Cetera Shuttering Broker-Dealer, Pushing Out Some Reps
Recruiter says about half of the J.P. Turner advisors have been invited to join Summit Brokerage.
Most Advisors See ‘Minimal to No Impact’ From New Fiduciary Rules
But do reps really understand what they will need to do to fully monitor and manage investment suitability?
Think FATCA Requirements Only Apply to Foreign Entities? Think Again
U.S. individuals and entities with foreign financial assets may be required to file Form 8938 with the IRS.
Top 5 Fastest Growing Consumer Complaints
Thirty-seven agencies in a survey received a total of 281,639 complaints last year, including tax-related fraud.
Court Rules There's No 180-Day Limit on SEC Investigations
An appellate court has agreed with the SEC’s self-serving interpretation that Dodd-Frank's 180-day Wells notice limit was not an enforceable limit at all.
SEC Pay-to-Play July 31 Effective Date a ‘Nonevent’: IAA Chief
The SEC won’t enforce ban on advisors’ use of third parties to solicit business from government entities until FINRA and the MSRB issue final rules.
Judge Says CFP Board ‘Followed Its Own Rules’ in Disciplining Camardas
The judge in the Camardas' case against the CFP Board has just unsealed the opinion.
Lawmakers Ask DOL to Start Over on Fiduciary Rule
“We feel it is in the interest of our constituents that the DOL repropose this fiduciary regulation,” lawmakers tell Labor’s Thomas Perez.
UBS Americas Cites Higher Regulatory Costs for Q2 Wealth Profit Drop
Yearly fees and commissions per advisor top rivals at $1.12 million; average assets per rep stand at $150 million.
LPL CEO Addresses Firm’s Compliance Woes
The firm “is close to being done” resolving several enforcement issues it has faced over the last few years, CEO Mark Casady said.