Advisors Take Note: Compliance Officers Are Watching
Yet only 51% of compliance officers in a Schwab survey said they were very confident that their monitoring policies were effective.
Final DOL Rule Could Place Indexed Annuities Under Variable Umbrella
Advisors should thus ensure that sales practices comply with the rules.
SEC’s Aguilar to Leave by Year End
SEC Commissioner Luis Aguilar announced that he will be leaving his post by the end of December.
SEC Fines Virtus $16.5M for Failing to Probe F-Squared’s False Performance Claims
During the time Virtus used the false and misleading ads, its AlphaSector fund assets grew from $191 million to $11.5 billion, according to the SEC.
AR Capital to Stop New Issues, Cetera Suspends Related Product Sales
Atmosphere at Schorsch-founded entities continues to deteriorate days after regulators announced a fraud investigation of RCS Capital.
DOL Releases Proposal, Guidance on State-Run Retirement Plans
DOL released a proposed rule and interpretive bulletin to help guide states in developing state-run retirement plans.
Scottrade to Pay $2.6M FINRA Fine Over Email Retention Failures
Scottrade failed to adhere to federal securities and FINRA rules under the 'Write-Once, Read-Many' or WORM format
10 Ex-Deutsche Bank, Barclays Traders Charged in Euribor Probe
High-profile trader Christian Bittar is among those accused of conspiracy to manipulate the benchmark.
Slim Chance to Stop DOL Fiduciary Rule, but Brokers Must Keep Fighting: Rep. Mulvaney
Mulvaney told Commonwealth reps to tell senators that “we will no longer be able to serve middle-class people who need us the most.”
FINRA Enforcement: 3 Firms Fined for Failures in Research Disclosure
In one instance, a member of the firm’s sales force was provided the entire draft of a research report prior to publication.