Variable Annuities a Top Source of Customer Complaints: FINRA
Two top officials at the Financial Industry Regulatory Authority and the Securities and Exchange Commission recently highlighted their concerns regarding annuities.
SEC Exam Chief Di Florio Jumps to FINRA Post
In a surprising move, Carlo di Florio will leave the agency and become an executive vice president of FINRA.
White Pledges to Weigh Cost of Fiduciary Rule as Ketchum Revives SRO Fight
Just as incoming Securities and Exchange Commission (SEC) Chairwoman Mary Jo White has pledged to lawmakers that she would carefully weigh the costs of a fiduciary rulemaking, Richard Ketchum, CEO of the Financial Industry Regulatory Authority (FINRA), is renewing his call for a self-regulatory organization to oversee advisors.
Raymond James Introduces New Comp Model for Hybrid Reps
Model seeks to help retain Raymond James Financial advisors exploring RIA option; available to reps with $100M or more in discretionary AUM.
What I Learned at Our Compliance Conference, Pt. 2: What SEC Examiners Are Pursuing
What are the SEC's priorities in examining investment advisors? A look at OCIE's priorities, and at what may be the most underreported development in advisor exams.
As Dually Registered Advisors’ Assets Grow, SEC Zeros In
Just as the SEC beefs up its oversight of dually registered advisors, new research from Cerulli Associates finds the dually registered channel is one of the fastest growing.
SRO Is Key to Boosting Advisor Exams: Former SEC Chief Pitt
The SEC “can’t handle” examining advisors, Harvey Pitt said at the Investment Adviser Association conference.
SEC Finds Significant Custody Violations
The SEC issued Monday a risk alert on compliance with its custody rule for investment advisors as well as an investor bulletin about the rule.
SEC Lays Out Advisor Exam Priorities for 2013
The regulator's top concerns include new, never-regulated advisor registrants and dually registered advisors.
Poll Results: As SEC’s Schapiro Steps Down, Advisors Speak Up
Our AdvisorOne survey found some sentiment for Sallie Krawcheck, but gave regulators overall poor marks for protecting consumers and providing a level playing field.