SEC Enforcement: Ohio Advisor Hid Shortfall in Client Assets
Meanwhile, the SEC charged a hedge fund advisory firm and its execs with faking earnings.
Expect Volatility as 4 Big Economic Reports Collide: LPL’s Canally
This week brings four major market-moving reports, a rare confluence that John Canally says can mean 20% more market volatility.
DOL Fiduciary Plan Could Hurt Workers Changing Jobs: Study
The DOL fiduciary proposal could lead more workers, particularly lower earners, to cash out their retirement plans by barring them from advice, Quantria Strategies says.
SEC, DOL, FINRA Enforcement: SAC Capital Could Plead Guilty
Among other recent enforcement actions, DOL retrieved $1.6 million for Sunkist employees and FINRA fined and censured Scottrade.
Thornburg, fi360 Team Up for Fiduciary Training Symposium
Thornburg's symposium featured the fi360 AIF capstone course and exam. What are your thoughts on fiduciary responsibility? Please take the AdvisorOne-fi360 Fiduciary Survey, which closes today.
The Disclosure Paradox: How Much Information Is Too Much?
Too much information can be as harmful to retirement plan decisions as too little.
SIFMA CEO Tim Ryan Leaves for JPMorgan
Tim Ryan, SIFMA president and CEO, resigned Tuesday after being named global head of regulatory policy and strategy at JPMorgan Chase.
New Hire Roundup: New National Segment Leaders at Mercer Hammond
This week in new hires, Mercer Hammond named three new national segment leaders, National Advisors Trust brought in Joseph Morsman, and BKD Wealth Advisors announced internal promotions.
SEC, DOL Enforcement Roundup: CDO Woes, Short-Selling Brothers, Amish Fund
Recent actions by the SEC and DOL included fines of $127.5 million for a securities firm over false CDO credit ratings and $14.5 million for two short-selling brothers, along with deferred prosecution for an Amish fund.
New Hire Roundup–Securities America Promotes Hulett; Hendrickson Joins HSBC
This week in new hires, Securities America announced officer promotions and Damion Hendrickson joined HSBC.