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Employment stress leads to boost in arbitration cases
'If there are layoffs, arbitration naturally follows,' says George Friedman, editor of the Securities Arbitration Alert.
Navigating the waters of IAR continuing education compliance
It's crucial for investment advisors to recognize the consequences of failing to meet their annual continuing education obligations.
What is the ‘basis trade’ and why is the SEC concerned?
The space is dominated by only a few hedge funds, and that could be risky.
Finra orders brokerage, former rep to pay $1 million for bad private placements
Claimants alleged fraud, elder abuse, and breach of contract and fiduciary duty.
Finra charges advisor with paying under the table commissions
Finra alleges a southern California broker kicked back $900,000 in commissions to non-registered sales person.
New tool enables certification of SEC Names Rule compliance
Fintech says its solution provides greater scrutiny of ESG claims.
Finra smacks Philly broker with Wells notice
"It's not a good day for Austin Dutton," says one attorney.
Private securities investor threshold needs a rethink, warns advisor
Inflation, retirement savings growth expand pool of sophisticated investors, according to SEC Report.
‘Ponzi-like’ private placement mess GPB slides into receivership
GPB's founder was an accountant who couldn't do the firm's accounting.
Bipartisan lawmakers bash Finra
Finra CEO Robert W. Cook defended the broker-dealer self-regulator, citing efforts to rein in firms with long disciplinary histories and protect senior investors.
Want to roll a Roth IRA over to a Roth 401(k)? You can’t, yet
Congress is trying to address the incompatibility of the accounts as state auto-IRA programs proliferate.
DOL hearing parses intersection of ‘best interest’ and annuity sales
'It’s crystal clear for the prospective client that the insurance producer is selling,' says an insurance industry representative.
Fed opens the door to rate cuts
After a relentless stock rally, central bank makes its final policy announcement of 2023.
House passes bill to halt ‘bureaucratic’ agency rulemaking
The legislation is unlikely to get the president's signature, and it probably couldn't stop the DOL's fiduciary rule.
Industry opponents call on DOL to withdraw retirement advice proposal
On day one of public hearing, critics argue potential new measure will alienate some clients and is 'overbroad, unnecessary and inconsistent.'
Private equity investors positive on AI, SEC’s private funds rules
LPs are using the technology more and also keen to invest in AI firms.
Fiduciaries must show they can serve Main Street investors to win DOL rule debate
'They’re making x dollars in a brokerage account,' says advisor. 'Just charge the client x but give them fiduciary advice for that x.'
Will rising interest rates spark SEC crackdown?
Some broker-dealers are 'in a bit of a pickle' due to how they invested client cash, industry executive says.
Finra tried to ban firm for 60,000% fee hike. It hasn’t been easy
Alpine Securities' appeal of Finra's ban could threaten a web of self-regulatory organizations that oversee broad swaths of the U.S. economy.
Panel suggests SEC use existing rules to address advisor AI conflicts
'You don’t need to reinvent the wheel here. You’ve got the building blocks to address [AI and predictive data analytics] concerns,' says a member of the advisory committee.