Should Brokers Be Forced to Disclose Their Bonuses to Clients?
By Gil WeinreichSEC Chairwoman Mary Schapiro in 2009 wrote a letter to broker-dealer CEOs warning them about recruiting brokers with high upfront bonuses.
October 25, 2012
Principles vs. Rules: The Fiduciary Debate in a NutshellAt TD Ameritrade conference, CFA's Roper, IAA's Tittsworth and SIFMA's Carroll agree, disagree and look ahead at fiduciary standard, SRO for RIAs.
October 25, 2012
SEC, FINRA Enforcement Roundup: Cantor Fitzgerald Hit by FINRAAmong recent SEC and FINRA actions were Cantor Fitzgerald being censured and fined and FINRA imposing a $14 million settlement on a Hong Kong-based firm charged with insider trading.
October 24, 2012
LPL Grabs $175M Team From SagePointThe 19-member group is based in Southern California and focuses on boomers, as well as members of Gen X and Y.
October 23, 2012
TD’s Nally: HNW Investors Choosing RIAs Because of Fiduciary StandardBut TD Ameritrade custodial unit's president warns that a watered-down fiduciary standard will strip RIAs of a competitive edge.
October 23, 2012
SIFMA’s Ryan Renews Dodd-Frank Support but Scoffs at Volcker RuleNo one can be happy with where reform stands, said Ryan on Tuesday at SIFMA's annual meeting in New York. Chairman Chet Helck spoke about the emotional side of the beleaguered finance industry.
October 22, 2012
FINRA Suspends David Lerner, Forces $12M Payback on Apple REITsLerner, the CEO and president, misled customers, calling the Apple REITs a fabulous cash cow and a gold mine, FINRA says.
October 19, 2012
SEC Says 1,504 Advisors to Hedge Funds, Private Funds Now SEC-RegisteredIncluding the 2,557 private fund advisors who had registered previously, a total of 4,061 advisors to one or more private funds are now registered with the SEC.