The Custody Rule and its Ramifications
When an RIA takes custody of a clients funds or securities, risk to that individual increases dramatically. Rule 206(4)-2 under the Investment Advisers Act (better known as the Custody Rule), was passed to protect clients from unscrupulous investors.
A whistleblower is any individual providing the SEC with original information related to a possible violation of federal securities law. The Dodd-Frank Act established a whistleblower program that enables the SEC to reward individuals who voluntarily provide such information.
Violating the pay-to-play rule can result in serious consequences, and RIAs should adopt robust policies and procedures to prevent and detect contributions made to influence the selection of the firm by a government entity.
Recent Changes in the Regulatory Landscape
2011 marked a major shift in the regulatory environment, as the SEC adopted rules for implementing the Dodd-Frank Act. Many changes to Investment Advisers Act were authorized by Title IV of the Dodd-Frank Act.
Why Women in Wealth Matter
It’s nearly time to nominate the 50 Top Women in Wealth. Here is why it is important.
SEC’s Aguilar Sees Need for Stronger Agency
Four ‘resolutions’ and ‘wishes’ for 2011, intended to boost investor protection and confidence in markets.
SEC Proposes ‘Security-Based Swap Execution Facility’ Rules
Instead of trading over-the-counter, as these have, the SEC wants to add ‘transparency, efficiency, and competitiveness’ and oversight.
Why Women Executives Lose Power and 10 Ways to Keep It
Henna Inam, a CEO coach who writes for The Glass Hammer e-newsletter, says too many women 'give away their power.'
8 Surprising Findings in the fi360-AdvisorOne Fiduciary Survey
Most brokers and advisors say extending the fiduciary standard to brokers won’t cost investors more or limit their choices; would help restore investor confidence.
Municipal Bond Regulation: Time to Repeal the Tower Amendment?
Too bad there’s no expiration date on the 1975 amendment exempting municipal bond issuers from making disclosures to potential investors.