News Roundup (677)
RIA M&A Activity Sags
- Saturday, 19 October 2013
- News Roundup
- Written by PFA News
Merger and acquisition activity among registered investment advisors (RIAs) has declined sharply, with Pershing Advisor Solutions tracking only 12 deals in the first half of this year compared to 22 in the second half of last year. So reports Wealth Management.
Read more...SEC Slaps Two Brokers Over Trade Execution
- Saturday, 12 October 2013
- News Roundup
- Written by PFA News
The SEC has sanctioned A.R. Schmeidler & Co., Inc., a dually registered broker-dealer and investment adviser, for failing to analyze if modifications to its fee structure with a clearing firm would influence if it was obtaining best execution for clients. So reports Lexology.
Read more...TIAA-CREF to Ramp Up Financial Planning Services
- Saturday, 12 October 2013
- News Roundup
- Written by Chris Frankie
TIAA-CREF plans to add more than 200 advisors to its ranks of financial planners by the end of next year. So reports benefitspro.
Read more...FPA Reports Budget Surplus
- Saturday, 12 October 2013
- News Roundup
- Written by PFA News
The Financial Planning Association’s budget for fiscal year 2012-2013 has a $1.4 million surplus. Therefore, the organization will not need to raise revenues with conferences or sponsors, reports Financial Standard.
Read more...Online Brokers Step Up Efforts to Lure Millennials
- Saturday, 12 October 2013
- News Roundup
- Written by PFA News
Fidelty, TD Ameritrade and other online brokers are using new technology, education services and social networking to encourage Millennials, or those born between 1981 and 2000, to invest in equities. So reports USA Today.
Read more...Government Shutdown Leaves CFTC Unable to Police Markets
- Saturday, 12 October 2013
- News Roundup
- Written by PFA News
Commodity Futures Trading Commission Chairman Gary Gensler said last week that the government shutdown has reduced his staff from 680 to just 20, leaving him unable to supervise the markets. So reports Financial Advisor.
Read more...Fiduciary Standard Vote Postponed Due to Shutdown
- Sunday, 06 October 2013
- News Roundup
- Written by PFA News
Due to the federal government shutdown, the Investor Advisor Committee for the Securities and Exchange Commission has canceled a meeting scheduled that was to include a vote on endorsing the fiduciary rule proposal. So reports Financial Advisor.
Read more...Broker Who Sold Failed Securities Awarded $4.3M
- Saturday, 28 September 2013
- News Roundup
- Written by PFA News
The Financial Industry Regulatory Authority has ruled that Los Angeles-based Wedbush Securities must pay an advisor $4.3 million who sold mortgage-backed securities that eventually failed. So reports Reuters.
Read more...Deal-making to Create RIA Powerhouses
- Saturday, 28 September 2013
- News Roundup
- Written by PFA News
The next phase of industry consolidation will create regional RIA powerhouses as competition in the industry heats up. So reports Financial Planning.com.
Read more...Ex-Advisor Fined for Ripping off Charities
- Saturday, 28 September 2013
- News Roundup
- Written by PFA News
Former Tucson advisor James Murphy has paid a $150,000 fine and $47,000 in restitution after stealing money from charitable organizations. So reports the Arizona Daily Star.
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