Pay-to-Play Compliance Reminders for Advisors at Election Time
Remember Rule 206(4)-5 of the Investment Advisers Act? The SEC does. You should, too, especially if you or your advisory firm associates make political contributions.
SEC, FINRA: 5 Tips to Avoid Penny Stock Scams
SEC, FINRA highlight ways investors can avoid dormant shell company scams.
Schorsch’s ARCP Plunges After Execs Replaced Over Accounting Errors
American Realty’s stock falls more than 30%; the mistakes may have been intentionally not corrected
SEC Charges Sands Brothers With Custody Rule Violations
SEC charged Sands Brothers and three of its top officials, including its CCO, with failing to provide timely statements on the firm’s private funds.
What the Retirement Industry Can Expect From Regulators, Congress in ’15
Retirement planning officials should prepare next year for the release of DOL’s fiduciary plan, the official launch of Obama’s MyRA and more.
ERISA at 40: ‘Terrible’ or ‘A Job Well Done’?
While terms used to describe ERISA include “horrible” and “terrible,” a panel of experts agreed Tuesday that the law has had a positive impact.
House Dems Call for SEC Crackdown on Corporate Anti-Whistleblower Practices
Lawmakers say “overly restrictive nondisclosure agreements,” for example, threaten the SEC's whistleblower program.
Merrill to Pay FINRA $6 Million Over Reg SHO Violations
FINRA said Monday that it had fined Merrill's clearing and BD arms for not ensuring that fail-to-deliver positions in short sales were properly closed out.
What to Do When the Examiners Visit Your Practice
Advisors love to learn from other advisors, which is why about 75 of them showed up early for a compliance session during Commonwealth Financial Network's national conference.
Hedge Funds Group Wants Accredited Investor Definition Changed
The Hedge Funds Association was quick to weigh in on the news that the SEC's Investor Advisory Committee was planning to recommend that the commission revise its accredited investor definition.