FSI Taps New Board Members, Leadership for 2018
Dean Harman, CEO of Harman Wealth Management, will be the second financial advisor to chair the group of indie reps and broker-dealers.
Lawmaker Fears Unfair Fintech Biz Lending Practices
Rep. Emanuel Cleaver, D-Mo., said that he fears that some fintech companies are discriminating against minorities and taking advantage of borrowers.
SEC Moving Forward on Fiduciary Rule, Clayton Says
The SEC chairman tells Congress that he will coordinate the agency’s fiduciary rule with Labor’s version.
Summer Tax Scams in Full Swing, IRS Warns
Tax pros are also being warned of phishing emails seeking extensive amounts of sensitive preparer data.
Advisor Gets 2 Years in Prison for Cherry-Picking Scheme
SEC 10b-5 charges to allow for criminal prosecution appear to have influenced the decision.
3 Big DOL Fiduciary Pain Points for Advisors
An Aite Group survey of advisors asks how difficult they think various tasks will be under the fiduciary rule.
NASAA Mulls Model Cybersecurity Rule for Investment Advisors
NASAA is also developing cyber guidance and a checklist for small advisory firms to assess their cyber preparedness.
How DOL Fiduciary Rule Can Boost Advisors’ Profits: The Ethics Guy
Bruce Weinstein, “The Ethics Guy,” tells ThinkAdvisor why advisors who behave ethically are more profitable.
SEC Charges Immigration Attorney With Defrauding EB-5 Investors: Enforcement
In other actions, a court orders insider trading defendant Believe Lin to pay nearly $7.3 million after finding him in contempt.
How to Avoid Failure to Supervise
“Supervision” is one of those compliance buzzwords that gets tossed around like its meaning is obvious. I submit to you that it is not.