Ex-NFL Player Accused of Ponzi Scheme: SEC
A former New England Patriot and a partner are accused of bilking investors who thought they were funding loans to pro athletes.
SEC’s Ability to Deliver True Fiduciary Standard in Doubt: Report
Institute for the Fiduciary Standard says the SEC believes "conflicts are routine and acceptable — not inherently inconsistent with providing objective advice.”
Personalized Portfolios Are Under Attack
Robo-advisors and target-date funds are lulling investors into a "fairyland view of investing," and only human advisors can save them, Ron DeLegge says.
SEC Fines Firm, Unregistered BDs $6 Million
Nine companies and 12 individuals acted as brokers for corporate bond sales without legal registration.
FINRA Hits Firm for $916,000 Over Illegal Short Sales
First New York is being sanctioned for shorting shares ahead of 14 public offerings.
SEC, FINRA Enforcement: Firm Fined Over Interfund Loans
Meanwhile, FINRA censures and fines Thrivent Investment Management for failing to deliver thousands of trade confirmations of mutual fund transactions.
Target Date Fund Inflows Not What They Used to Be: Morningstar
Growth of net new assets for target-date funds was just 1% in Q4'14 vs. 3% in Q3'14, according to Ibbotson Associates.
SEC Names Grim Acting Director of Investment Management
David Grim has served as deputy director of the division for the past two years.
FSI Chair Blasts White House Fiduciary Memo as ‘Offensive’
FSI Chairman and Cetera President Antoniades says the memo's "ignorance" is "frankly offensive"; FSI also says it’s fighting FINRA's CARDS plan.
SEC’s Top Exam Priorities for 2015: Retirement Savers, Branch Offices
The regulator also will zero in on reps who offer "a variety" of fee arrangements.