Cyberattacks on Small, Midsize Advisors Go Undetected
Small and midsize advisors self-report few breaches because they lack the technology and sophistication to detect them, a tech specialist says.
BDs, Trade Groups Team Up to Clarify Murky BD Fees
FINRA, SIFMA and other groups, with LPL and other BDs, have joined forces to develop rules that ensure BDs’ fees are easily understood by investors.
Most State-Registered Advisors Have Tech, Cybersecurity Policies: NASAA
Though less than 5% of small and midsize firms said they had a cybersecurity incident, two-thirds said they had cybersecurity policies in place.
Elder Financial Abuse Targeted by State Regulators
Since 2008, NASAA said, more than 34% of enforcement actions by state securities regulators have involved senior victims.
FINRA Move on Brokers' Expungement a Good First Step
Over the past five years, state securities regulators have used the CRD and IARD public records to weed out more than 20,000 bad actors.
Massachusetts, Illinois Surveying Advisors on Cybersecurity
Advisors' responses could prompt changes in state regulations, Massachusetts securities regulator William Galvin says.
NASAA Launches Multi-State Review Program for Small-Business Offerings
Under the program, Regulation A filings can be made in one place and distributed electronically to all states, NASAA says.
Barbara Roper, Investor Watchdog: The 2014 IA 25 Profile
Business as usual on Wall Street is bad news for investors, according to the director of investor protection for the Consumer Federation of America.
5 Digital Currency Risks Investors Should Know: NASAA
Volatility and lack of regulation pose several hazards for investors in virtual currencies like bitcoin, state regulators warn.
FINRA Reverses Schwab Class Action Waiver Decision
Schwab violated FINRA rules by including class action waivers in customer account agreements, FINRA said.