SEC Imposes ‘Sweeping’ Liquidity Rules for Mutual Funds, ETFs
In mid-October, the SEC adopted rules for mutual funds and ETFs to allow observers to “better monitor liquidity risks” in those investing vehicles.
Warning: Don't Expect Revisions or Reversals in DOL Rule
As the DOL rolls out fiduciary rule guidance, advisors and BDs should not count on major revisions or reversals.
Why a Fiduciary Duty Matters
Does a fiduciary duty really make a difference in the quality of the advice that retail investors get?
5 Big Changes Advisors Should Make by Fiduciary Rule Deadline
It's getting to be crunch time for advisors to ensure compliance with the Department of Labor's fiduciary rule.
SEC Enforcement: Advisor Charged With Failing to Disclose Conflict of Interest
VCAM’s founder will be barred from the securities industry for two years. Also, Bank Leumi is charged with conducting cross-border business in the U.S.
FINRA Blasted for Not Fixing ‘Broken’ BrokerCheck
PIABA, a group of lawyers who represents investors, says that FINRA wasted money on TV advertising pushing its “flawed” system.
Senior Safe Act Could Be Signed Into Law by Year-End
Senior financial abuse will only continue to grow as the senior population increases by 10,000 people per day through 2030, says SIFMA's Hammerman.
Galvin Sweep of BDs With ‘Bad Brokers’ Leads to Charges
After finding cases of elder abuse connected to reps with disciplinary records, Galvin moves to end their work in the securities business.
Sen. Warren Probes Wells Fargo Board on Stumpf Compensation, New CEO
Warren says in letter, Stumpf resignation is “not enough to assure proper accountability at Wells Fargo, raises additional questions.”
Your Biggest Cybersecurity Threat? Your Employees
Hackers routinely target workers who are dangerously oblivious to proper cybersecurity practices. Preventing these breaches demands firm-wide education.