7 Questions Advisors Should Ask After a Data Breach
The Consumer Federation of America created a checklist to help companies determine what to do after a data breach occurs.
Lynn Tilton Asks Supreme Court for Stay on SEC Fraud Charge
Founder of RIA firm Patriarch Partners has asked Justice Ginsburg to stay SEC fraud proceeding, charging Commission's administrative law judge systems is unconstitutional.
House to Vote on Dodd-Frank Rollback Bill Benefiting Private Equity
Following SEC scrutiny of Apollo, Blackstone and KKR, House bill would ease some fee disclosures; White House vows to veto measure.
SEC Snags Raymond James, Baird for Wrap Fee Violations
The two firms were fined by the SEC for failing to disclose trade-away commissions
Enforcement: SEC Charges Sex Products CEO With Fraud; FINRA Fines Short Seller
SEC charged Empowered Products with promotional fraud; FINRA censured and fined Timber Hill for not closing fail-to-deliver positions.
Wells Fargo Fined $185M for Opening Secret Unauthorized Accounts
The CFPB also ordered Wells Fargo to refund fees and charges that were paid because of these unauthorized accounts.
Ex-CFO at Schorsch-Related REIT Arrested
The SEC and U.S. Attorney took action against Brian Block while pressing charges against Lisa McAlister, who has pleaded guilty.
Betterment Study Urges Strong Oversight of Advisors Working With 401(k) Plans
The study, conducted by Forrester Consulting, recommends that employers demand more information on 401(k) fees and investment decisions from advisors.
FPA Forms Advocacy Council for Members
The Financial Planning Association wants advisors to have a "strong voice" with regulatory and certifying bodies.
Survey: Advisors Fear Consequences of DOL Fiduciary Rule
Advisors’ personal liability concerns are skyrocketing due to the increased volume and scope of internal and external regulations, a Cogent report finds.