Regulation And Legislation

Displaying 10525 results
SEC shuts down ex-broker's attempt to start RIA from jail
PRACTICE MANAGEMENT MAR 19, 2015
SEC shuts down ex-broker's attempt to start RIA from jail

David Cacchione almost got a second chance at a career in the securities industry through a registered investment adviser.

By Mason Braswell
SEC audit of Girard Securities focusing on supervision of branch offices
INDEPENDENT BROKER DEALERS MAR 19, 2015
SEC audit of Girard Securities focusing on supervision of branch offices

Girard Secuirities is being audited by the SEC, which is focusing on the firm's supervision of branch offices. CEO suggests move is part of larger investigation.

By Bruce Kelly
PRACTICE MANAGEMENT MAR 18, 2015
House panel seeks to freeze SEC budget

Subcommittee set to vote on funding as adviser group hits Capitol Hill to lobby for more

By Mark Schoeff Jr.
RIA NEWS MAR 18, 2015
SEC's White defends coverage of investment advisers

Chairwoman says agency is considering augmenting adviser exams with third-party audits.

By Mark Schoeff Jr.
PRACTICE MANAGEMENT MAR 17, 2015
SEC panel calls for a single database to run background checks on all financial professionals

The agency's Investor Advisory Committee recommends making it easier for investors to track securities violations by advisers and brokers, regardless of who regulates them.

By Mark Schoeff Jr.
Fiduciary duty becoming a more partisan issue, with Republicans standing alone against it
RETIREMENT PLANNING MAR 17, 2015
Fiduciary duty becoming a more partisan issue, with Republicans standing alone against it

Republicans stand alone as a barrage of letters flood Capitol Hill aimed at stalling the pending rule – at least, for now.

By Mark Schoeff Jr.
WIREHOUSES MAR 16, 2015
Widow of Home Shopping founder sues Morgan Stanley for $400M

Lynnda Speer, widow of a Home Shopping Network co-founder, alleges excessive trading and negligent supervision by Morgan Stanley in an arbitration claim.

By Mason Braswell
Republican introduces bill to halt Obama's DOL fiduciary push
RIA NEWS MAR 16, 2015
Republican introduces bill to halt Obama's DOL fiduciary push

Rep. Ann Wagner says proponents are 'offering a solution in search of a problem.'

By Mark Schoeff Jr.
RETIREMENT PLANNING MAR 16, 2015
Why Obama is 'proud' of this adviser

President quoted Sheryl Garrett, founder of an hourly fee network, in supporting fiduciary standards.

By Liz Skinner
PRACTICE MANAGEMENT MAR 16, 2015
Finra bars broker for ripping off elderly client

Former Wells Fargo Advisors broker charged with stealing nearly $89,000 and using it for personal expenses.

By Mark Schoeff Jr.
INDEPENDENT BROKER DEALERS MAR 16, 2015
B-D's fate uncertain after $4M arbitration award

Resource Horizons Group may not be able to meet net capital requirements; Kovack Securities opens its doors to advisers.

By Mason Braswell
REGULATION AND LEGISLATION MAR 15, 2015
Momentum building on tax reform

As senators invite the public to contact them with ideas on tax reform, advisers should speak up

By MFXFeeder
Northwestern Mutual agrees to settle annuities suit for $84 million: report
LIFE INSURANCE AND ANNUITIES MAR 13, 2015
Northwestern Mutual agrees to settle annuities suit for $84 million: report

About 30,000 current and former annuity owners claim company failed to pay proper dividends on contracts sold 30 years ago.

By Srividya Kalyanaraman
RETIREMENT PLANNING MAR 13, 2015
Bigger & Better

Advisers with assets over $1 billion are outperforming their peers. Does your firm have what it takes to be a billion dollar baby?

By Trevor Hunnicutt
Consumer groups accuse SEC of ignoring investors
REGULATION AND LEGISLATION MAR 13, 2015
Consumer groups accuse SEC of ignoring investors

Consumer groups say the agency has been preoccupied with market issues to the detriment of the public and needs to tighten adviser oversight.

By Mark Schoeff Jr.
DOL head says fiduciary standard will happen
RIA NEWS MAR 12, 2015
DOL head says fiduciary standard will happen

Secretary Perez has confidence his agency will complete work on the rule before Obama's term ends.

By Mark Schoeff Jr.
How firms document risk management and suitability practices needs to change
OPINION MAR 12, 2015
How firms document risk management and suitability practices needs to change

Advisers need scalable, standardized and easily supervised risk management systems in light of increased regulatory scrutiny

By Phillip Wilson
SEC's White sidesteps direction for fiduciary duty
RIA NEWS MAR 12, 2015
SEC's White sidesteps direction for fiduciary duty

SEC chairwoman says she will push the agency this year to make a decision on whether to raise investment advice standards for brokers but once again declined to provide a timeline.

By Mark Schoeff Jr.
Obama's proposed budget lets unemployed workers drain their retirement savings
RETIREMENT PLANNING MAR 11, 2015
Obama's proposed budget lets unemployed workers drain their retirement savings

<i>Breakfast with Benjamin</i>: The president's 2016 budget lets workers tap into their 401(k)s penalty-free once unemployment runs out.

By Jeff Benjamin
Tax reform battle zeroes in on small businesses
REGULATION AND LEGISLATION MAR 11, 2015
Tax reform battle zeroes in on small businesses

Corporate-only tax reform faces resistance for leaving out sole proprietorships, partnerships, LLCs and S corporations.

By Mark Schoeff Jr.