Combating Elder Abuse Requires More Than Raising Awareness
NASAA is drafting model legislation to address how broker-dealers and advisors should respond when they suspect or detect senior financial exploitation.
The Advisor's Role in Preventing Abuse
Noting in a jointly published 2008 report that securities professionals are “on the front lines” to spot possible financial abuse of an older client, NASAA, FINRA and the SEC suggested watching for these red flags
6 Facts About Self-Directed IRAs and Their Custodians: NASAA
“Fraud promoters can misrepresent the responsibilities of self-directed IRA custodians to deceive investors,” says NASAA's Beatty.
Don’t Flub Fiduciary Rule, Groups Urge SEC
A broad group of organizations fears the SEC is headed toward proposing a watered-down fiduciary rule.
2013: The Road Ahead
NASAA will keep a close eye on Congress' attempts to delay or derail Dodd-Frank regs, another round of JOBS act-related legislation and an SRO for advisors.
Crowdfunding: What Could Go Wrong?
Is the JOBS Act’s embrace of crowdfunding a good idea? Is it what Congress meant to protect investors?
Best Practices for Working with Senior Investors
Securities examiners deal harshly with RIAs that do not fulfill their fiduciary obligations toward senior investors, as the SEC and state securities regulators view older investors as particularly vulnerable and in need of protection.
State Securities Regulators Lay Out 2011 Legislative Agenda
State securities regulators laid out their legislative agenda on Wednesday, and among their top priorities will be to fend off attempts to weaken Dodd-Frank and to “push hard” to encourage members of Congress to impose user fees on advisors to help the SEC fund advisor exams.
Why Advisors Still Aren’t Professionals
You are important enough to be regulated, and the interconnectedness of the world financial system requires that you be regulated to protect consumers and that system.
Survey Says: Investors Are Confused About Who's a Fiduciary
Advisory and consumer trade groups released a joint survey on Wednesday which shows that the majority of investors are confused about which type of advisor is required to act as a fiduciary.