Prudential Loses Appeal, Is Designated a SIFI by FSOC
Under the Dodd-Frank Act, Prudential is entitled to bring an action within 30 days in federal court to have the final determination rescinded.
5 Years After Lehman Crash: ‘Dark Times’ Ahead
Janet Tavakoli and other commentators talk of violated American principles, the death of capitalism and “dark times for the future of the republic.”
Roth on New Role at Realty Cap: ‘All About Opportunity’
The former head of AIG's Advisor Group says RCS is looking to build "a full-scale financial services model in the alternatives space."
Roth’s Exit From Advisor Group: ‘A Big Deal’
Larry Roth’s departure creates a void for the IBD network, industry insiders say.
What’s ‘Fee Only’? CFP Board and NAPFA Diverge
Is 2% ownership of a BD really so "insubstantial"? The CFP Board and NAPFA take different tacks on issue flowing from the Alan Goldfarb case.
Raymond James Sees 34% Jump in July AUM
Meanwhile, Charles Schwab reports $8.8 billion in net new assets for the month.
The Weakest Link
While it’s hardly news that businesses are exposed to reputation and liability risk through suppliers, the factory collapse in Bangladesh in April has upped the ante considerably.
How Financial Reform Became a Fiasco
Three years after Dodd-Frank’s passage, President Obama and Congress have failed to shepherd sound financial-industry rules, or level with the public.
SEC Fiduciary Rule Unlikely in Dodd-Frank’s Third Year of Life
Advisors, including Harold Evensky, and industry officials are increasingly pessimistic that the year will bring a uniform fiduciary rule. However, the first designation of an asset management firm as systemically important could be coming soon.
Royal Alliance Recruits 50-Rep, $1.4B Group
Savage & Associates, which has offices in Ohio and California, is the latest organization to affiliate with the independent broker-dealer.