Enforcement Roundup: Investors Win $900,000 in FINRA Arb Over Nontraded REITs
In other enforcement news, FINRA fined Barclays over electronic record storage and Instinet felt the SEC's wrath for improper soft-dollar payments.
Ken Fisher’s RIA Warning Draws Advisor Ire
Evensky, Carson, Rhoades and others offer strong reactions to ThinkAdvisor about Fisher’s prediction that RIAs would be gone in a decade.
FINRA Up to Its Old Tricks With SRO Strategy Shift
FINRA's apparent strategic shift over an SRO for advisors to the Senate is the latest in a series of moves it's made over the decades to protect the brokerage model.
New SEC Chairwoman Walter Appoints Two Acting Directors
During her first day as the new chairman of the SEC, Elisse Walter appointed two acting directors, one to the Division of Corporation Finance and the other to Trading and Markets.
FINRA at 5 Years: Highlighting 7 Areas of Action
Quite a bit has happened in those five years: billion-dollar frauds, a flash crash exposing major volatility issues and a bill supporting FINRA as advisors' SRO, to name a few developments.
Going for Gold: Rep. Bachus Wins the Prize for Fuzzy Thinking on RIA SRO
Congressman Bachus’ WSJ piece on the benefits of an SRO for advisors sets what might be a world record for faulty assumptions, wrong conclusions and inaccuracies.
Brokers Manage Products; Investment Advisors Manage Process
The absurdity of suggesting that investment advisors and broker-dealers often provide “indistinguishable services” demonstrates a stunning depth of misunderstanding regarding the two industries.
Note to LIMRA: Marketing Research by Any Other Name...
Looking underneath the headlines at the findings of LIMRA's study on retirement planning by investors with and without an advisor.
Boomerang: Will FINRA Oversight Force RIAs to the Next Level?
Mark Hurley's prediction that the RIA community will consolidate into 40 to 50 mega-firms may be effected by FINRA taking oversight of advisors. Maybe that's not a bad thing?
FINRA Hires Colby as Chief Legal Officer
FINRA announced Monday that it has hired Robert L. D. Colby as its chief legal officer to oversee the corporate and regulatory functions of the Office of General Counsel, along with the Regulatory Policy Group.