Dale Brown
Dale E. Brown is president and CEO of the Financial Services Institute. Twitter: @FSIDaleBrown
Dale E. Brown is president and CEO of the Financial Services Institute. Twitter: @FSIDaleBrown
By taking five steps, firms and their advisers can make sure they have addressed the corporate culture indicators on Finra's radar.
One of the most intractable issues facing the advisory business is the severe imbalance in examination frequency between broker-dealers and RIAs.
Group has established a resource center on state laws and agencies to help vulnerable clients.
Not only would state-run plans undermine existing healthy competitive private markets for retirement plan products and services, but they are not be a good deal for American workers.
Too complex and cumbersome, provision would exclude investments such as alternatives from list of options.
Proposal would force RIAs to comply with both the SEC standard and Labor Department's rule, FSI says.
The vigilance of the network of advisers, broker-dealers, clearing firms, product makers and others is needed to keep criminals at bay.
Commission-based model is crucial for the financial well-being of investors of moderate means.
Proposed rule represents a fundamentally flawed rethinking of the way that retirement advice, products and services are delivered to investors, and would have profound negative consequences for registered reps and RIAs.
No financial adviser can afford the reputational damage or loss of client confidence that can result from a serious cybersecurity failure. And no investor deserves to have his or her private data compromised.
