BDs’ Comments Lead FINRA to Update Communication, Gift Rules
BDs request further guidance, updates on the two rules; FINRA's retrospective review process is ongoing.
SEC Wants Pre-Trade Prices Made Public
SEC Chairwoman Mary Jo White is asking for public pre-trade prices to be distributed and for dealers to be more transparent.
Top 10 Investor Threats for 2012: Some New, Some Old
NASAA’s annual list of financial products and practices that threaten to trap unwary investors has been broken into two parts this year: new threats and persistent (or old) threats.
Forget the TAMP, Pt. 1: It’s Time for the TFPP
The inspiration for today's blog post is the recent announcement that LPL Financial has acquired Veritat. A new option is beginning to emerge: the Turnkey Financial Planning Program.
Resolved: FINRA Should Review These 10 Outdated Rules
FINRA should heed the advice of a recent GAO report and revisit these rules, which the authors humbly suggest either no longer work as intended, or have effectively been replaced by other rules or guidance.
In response to the GAO recommendation,
SEC Forms New Investor Advisory Committee
The SEC announced the makeup of its new Investor Advisory Committee, a Dodd-Frank requirement. Among its members: Mellody Hobson of Ariel, Steven Wallman of Foliofn, and Barbara Roper of the CFA.
SEC Cites Problems in Structured Securities Sales, Marketing
Procedures designed to protect retail investors from the purchase of unsuitable structured securities products might have been inadequate or missing, according to a report issued by SEC staff on Wednesday.