Obama Endorses DOL Fiduciary Redraft, Girds for Fight
“If you want to give financial advice, you have to put your clients’ interest first,” Obama said Monday, blasting “backdoor payments” and high fees.
SEC, FINRA Enforcement: Fake Hedge Fund Manager Seeks His Perfect Match
The SEC has charged Moazzam Malik with stealing investor money to pay for a matchmaking site membership and Harvard classes, among other expenses.
FINRA’s 5 Biggest Fine Categories in 2014
FINRA fines more than doubled in 2014 even as the regulator filed fewer cases, according to the law firm Sutherland Asbill & Brennan.
Is Investing in Movies a Good Investment Strategy?
Wade Bradley claims his Media Society has cracked the code of money-making in the risky world of film investing.
Advisors Mobilize for More Cybersecurity Threats
The buzz around cyberattacks was a hot topic at the T3 conference as the SEC and FINRA mull IT-related controls.
Enforcement Roundup: Ex-CCO Sues Over ‘Defamatory’ Form U5
In another action, the SEC charged five offshore entities with offering and selling unregistered penny stocks.
FINRA Hires SEC Data Analytics Guru Kurtas for New Post
Kurtas will focus on “improving how FINRA analyzes and uses the data it currently gathers from firms,” the self-regulator says.
Advisor Barred for Claiming Fund Was ‘SEC Approved’
“Registration does not mean approval, and the regulators view any suggestion to the contrary as materially misleading,” Cipperman Compliance points out.
SEC to Conduct ‘IT-Related’ Exams of BDs, Advisors
Examiners will take a targeted look this year at “the quality of the technical infrastructure” of firms’ cybersecurity controls.
SEC, FINRA Enforcement: Ex-Barclays Analyst, 3 Others Fined for Insider Trading
Meanwhile, FINRA has fined Bloomberg Tradebook on short sale violations.