Small Firms at Greater Risk From Cyberthreats
It doesn’t matter how big your firm is—if you leave yourself vulnerable to cyberattack, you could be a victim, according to a white paper by First Clearing.
The Price of Everything: What’s the Value of Sound Advice?
The SEC Regulatory Accountability Act is yet another attempt by the securities industry to shift attention away from the consumer protections of requiring brokers to put the interests of their clients ahead of their own, by focusing solely on the “costs” of doing so.
Guiding Your Art-Loving Clients, Whether It’s a Passion or an Investment
Art collectors may love their pieces, but often they're as driven to buy by the perceived investing benefits. What’s the advisor’s role in guiding their clients?
Retiree Entitlements ‘Undermine’ Everything Else: Robert Samuelson
Washington Post columnist Robert Samuelson took a scorched-earth approach on Monday to what he sees as out-of-control entitlement spending.
Obama Blasts ‘Meat Cleaver’ Cuts as Simpson, Bowles Release New Plan
With little time left until the $85 billion in sequestration cuts take effect, President Barack Obama urged lawmakers Tuesday to avert the “brutal” cuts.
SEC Enforcement Roundup: Husband and Wife Charged in Charity Fraud Against Seniors
Also among recent enforcement actions was the sentencing of an insider trading informant who managed to avoid prison time for his cooperation.
A Broker Who Broke Bad
Serving nearly 400 days in federal prison wasn’t what Justin M. Paperny had in mind when he became a stockbroker fresh out of the University of Southern California, psychology degree in hand.
SEC, FINRA Enforcement Roundup: Eli Lilly to Pay $29M to Settle Foreign Bribery Charges
The SEC recently charged Eli Lilly for violations of the FCPA and barred an Arizona-based fund manager from the industry after the fund’s collapse. FINRA ordered Pruco Securities to pay $10.7 million.
I’ve always been intrigued by financial advisors.
Corzine Starting a Hedge Fund? Outrageous, Maybe, but Not Unprecedented
As the criminal investigation into the former MF Global head is dropped, rumors swirl that he may be starting a hedge fund. He wouldn't be the first disgraced financier to do so.