Books and Records Infractions Still Big Problem for State-Registered Advisors
Other top problem areas for state-registered advisors: contracts, registration, fees and custody.
What Is — or Isn't — Crowdfunding, Anyway?
Are all three of the provisions that were ushered in under the JOBS Act to ease restrictions on capital raising actually crowdfunding?
LPL-Affiliated RIA Merges With Bank-Focused Wealth Group
The deal gives some 500 IFP advisors acccess to a large number of bank clients and accounts, the two firms say.
LPL to Pay $3.2M Over Sales of Nontraded REITs, Leveraged ETFs
A settlement was reached with NASAA, Massachusetts and Delaware attorneys general.
NASAA: States Doled Out $579M in Enforcement Penalties in 2014
Private placement offerings, real estate investments and crowdfunding were ripe areas for fraud, state securities regulators reported.
FINRA Floats Tougher Expungement Rules
FINRA arbitration panels would have to provide a more detailed rationale for granting a rep's request to have black marks wiped off their BrokerCheck report.
5 New Compliance Headaches for Advisors, BDs
As Labor Day approaches, here are five big compliance developments advisors may have missed in recent months.
FINRA BrokerCheck Plan Gets More Flak
The IBD lobby wants clarity for indie reps, while NASAA wants the rule to include email signatures.
Galvin Fines LPL $250K Over False Senior Designation Titles
Since mid-'07, LPL did not establish, maintain, or enforce a procedure to review senior-specific titles for compliance in Massachusetts.
SEC: Intrastate Crowdfunding Rules Predate Internet, Need an Update
The SEC wants to modernize the rules that govern state-based crowdfunding in order to make intrastate offerings easier, Chairwoman White says.