SEC, FINRA, DOL Enforcement Roundup: Investment Advice From the Heavens
By Marlene Y. SatterRecent enforcement actions included an astrology-based Ponzi scheme, along with fines for Morgan Keegan, Edward Jones and Janney Montgomery Scott.
June 15, 2012
CFPB Launches Fact-Finding Mission on Elder AbuseAs the White House was holding a symposium Thursday to raise awareness of elder abuse, the director of the CFPB issued a request for information on best practices for elder financial management.
June 14, 2012
SRO Bill May See July Vote; SEC Gets Glint of Hope for Extra FundsDespite the fact that a late June markup of Rep. Spencer Bachus SRO bill was delayed, he still intends to move the bill forward through committee, says Dan Barry of FPA.
June 13, 2012
SEC Answers Questions on Form for Advisors With Private Fund AssetsThe SEC has posted responses to frequently asked questions about the implementation of Rule 204(b)-1 and the new Form PF under the Investment Advisers Act of 1940.
June 13, 2012
Raymond James, LPL Add Morgan Stanley Advisors as MSSB Grabs Wells TeamTwo teams leave Morgan Stanley to go independent, while another chooses to keep its employee status.
June 12, 2012
Boomerang: Will FINRA Oversight Force RIAs to the Next Level?Mark Hurley's prediction that the RIA community will consolidate into 40 to 50 mega-firms may be effected by FINRA taking oversight of advisors. Maybe that's not a bad thing?
June 11, 2012
A Guru, a President and Pershing Execs Talk Tech and Leadership: Insite RecapA look at the highlights of the Pershing Insite 2012 conference, focusing on leadership and strategy, from Bill Clinton to Pershing CEO Brian Shea, from leadership guru Deepak Chopra to advisor guru Mark Tibergien.
June 08, 2012
Pershing Co-CIO Announces 3 Big Technology InitiativesLucille Mayer steps into Suresh Kumars shoes and touts NetX360 for end clients, next-gen managed accounts and complete business solutions.