State Regulator Goes After Unregistered Rep, Fines Funds $250,000
Massachusetts says 144 residents, mainly seniors, were sold "risky securities."
Experts Take Aim at DOL Fiduciary Redraft
One ERISA lawyer perhaps said it best after digesting the Department of Labor's recently released 700-page fiduciary redraft: “There is so much to say. I don't know where to begin.”
An SEC Broker Fiduciary Standard May Undermine the ’40 Act
In my March 25 blog on ThinkAdvisor.com, “Will She or Won't She? Mary Jo White and the Broker Fiduciary Standard,” I voiced some concerns about SEC Chairwoman White's recent remarks at SIFMA's Legal and Compliance Seminar in Phoenix pertaining to the SEC's plans to move forward with a fiduciary standard...
5 Key Issues for a Succession Plan
In recent statements, SEC Chairwoman Mary Jo White has indicated that some requirement for succession planning will be incorporated into the much-heralded and anticipated uniform fiduciary duty rule being crafted by commission staff.
The Age of Financial Secrecy Is Ending
Transparency is here, like it or not.
FINRA’s Ketchum Criticizes DOL Fiduciary Plan
FINRA CEO says DOL's safe harbor descriptions are "narrow" for BDs and that the CARDS plan is on hold until security concerns are addressed.
SEC Urged to Beef Up FINRA Oversight: GAO
SEC is falling short on supervision of the self-regulator in three areas, GAO says.
Blowing the Whistle? SEC Has Your Back, Chief White Says
"We have seen enough to know that whistleblowers increase our efficiency and conserve our scarce resources," SEC Chief White said.
Enforcement: FINRA Fines Fidelity for Overcharging Customers
Meanwhile, the New York Attorney General fined a children's fund board after a trustee misused money to buy himself a home in the Hamptons.
SEC Announces Compliance Outreach Seminars
The seminars will cover hot-button issues like cybersecurity, retirement planning and dual registrants.