Regulatory & Compliance (359)
NASAA Group to Scrutinize Broker Fee Disclosures
- Sunday, 21 September 2014
- Regulatory & Compliance
- Written by PFA News
The North American Securities Administrators Association, which consists of state securities regulators, has convened a working group to develop model disclosures that brokers can use to make information regarding fees easier for investors to understand. So reports ThinkAdvisor.
Read more...SEC Considering Additional Fund Rules
- Friday, 12 September 2014
- Regulatory & Compliance
- Written by PFA News
The Securities and Exchange Commission is considering developing rules that would require mutual funds and hedge funds to be subjected to stress tests and increase portfolio disclosures that fund firms must provide. So reports Reuters.
Read more...SEC Chair: Agency's Emphasis on Mandatory Rule Changes
- Friday, 12 September 2014
- Regulatory & Compliance
- Written by PFA News
Securities and Exchange Commission Chairwoman Mary Jo White says the regulator’s focus is on creating new rules as required by Dodd-Frank legislation and the JOBs Act. However, deciding if a universal fiduciary standard should be adopted is also a priority. So reports ThinkAdvisor.
Read more...CFP Board Demands Advisors’ Client Lists
- Thursday, 28 August 2014
- Regulatory & Compliance
- Written by PFA News
The CFP Board is taking legal action to force Fleming Island, Florida, based advisors Jeffrey and Kimberly Camarda to provide client names and addresses as part of an ongoing dispute. At issue is whether the two have improperly claimed to be fee-only advisors. So reports Financial Planning.
Read more...SEC Launches Wrap-Program Sweep
- Thursday, 28 August 2014
- Regulatory & Compliance
- Written by PFA News
The Securities and Exchange Commission has asked firms to provide records pertaining to wrap-fee programs. The regulator is evaluating if firms are complying with federal regulations. So reports Reuters.
Read more...Oppenheimer Holdings Under Regulators’ Microscopes
- Friday, 08 August 2014
- Regulatory & Compliance
- Written by PFA News
Broker-dealer Oppenheimer Holdings has disclosed that it is under investigation by three different regulators for matters related to money laundering, penny stock sales, record keeping and supervising of a former broker. So reports Reuters.
Read more...Advisor Slapped with $15 Million Fine for Cherry Picking Trades
- Friday, 08 August 2014
- Regulatory & Compliance
- Written by PFA News
J.S. Oliver Capital Management of San Diego has been hit with a $15 million fine over charges by the Securities and Exchange Commission that it cherry picked trades and misappropriated clients’ money. So reports the Associated Press.
Read more...FINRA Fines Greatly Outpacing 2013 Rate
- Friday, 08 August 2014
- Regulatory & Compliance
- Written by PFA News
An analysis by Sutherland, Asbill and Brennan LLP has concluded that the Financial Industry Regulatory Authority this year has been imposing fines at a rate that greatly exceeds the pace of 2013. So reports Financial Advisor.
Read more...SEC Outlines Priorities for Broker Exams
- Thursday, 24 July 2014
- Regulatory & Compliance
- Written by PFA News
The Securities and Exchange Commission is likely to focus its exams next year on brokers with a history of regulatory problems and on the selling of mutual funds with high fees. So reports Reuters.
Read more...SEC Appoints Chief Economist
- Thursday, 24 July 2014
- Regulatory & Compliance
- Written by PFA News
The Securities and Exchange Commission has appointed Mark J. Flannery as its chief economist and director of the Division of Economic and Risk Analysis. So reports Law360.
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