'I can’t recall when they’ve been so explicit about what they do and why they choose a firm for examination,' a compliance expert says.
The cost of the new system was estimated at $500 million at the end of last year.
Chuck Smith and his team at Qualified Plan Advisors will be running 401K, or 250 miles, in honor of National 401(k) Day Friday.
The more than a dozen major new rules the agency has proposed or finalized will create significant disruption for investment advisors, with substantial long-term implications.
Scale offers the solutions, capital and expertise entrepreneurial financial advisors need to serve their clients with distinction and build strong businesses.
The three financial advisors and four associates join the firm from Avantax.
Creative control, income and capital gains are among the considerations for songwriters and recording artists.
Despite some minor glitches and some email outreach confusion, most advisors are handling the change well.
'Efforts to address the standard of care concepts established by Reg BI remain perfunctory,' the NASAA report states.
The firm, Wiley Bros.-Aintree Capital, is based in Nashville and has been in business since 1945.
Carrie Tolstedt, the bank's former head of retail banking, pled guilty this year to obstructing the investigation of the bank's fake accounts.
Trade groups argue the SEC went too far when it rolled out rules mandating disclosures and barring firms from doing sweetheart deals with some investors.
'Crypto is on a journey from a niche asset class to a mainstream asset class,' says an advisor.
Network 1 Financial Securities did not have a written system to identify and flag excessive trading, resulting in $533,500 in commissions for the firm, regulator says.
The company filled its retirement plan menu entirely with its own funds, some of which underperformed and had high fees, a plaintiff alleges.
Support is down among big fund companies, but they haven't really changed their stances, and they're far from leading on sustainability issues.
The latest delay came as a disappointment after Grayscale won a court ruling this week overturning the SEC's rejection of its application to convert its bitcoin trust into an ETF.
Legacy Wealth Advisors was looking for an easier place to do business and differentiated service, founder Kevin Loyd said.
The firm is targeting 3,000 domestic job cuts and more than $10 billion in cost savings.
Global firm's wealth management unit was among its star performers.
