SEC Approves 2017 Budget Boost for PCAOB
PCAOB, which oversees audits of SEC-regulated BDs, gets a 4.2% increase over its 2016 budget.
Schwab to Launch Hybrid Robo-Advisor Service
Schwab Intelligent Advisory combines the service of a “live credentialed professional and logarithm-driven technology.”
Betterment for Advisors Partners With FPA
The strategic partnership will help educate advisors about using technology to serve more clients, according to the FPA.
Ex-LPL Rep Gets 5 Years in Jail for Ponzi Sceme
Charles Caleb Fackrell, who was based in North Carolina, fleeced investors of $1.4 million.
Blucora, HD Vest to Add Robo-Services
Some 5 million TaxAct clients will soon have access to the Financial Guard platform but can opt to work with FAs instead.
State Warns BDs: Watch ‘Bad Actors’ or We’ll Do It For You
A sweep of more than 240 broker-dealers in Massachusetts yields some revealing information on misconduct and supervision.
Enforcement Director Ceresney to Leave SEC
During Andrew Ceresney’s nearly four years as enforcement director, the SEC filed more than 2,850 enforcement actions.
The SEC on ADV Disclosure, Aaron Rodgers and the Robare Decision
The multiple, troubling parallels between a TV commercial starring the Packers’ quarterback and the SEC’s overkill on the Robare conflict-of-interest case.
Is Your Broker-Dealer in a Death Spiral? 4 Steps to Discovery
A BD’s management will rarely share problems at the firm until it’s too late. Here’s how reps can overcome that challenge, according to Jon Henschen.
Raymond James Grabs More Wells Fargo Reps: Recruiting Roundup
Also, Delaware Investments names its next head of equities, who will lead nine U.S.-based equity investment teams.