Regulatory & Compliance (359)
Axa Slapped with $20M Fine
- Saturday, 22 March 2014
- Regulatory & Compliance
- Written by PFA News
The New York Department of Financial Services has hit Axa with a $20 million fine after claiming the firm failed to notify the regulator of making significant changes to an annuity product. So reports Bloomberg.
Read more...DOL Considering Fee Disclosure Guide for Retirement Plan Clients
- Saturday, 22 March 2014
- Regulatory & Compliance
- Written by PFA News
The Department of Labor is receiving public comments and conducting focus groups to assess if it should develop a guide for how retirement plan advisors should disclose their fees to make the information easy to understand. So reports Pensions & Investments.
Read more...Finra Has Long-Term Plans to Gain Oversight of Advisors?
- Friday, 14 March 2014
- Regulatory & Compliance
- Written by PFA News
Recent executive appointments at the Financial Industry Regulatory Authority are fueling speculation that the regulator has its eyes set on the long-term goal of gaining regulatory authority over investment advisors. So reports FinancialAdvisor.
Read more...SEC Signs Technology Contract to Help Spot Fraud
- Saturday, 08 March 2014
- Regulatory & Compliance
- Written by PFA News
The Securities and Exchange Commission has signed a $13 million deal with Palantir Technologies to ramp up its efforts to crunch massive amounts of data as it searches for insider trading and other illegal types of activities. So reports Reuters.
Read more...Most SEC Commissioners Still Undecided over Fiduciary Standard
- Saturday, 01 March 2014
- Regulatory & Compliance
- Written by PFA News
Among Securities and Exchange Commissioners, four of five remain are undecided on whether a fiduciary standard should be applied to brokers. So reports Financial Advisor.
Read more...Brokers May Already Be Fiduciaries Under State Laws
- Saturday, 22 February 2014
- Regulatory & Compliance
- Written by PFA News
State regulations may already being holding brokers to a fiduciary standard. So reports the Journal of Financial Planning.
Read more...SEC Appoints First Head of Office of Investor Advocate
- Saturday, 22 February 2014
- Regulatory & Compliance
- Written by PFA News
Rick Fleming, who most recently serviced as deputy general counsel for the North American Securities Administrators Association, has been selected to head up the Securities and Exchange Commission’s Office of Investor Advocate. So reports ThinkAdvisor.
Read more...Beware When Advertising Recent Performance
- Saturday, 22 February 2014
- Regulatory & Compliance
- Written by PFA News
Advisors may easily run afoul of regulators when advertising performance numbers for the five-year period that will end in March. So reports Reuters.
Read more...SEC Hirers Ex-FINRA Exec as Broker Watchdog
- Sunday, 16 February 2014
- Regulatory & Compliance
- Written by PFA News
The Securities and Exchange Commission has reportedly hired former Financial Industry Regulatory Authority executive Stephen Luparello to head up the Trading and Markets Division, which provides oversight of brokerages, exchanges and clearing firms. So reports Bloomberg Businessweek.
Read more...Cincinnati Advisor Pleads Guilty to Ponzi Scam
- Saturday, 08 February 2014
- Regulatory & Compliance
- Written by PFA News
Glen Galemmo, a former investment advisor in the Walnut Hills area of Cincinnati, has pleaded guilty to conducting a Ponzi scam. So reports WCPO Cincinnati.
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