Regulatory & Compliance

Regulatory & Compliance (245)

Investor Safeguards Upheld by Supreme Court

The U.S. Court of Appeals has upheld a ruling by the Securities and Exchange Commission that determined that Francis Lorenzo was responsible for defrauding investors by sending emails seeking funding for a bogus waste-to-energy company. So reports Reuters.


Senator Proposes Additional Restriction on Insider Trading

Sen. Chris Van Hollen of Maryland is preparing legislation that would instruct the SEC to study the merits of a potential rule that would prevent corporate insiders from selling stock within a specified time period after stock buybacks have been announced. So reports CNBC.


Hawaii Senator Propose Tax on Equity Trades


Senator Brian Schatz of Hawaii has introduced legislation that would impose a financial transaction tax that would raise nearly $800 billion over a decade. So reports Vox.


The Undiscussed Benefits of the Fiduciary Standard

Both sides of the debate regarding extending the fiduciary standard to all advisors are probably overstating the consequences of regulators either not enacting the rule of rejecting it.


Client Accuses Ron Carson’s Firm of Charging Excessive Fees

An investor is claiming that the actions of Ron Carlson’s firm, Carson Wealth of Omaha, Nebraska, resulted in the individuals paying $500,000 in excessive fees. So reports Financial Planning.


Big Insurers Tried to Weaken NY State Investor Protection Rule

A host of insurers tried to weaken a proposed rule revision by New York state that would protect consumer from inappropriate sales practices involving retirement savings products. So reports Politico.


Gov't Shutdown Could Delay Regulation Best Interest

The Securities and Exchange Commission’s work on creating Regulation Best Interest could be delayed because the regulator is operating with limited staff as a result of the government shutdown. So reports Advisor News.


SEC Cracks Down on Robo-Advisers

The SEC has fined Wealthfront Advisors $250,000 and Hedgeable $80,000 after alleging that the two robo-advisers made misleading statements. So reports Reuters. Read more...

Advisor Sentenced to 15 Years for Fraud

Darrell Smith, a former Iowa investment advisor, will spend nearly 15 years in federal prison for stealing $2.4 million from clients in order to finance operations of an ethanol plant. So reports Financial Planning. Read more...

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