The Problems With the CFP Board’s ‘Three Buckets’ Approach
It’s time for the Board to recognize that the fundamental starting point for all types of compensation disclosure should always be what clients actually pay.
The Strange Case of CFP Board’s Alan Goldfarb
After a sudden resignation last fall, Alan Goldfarb has been found to have violated the CFP Board's Rules of Conduct. Yet the details of the case suggest that the matter was not as clear as the initially reported findings suggested.
New Hire Roundup: Putnam Names New GAA Leadership Team
This week in new hires, Putnam announced a new leadership team for its global asset allocation organization, and Steve Antonakes became acting deputy director of the Consumer Financial Protection Bureau.
SEC’s 16 Biggest Penalties Since Financial Crisis
The SEC recently released a roundup of its financial crisis enforcement actions, highlighting some of the more than 150 firms and individuals the agency has levied charges against since 2008.
It’s Still the Economy, Stupid: TD Ameritrade Poll Ahead of Election
Retail investors named three issues as weighing heaviest on their confidence in the stock market, according to TD Ameritrade's Investor Sentiment Poll.
SEC, FINRA, DOL Enforcement Roundup: Investing Website Exposed as $600M Scam
A CEO who fed inside tips to a pro baseball player and an investment website running a $600 million Ponzi scheme were among those charged by the SEC recently.
Clearing's New Space
In these challenging times—lethargic economy, record-low interest rates, high market volatility, softer trading volumes and a regulatory overhaul—the top firm in the clearing space has decided to totally transform its business model.
Investacorp Chooses Erado for Social Media Strategy
In yet another indication that compliance walls to social media usage on the part of advisors are coming down, electronic compliance and archiving firm Erado announced Tuesday that it signed an agreement to provide social media compliance services to Investacorp.
Citigroup to Pay $285 Million to Settle SEC Charges on CDO Deal
The SEC charged Citigroup’s principal U.S. broker-dealer subsidiary with betting against clients who invested in the CDO as the housing market showed signs of distress.
FINRA Dismisses Lehman Case Against Former Employee
In an arbitration case decided Tuesday, FINRA decided against Lehman Brothers, which sought to recover $259,084.12 from a former employee, Jennifer Lorenc Mitchell.