The SEC ‘Hasn't Been Doing Its Job for a Long Time’: Brian Hamburger
In a wide-ranging session at the Envestnet Advisor Summit in Chicago in early May, MarketCounsel's Brian Hamburger argued that one of the main regulatory and compliance issues facing advisors is the regulators themselves.
New Hampshire Hits LPL Over Nontraded REITs
New Hampshire has filed a $3.6 million legal action against the independent broker-dealer.
SEC User Fees Would Have Little Impact on Most Firms: Study
Vanguard, on the other hand, may have reason to call its lobbyists soon, according to an analysis by the compliance firm RIA in a Box.
SEC Enforcement: Kansas Charged With Securities Fraud
In another action, a brokerage firm and its founder were charged with violating net capital requirements and falsifying data in an attempt to mislead examiners.
JPMorgan Pledges $20M for Veteran Initiatives
JPMorgan Chase has pledged $20 million over the next five years to go to employment, education and housing programs for veterans and their families.
The Fiduciary Standard and You
Fiduciary issues pop up in the oddest places.
New Hire Roundup: Putnam Names New GAA Leadership Team
This week in new hires, Putnam announced a new leadership team for its global asset allocation organization, and Steve Antonakes became acting deputy director of the Consumer Financial Protection Bureau.
NHS Hospitals Urged to Expand Overseas
Britain is urging major hospitals in its National Health Service to look beyond the country’s borders and offer foreign governments access to U.K. health services in the quest for profit.
Asian-Americans No. 1 Immigrant Group, but Tough Crowd for Advisors
Asian-Americans have surpassed Hispanics as the largest immigrant group in the U.S., and their affluence and high levels of income make them a coveted, though challenging, target market for financial advisors.
Business of Sports: 7 Big Sponsorships by Prudential
An obvious key advertising arena is sports, and Prudential is a big player. Fans would have a hard time not associating a “piece of the rock” with their favorite teams, from the Yankees to the Devils to the Red Bulls.