Rethinking Best Practices for Fiduciaries
Back in 2007, in what can best be described as a classic “David versus Goliath” victory, the FPA won a lawsuit against the SEC preventing it from expanding the “broker exemption.”
How to Fix the SEC Exam Process
The Securities and Exchange Commission's examination process is broken — always has been and unfortunately continues to be.
DOL Fiduciary Rule Nears the Finish Line
As 2015 drew to a close, intense debate continued regarding the DOL's planned release in the first half of 2016 of its rule to amend the definition of fiduciary under ERISA.
Experts: ‘Post-DOL World’ Is Coming
The FSI left attendees of the Financial Advisor Summit with a sober reminder of what lies ahead: a final version of DOL's new fiduciary rule is expected in early 2016.
Galvin Asks Banks to Do More to Prevent Elder Financial Abuse
The regulator asks 190 financial firms to train staffers and implement protocols for better protection of senior clients.
SEC Enforcement: Ex-Edward Jones Broker Used Client Real Estate Investments to Remodel House
Meanwhile, SEC fined a political intelligence firm for mishandling nonpublic info from Medicare and the FDA.
Third-Party Advisor Audits Could Be a Disaster: Norm Champ
Champ, a former SEC Investment Manangement director, looks at other cases in which SEC outsourced its authority with "disastrous results."
What's Worse Than the SEC's Revolving Door?
The problem: How to get qualified nominees with expertise in areas relevant to regulating capital markets and publicly traded corporate entities to be SEC Commissioners?
Currency Spoofing Is Said to Be in New York’s Crosshairs
Attorney General Schneiderman's office said to be investigating placing of fake foreign-exchange orders, known as "spoofing" or "ghosting."
DOL Fiduciary Rule Is ‘Biggest Change That We’ll Go Through’: Pershing
The real impact of the rule won't be felt immediately, Pershing’s John Brett says, but two to five years after it takes effect.