Mass. Checks Out How BDs Treat Older Investors
Massachusetts securities regulator William Galvin is sweeping 162 Massachusetts BDs to gauge the number of complaints from older investors and how BDs resolve them.
The Case for a New Advisor Designation: ‘Fiduciary-Only' Advisors
“Fiduciary-Only” advisors would create a new level of trust between retail investors and advisors — and become the next “powerful marketing tool.”
DOL Fiduciary Survey ‘Bogus,’ Advocate Warns Lawmakers
Foes of a revised DOL fiduciary rule are using a survey showing a harmful impact to win senators to their side, an industry official says.
House Panel Passes Cybersecurity Bills
The House Committee on Homeland Security passed three bipartisan cybersecurity-related bills late Monday.
Harbinger Capital COO to Pay SEC Fine Over Falcone Scheme
Peter Jenson admits wrongdoing in scheme to misappropriate millions from a hedge fund they managed to pay Falcone’s personal taxes.
Beyond Termination Fees: How Advisors Charge Clients to Fire Them
While advisors occasionally charge termination fees, FireMyAdvisor co-founder Dave Dickinson says that’s not the only method advisors use to hold on to unhappy clients.
4 Ways to Spot Social Media Investing Scams: SEC
SEC warns in a recent investor alert that social media can be a hotbed for stock schemes.
Variable Annuities a Top Source of Customer Complaints: FINRA
Two top officials at the Financial Industry Regulatory Authority and the Securities and Exchange Commission recently highlighted their concerns regarding annuities.
Dodd-Frank: Four Years Later
As the fourth anniversary of the Dodd-Frank Act's passage into law hit in late July, regulators and lawmakers aired their opinions about how the financial reform law is working—or not.
Personal Securities Reporting: Push Back at Your Peril
Your spouse or parents may need to report certain securities they hold to your compliance officer. Failure to do so may get you fired.