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.
Securities America Wraps Up $2.5B Insurance Acquisition
The latest deal brings the IBD to more than 200 advisors and an OSJ that sells variable insurance products.
Securities America Buys BD Assets From Kansas City Life
The deal with Sunset Financial Services Inc. is expected to add 268 reps and about $2.4 billion in client assets to Securities America.
20 Best & Worst Fund Families of 2013
The top performer saw $75 billion pour in last year, while the weakest performer had more than $30 billion in outflows.
FINRA Updates Guidance on Communications With Public
FINRA released in early January an updated set of questions and answers on its new rule on communications with the public.
In FSI Testimony Before Congress on SRO, a Call for a Level Regulatory Field
In voicing support for HR 4624, FSI believes an advisor SRO will close an unacceptable regulatory gap that leaves investors exposed to potential fraud and abuse at the hands of unscrupulous investment advisors.
SEC’s Rominger: Agency Studying Mutual Fund Shareholder Reports, Financial Literacy
The SEC's study on financial literacy will help SEC in rulemaking on point of sale disclosures of an investment product or service, Rominger says