Finra wants broker-dealers that sell risky Regulation D private placements to engage in a more vigorous due diligence process, “pushing and pulling” for information about the products, according to Richard Ketchum, chairman and chief executive of the Financial Industry Regulatory Authority Inc.
In what can only be viewed as a surprise outcome, an independent broker-dealer has won a rare legal victory in the continuing scrum over private placements that has forced several broker-dealers to shut down
O'Hanley says expense will 'pop up' somewhere else; whack-a-mole for the SEC?
Growth-at-a-reasonable-price investment strategy up 14.5% for Brian Lazorishak so far this year
Tuition at Leysin American School in the Swiss Alps is $72K a year, but at least the skiing's good
Ten months after the death of its former chief executive, wealth management firm Rockefeller Financial today hired Reuben Jeffery III, a former government official and Goldman Sachs' executive, as its chief executive.
The financial-reform law is threatening the privacy of some of America's richest families.
Federal revenue losses due to tax breaks for retirement savings plans are being greatly exaggerated, according to a group that is urging Congress not to eliminate so-called retirement tax expenditures
Instead of standing on the sidelines waiting for a number of long-awaited Labor Department rules to take effect, advisers are figuring out how things will change and are wasting no time as they gear up
Another small, independent broker-dealer that faces mounting legal claims is exiting the business, this time after selling real estate deals by a bankrupt syndicator.
New regulations aimed at ending the cozy relationship between government and those who advise the government on investment matters sound good on first blush. But as firms have discovered, the devil's in the details.
Muni bond transparency isn't very transparent. Indeed, making sense of muni bond funds can be an exercise in frustration. Now, a new rating system may clear things up a bit.
Products are 'difficult to assess,' commission-based distribution seen as a problem
Although Capitol Hill Republicans have received the most attention for trying to halt work on fiduciary duty regulations, Democrats have also expressed skepticism over the issue.
Advocates for imposing a universal fiduciary duty on anyone providing retail investment advice are stepping up their campaign to urge the SEC to move forward with a rule
Commission considering making it easier for investors to get in on Reg D offerings
One of the strongest advocates for imposing a universal fiduciary duty for retail investment advice is urging a congressional committee to allow the Securities and Exchange Commission to move forward with such a rule.
As per a Senate Republican request, SEC Chairman Mary Schapiro says the commission is analyzing the economic impact of adopting a single standard of care. Such cost-benefit analysis could be the way GOP lawmakers gut a universal fiduciary code.
<a href=http://www.investmentnews.com/apps/pbcs.dll/section?category=datajoe&djoPage=summary&issuedate=20100423&sid=BD0426&djoProjId=10994&djoRecordId=342440#record_342440>LPL Investment Holdings Inc.</a> will look to recruit at least 400 net new registered reps and investment advisers this year and into the future, while top executives at the firm acknowledge that attracting top brokers is getting more expensive.
The first question advisers often ask me is, “What exactly can I do with social media?” While the compliance constraints everyone talks about are real, there are a number of strategies you can implement that will have a tremendous effect on your bottom line
