Thomas A. Sporkin, who spent 20 years with the enforcement division of the Securities and Exchange Commission, will become the CFP Board's first managing director of enforcement.
Sporkin, who is currently in private practice at the law firm Buckley, will lead a team of attorneys and legal staff to “modernize the detection, investigation and prosecution activities at the CFP Board,” the group said in a release. He will join the organization in January.
While at the SEC, Sporkin designed, built and managed its Office of Market Intelligence, including the Office of Market Surveillance and the SEC’s whistleblower program.
In December 2019, a Certified Financial Planners Board of Standards task force concluded that the organization's enforcement program had “systemic, longstanding, governance-level weaknesses” — failures that need to be addressed by internal reforms, according to the task force's report.
In May, the CFP Board came out with revised procedural rules for enforcing higher ethical standards associated with the credential.
Plus, a $400 million Commonwealth team departs to launch an independent family-run RIA in the East Bay area.
The collaboration will focus initially on strategies within collective investment trusts in DC plans, with plans to expand to other retirement-focused private investment solutions.
“I respectfully request that all recruiters for other BDs discontinue their efforts to contact me," writes Thomas Bartholomew.
Wealth tech veteran Aaron Klein speaks out against the "misery" of client meetings, why advisors' communication skills don't always help, and AI's potential to make bad meetings "100 times better."
The proposed $120 million settlement would close the book on a legal challenge alleging the Wall Street banks failed to disclose crucial conflicts of interest to investors.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
