SEC enforcement targets provide good examples of what to avoid in annual updates.
Advisers should take a deliberate approach to charting their future. Here's what to look for.
Some highs and lows, swings and misses
Commonwealth Financial Network managing principal John Rooney says a combination of higher costs and less revenue, thanks to the DOL fiduciary rule, will cause widespread consolidation of independent broker-dealers.
Plus: You ain't seen lame until you've seen Congress next year, money manager M&A peaks, avoiding financial fraud, and how the rich get and stay rich
Regulator focuses on potential violations regarding misrepresentations, suitability, and supervision
Broker-dealer agrees to a $1.4 million fine and will return investor money on approximately 2,000 sales of nontraded REITs. Firm also settles with states regarding leveraged ETFs.
Advisers were pleasantly surprised by the tax package that will provide them more certainty when planing long-term for clients.
Fund industry worries about fallout from results of SEC exam sweep on distribution fees.
Robert W. Cook, the former director of the division of trading and markets for the SEC from 2010 to 2013, will take over the reins of the brokerage industry regulator.
Galen Marsh, who allegedly called the stolen data “the world's best cold-calling list,” had some of the data stolen from him and posted on the Internet.
New bipartisan legislation would quash a Labor Department proposal to strengthen investment advice standards for retirement accounts.
Plan sponsors appreciate auto enrollment and qualified default investments, but there are imperfect fits at the individual participant level.
As excessive-fee suits are poised to move down market, advisers should pay attention to teachings of 401(k) suits such as Boeing's.
Steven A. Cohen is poised to make a return to the hedge-fund industry by 2018 under an accord with U.S. regulators that settles allegations that the billionaire failed to supervise a convicted insider-trader at SAC Capital Advisors.
SEC orders the wirehouse to pay $8.8M for what the regulator claims was unsupervised prearranged trading. Brokerage firm Societe Generale Americas also agreed to pay $1M for the same case.
New Hampshire securities regulator claims unsupervised sale to 81-year-old investor was unsuitable and resulted in significant losses.
The author of legislation that would halt the Labor Department's fiduciary rule anticipates the measure will make it at least to the House floor.
Despite what opponents say, IRA rollovers will likely withstand implementation of the fiduciary rule.
The firm's settlement with the states was reminiscent of how broker-dealers handled various settlements in paying clients who bought auction rate securities.
