregulated commissions.
State Regulator Goes After Unregistered Rep, Fines Funds $250,000
Massachusetts says 144 residents, mainly seniors, were sold "risky securities."
Experts Take Aim at DOL Fiduciary Redraft
One ERISA lawyer perhaps said it best after digesting the DOL's 700-page fiduciary redraft: “There is so much to say. I don't know where to begin.”
An SEC Broker Fiduciary Standard May Undermine the ’40 Act
In my March 25 blog on ThinkAdvisor.com, “Will She or Won't She? Mary Jo White and the Broker Fiduciary Standard,” I voiced some concerns about SEC Chairwoman White's recent remarks at SIFMA's Legal and Compliance Seminar in Phoenix pertaining to the SEC's plans to move forward with a fiduciary standard...