Regulatory & Compliance (359)
SEC to Increase Exams This Year
- Friday, 16 March 2018
- Regulatory & Compliance
- Written by PFA News
An internal reorganization with the Securities and Exchange Commission is allowing the regulator to increase the number of advisors that it subjects to examinations this year. So reports Financial Planning. Read more...
Rules to Protect Seniors Go Live
- Sunday, 18 February 2018
- Regulatory & Compliance
- Written by PFA News
Two new rules intended to protect seniors went live earlier this month. With that, financial firms must now make "reasonable efforts" to get information for trusted contact persons on behalf of clients. So reports ThinkAdvisor.
Read more...Advisor Jailed for Stealing from Elderly Blind Woman
- Saturday, 20 January 2018
- Regulatory & Compliance
- Written by PFA News
Jeffrey Lewis, who is a former financial planner, has been sentenced to 33 months in prison for stealing $455,000 from a 94-year-old blind woman in Mercer County. So reports the Pittsburgh Post-Gazette. Read more...
Stock Broker Charged with IPO Kickback Scam
- Friday, 05 January 2018
- Regulatory & Compliance
- Written by PFA News
Brian Hirsch has received more than $1 million in kickbacks in exchange for providing clients with preferential access to lucrative initial public offerings, according to allegations by the Securities and Exchange Commission. So reports LeapRate.
Read more...FINRA to Improve Transparency
- Friday, 05 January 2018
- Regulatory & Compliance
- Written by PFA News
The Financial Industry Regulatory Authority will start sharing its budgets and guiding principles in an effort to improve transparency. So reports ThinkAdvisor. Read more...
Scammers Use Identity Theft to Steal $20M in Retirement Assets
- Friday, 08 December 2017
- Regulatory & Compliance
- Written by PFA News
Regulators have seized $300,000 in assets from suspects who are believed to have committed identify theft to steal $2 million from retirement plans that used Great West as a recordkeeper. So reports The Denver Post. Read more...
Fiduciary Rule Could Increase Portfolio Outsourcing
- Saturday, 28 October 2017
- Regulatory & Compliance
- Written by PFA News
According to a recent Cerulli Associates report, advisors affiliated with independent broker dealers are likely to increase their outsourcing of portfolio management to home offices to help manage liabilities that may be associated with the Fiduciary Standard. So reports Insurance Net News.
Read more...Rep. Ann Wagner Propose Alternative to DoL Regulation
- Saturday, 30 September 2017
- Regulatory & Compliance
- Written by PFA News
Republican Rep. Ann Wagner of Missouri has introduced legislation that would create a new standard for advisors that would fall somewhat between fiduciary and suitability requirements. So reports InsuranceNewsNet.
Read more...FINRA Issues Social Media Guidance
- Monday, 19 June 2017
- Regulatory & Compliance
- Written by PFA News
Firms that provide hyperlinks to other firms’ content or news publications have “adopted” the content, which triggers a variety of recordkeeping and document retention requirements, according to recent FINRA guidance. So reports Forbes. Read more...
Nevada Passes Fiduciary Standard
- Monday, 19 June 2017
- Regulatory & Compliance
- Written by PFA News
Nevada has passed a bill requiring brokers, advisors and sales representatives to adhere to a fiduciary standard. So reports Insurancenewsnet.
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