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.
SEC to Help Investors With Background Checks; Clayton Eying Choice Act Progress
A Choice Act provision giving new rights to defendants in SEC actions is expected to be popular.
FSI Shares Views, Case Studies on Outside Business Activities
More input from independent advisors and brokers-dealers is also sought by the Financial Services Institute.
Wall Street’s Trade Group Chides FINRA for Regulation by Enforcement
SIFMA also criticizes FINRA for not gathering enough cost-benefit data, "resulting in unworkable or unnecessarily costly rules."