Massachusetts Regulator Investigating BNY Technology Snafu
Galvin also queries Goldman Sachs, Deutsche Bank, First Trust Advisors, Guggenheim Partners, Prudential Financial & Federated Investors.
CFP Board Sanctions 2 More CFPs Over ‘Fee-Only’ Comp Status
CFP Board has issued public disciplinary actions against two CFPs for misrepresenting their compensation method as "fee-only."
5 New Compliance Headaches for Advisors, BDs
As Labor Day approaches, here are five big compliance developments advisors may have missed in recent months.
SEC, FINRA Enforcement: Philly Firm to Pay $21M for CDO Fraud
Meanwhile, FINRA fined a Georgia firm for failing to notice that one of its brokers was receiving wire transfers from a dead client.
DOL Advances State-Based Retirement Plan Rule
DOL has filed with OMB its proposed rule designed to make it easier for states to offer retirement plans without running afoul of ERISA.
8 Issues to Address in Your Advisory Contracts
Yes, a prudent investment advisory contract would include more than mere boilerplate, but don’t overlook the basics.
House Panels to Hold Hearing on DOL Fiduciary Rule
The hearing could lead to the markup of a bill that would stop the DOL rule until the SEC comes out with its own.
IRS Budget Cut Opens Door for Cyberattacks, Tax Cheats: Sen. Wyden
Wyden, ranking member of the Senate Finance Commitee, asks the IRS commissioner to make his case against a $470 million budget cut.
Fiduciary September 2015: A Historic Time for Fiduciary Advice
Reclaim your Advisers Act heritage, urges the Institute for The Fiduciary Standard, and tell your story to investors in the public square.
Cash Balance Plans, QLACs Gaining Thanks to New Treasury and IRS Regs
New rules are helping cash balance plans and QLACs become attractive retirement planning options.