NASCAR-Related Index Fund Shut Down After SEC Scrutiny
By Melanie WaddellThe SEC's Asset Management Unit charged David Dube and his firm, Peak Wealth Opportunities, on Friday with failing to provide examiners with records of a mutual fund advisory business that invested in NASCAR-related stocks.
August 08, 2012
Going for Gold: Rep. Bachus Wins the Prize for Fuzzy Thinking on RIA SROCongressman Bachus WSJ piece on the benefits of an SRO for advisors sets what might be a world record for faulty assumptions, wrong conclusions and inaccuracies.
August 08, 2012
Regulatory Compliance Adds Partner ProgramRegulatory Compliance has introduced a service intended to streamline service offerings for clients in a clear, logical manner so that they can stay on top of regulatory deadlines and filings.
August 07, 2012
Genworth Launches Trust Business for Indie AdvisorsAdvisors worried about losing client assets to corporate trustees seek relationships with firms who will support their primary relationship with clients, says Genworths Brad Wheeler.
August 07, 2012
Savvy Advisors Are Turning to ETFsThe latest AdvisorBenchmaking report found that 54% of advisors are likely to increase their use of ETFs in the near future.
August 03, 2012
Tibergien on Advisor M&A Trends: Expect More DealsCommenting on findings of Pershing Real Deals report on advisor M&A, Pershing Advisor Solutions CEO sees a re-emergence of strategic buyers and suggests the RIA business may evolve to resemble the accounting industry.
August 02, 2012
LPL Grabs Russo’s Advantage Financial, $2 Billion in Assets From NPCRusso described the move of 63 advisors to LPL from NPC as a process that Advantage Financial undertook as it created a philosophy reflecting the strong currents that are sweeping through the industry.
August 02, 2012
SEC, FINRA Enforcement Roundup: Bristol-Myers Squibb Exec ChargedThere was an international flavor to some of the recent actions taken by the SEC and FINRA, including freezing $38 million in assets in an international insider trading case and charges involving a Chinese reverse merger company.