BD Fees Confuse Investors: NASAA
“Investors are confused and unaware of how much their brokerage firm charges to serve and maintain their investment accounts,” NASAA President William Beatty said.
Cyberattacks on Small, Midsize Advisors Go Undetected
Small and midsize advisors self-report few breaches because they lack the technology and sophistication to detect them, a tech specialist says.
Most State-Registered Advisors Have Tech, Cybersecurity Policies: NASAA
Though less than 5% of small and midsize firms said they had a cybersecurity incident, two-thirds said they had cybersecurity policies in place.
Massachusetts, Illinois Surveying Advisors on Cybersecurity
Advisors' responses could prompt changes in state regulations, Massachusetts securities regulator William Galvin says.
SEC Mulls Including Advisors as ‘Accredited’ Investors
"Professional certifications ... are among the possible supplemental or alternative criteria for qualifying as an accredited investor," says SEC Chief White.
Galvin's ‘I-CROWD’ Unit to Fight Reg D Fraud in Massachusetts
High-profile state regulator Galvin says he's created unit because SEC’s new hedge fund and private equity ad rule “sets in motion a much easier path for shady operators and crooks.”
State Securities Regulators to Hike Exam Fees for Series 63, 65 and 66
Despite increased costs of maintaining the exams, NASAA says the exam fees have not increased for the past four years.
D-Day Has Arrived for the ‘Switch’ From Federal to State Registration
Thursday marked the deadline for advisors with assets of between $25 million and $100 million under management to switch from federal to state jurisdiction.