Side-Stepping SEC and DOL, 11 Fiduciary Best Practices for Advisors Are Proposed
Institute for the Fiduciary Standard's Knut Rostad says practices can be used by advisors to counteract D.C. gridlock on fiduciary and “investor misperceptions.”
SEC, FINRA Enforcement: Edward Jones Fined for AML Failures
Meanwhile, the SEC fined International Capital Group for selling penny stocks and making stock-based loans without registering as a BD.
Investment Advisor Compliance in the Digital Age
There are many ways that existing technology can support a robust compliance program.
BD Audits Failing to Meet New Standards
After inspecting five BD audits and finding none met new PCAOB standards, the accounting board urged auditors to ensure they understood the new rules.
Ex-Gov. Pawlenty: White House Fiduciary Memo ‘Overly Broad’
The leaked memo was “overly broad in condemning the industry and fairly conclusory without citing a lot of specifics,” FSR's Pawlenty says.
Obama Drops 529 Tax Plan; New College Saving Bills Floated
Administration will now focus on delivering a “larger package” of education tax relief that will have bipartisan support.
Is State Regulation the Future of Financial Planning?
Time to rethink national regulation of financial planners in favor of state oversight? Michael Zmistowski of the Florida Council of the FPA makes the argument.
FSI Chair Blasts White House Fiduciary Memo as ‘Offensive’
FSI Chairman and Cetera President Antoniades says the memo's "ignorance" is "frankly offensive"; FSI also says it’s fighting FINRA's CARDS plan.
Andy Friedman: 7 Dates That Will Force Congress to Act
Speaking at FSI OneVoice, Friedman says seven "forcing events" will lead Congress to act, despite otherwise continued "split government" in Washington.
2014 Was Tough for Class Action Lawyers, Good for Investors: Report
The number of securities class actions filed stayed nearly flat, but investor losses dropped dramatically and dismissal rates rose, a study found.