Morgan Stanley Fires Employee Accused of Stealing Client Data
Morgan Stanley fired an employee it said stole data, including account numbers, for as many as 350,000 wealth management clients.
SEC Finds Flaws in Credit Rating Agencies
The SEC found the agencies fell short in managing conflicts of interest as well as IT and cybersecurity issues.
IRS Pledges 2015 Tax Season Will Open on Time
Commissioner John Koskinen says IRS will begin accepting electronic and paper tax returns on Jan. 20.
SEC Enforcement Roundup: Twitter, Facebook Pre-IPO Fraud
SEC moves on a Ponzi-like social media IPO fraud case and multiple instances of alleged insider trading.
RCS Capital Faces Class-Action Shareholder Lawsuit
Suit filed by Pomerantz seeks to recover damages on behalf of those who bought RCS Capital securities between Feb. 12 and Oct. 31.
Has the Consumer Media Gotten the Fiduciary Message?
If some recent articles in The New York Times and Forbes are any indication, 2015 might become the year of "fiduciary-only."
Should CFP Board Settle Camarda Case? My Argument and the Board’s Response
Is it time to settle the case quietly, before it goes to trial? I say yes, but the CFP Board chairman begs to differ.
XY Planning Makes RIA Compliance Package Free for Members
XYPN memberships will now include free full assistance with the initial filings for new RIA firms, as well as ongoing compliance support.
SEC Budget Boost Not Enough for Advisor Exams: Investor Advocate
In report to Congress, Investor Advocate Fleming also said "reverse churning" of clients in wrap fee accounts needed to be aggressively policed.
IRS Should Get Tougher on Charities: GAO
Budget cutbacks have called into question the adequacy of IRS ability to police tax-exempt groups, the GAO says.