Regulation And Legislation

Displaying 10525 results
RIA NEWS FEB 20, 2015
Institute for Fiduciary Standard draws SIFMA fire for best practices plan

Group's 11-point guide seeks to get advisers on the same page without waiting for government rules.

By Mark Schoeff Jr.
PRACTICE MANAGEMENT FEB 20, 2015
What's good for individual investors is good for the whole industry

The financial industry must take every action it can to weed out bad actors and rebuild investor confidence, including beefing up background checks for brokers.

By MFXFeeder
ALTERNATIVES FEB 20, 2015
SEC's Daniel Gallagher questions need to revise accredited-investor standard

Commissioner says that the private market is working just fine and that the effort to revise the accredited-investor standard is a waste of time.

By Mark Schoeff Jr.
New defenses necessary for protecting client data
FINTECH FEB 19, 2015
New defenses necessary for protecting client data

From the president down, experts say data security is the responsibility of all who hold sensitive information.

By Liz Skinner
PRACTICE MANAGEMENT FEB 19, 2015
Firms pumping millions into their compliance departments to keep regulators at bay

Compliance specialists, like LPL's David Bergers, are being paid millions to help firms keep regulators at bay. But is the surge in investment in compliance worth it?

By Bruce Kelly
RIA NEWS FEB 18, 2015
The bottom for oil prices isn't even in sight yet

<i>Breakfast with Benjamin</i>: Supply and demand math could mean $10 oil. Plus: Eric Holder takes a parting shot at Wall Street, SEC filings show how hedge funds did and didn't navigate the markets, and it's hard to bet against sin stocks.

By Jeff Benjamin
Sallie Krawcheck: Don't underestimate robo-advisers
RIA NEWS FEB 18, 2015
Sallie Krawcheck: Don't underestimate robo-advisers

Sallie Krawcheck says online advice industry is filling a gap in the marketplace.

By Trevor Hunnicutt
American Realty Capital Properties hit by lawsuit from institutional investors
ALTERNATIVES FEB 17, 2015
American Realty Capital Properties hit by lawsuit from institutional investors

New York City Retirement Systems, TIAA-CREF join group of investors alleging ARCP misrepresented the company's business, &quot;engaged in a scheme to deceive the market and a course of conduct that artificially inflated prices of American Realty securities.&#8221;

By Meaghan Kilroy
Senior Republican on Senate Banking Committee presses Finra on CARDS
REGULATION AND LEGISLATION FEB 12, 2015
Senior Republican on Senate Banking Committee presses Finra on CARDS

Crapo tells Finra chief Ketchum system could jeopardize investor privacy, be used for government surveillance.

By Mark Schoeff Jr.
Why President Obama's estate tax proposal is a big deal
RETIREMENT PLANNING FEB 12, 2015
Why President Obama's estate tax proposal is a big deal

The president's proposed change in step-up in basis would have a major impact on high-net-worth earners' taxes, according to Robert N. Gordon.

By Robert N. Gordon
REGULATION AND LEGISLATION FEB 12, 2015
Finra pushes ahead with controversial data collection program

Industry groups organize to have a stronger voice in shaping the CARDS rule going forward.

By Mark Schoeff Jr.
Longer life expectancies are killing pension funds
RETIREMENT PLANNING FEB 11, 2015
Longer life expectancies are killing pension funds

<i>Breakfast with Benjamin</i>: Pension funds never factored in that people would live as long as they're living. Plus: Fake hedge funder goes to extremes to cover his tracks, Congress to the rescue, and IRA missteps you can avoid

By Jeff Benjamin
REGULATION AND LEGISLATION FEB 11, 2015
Accused alts manager Daniel Thibeault says SEC claims 'unsupported' by 'scant facts'

Fund manager is fighting back against request to freeze his assets, says claims are 'unsupported' and regulator is 'overly aggressive.'

By Mason Braswell
In a twist, ex-Cabot Lodge compliance officer recants, says he was wrong
INDEPENDENT BROKER DEALERS FEB 10, 2015
In a twist, ex-Cabot Lodge compliance officer recants, says he was wrong

Akerman apologizes to SEC for whistleblower allegations against the broker-dealer and CEO Frydman.

By Bruce Kelly
Cabot Lodge dispute heats up with whistleblower claim
ALTERNATIVES FEB 10, 2015
Cabot Lodge dispute heats up with whistleblower claim

Former compliance officer alleges fraud at nontraded REIT helmed by Jacob Frydman.

By Bruce Kelly
DOL fiduciary rule stalls again as brokerage industry makes last-minute push against it
RETIREMENT PLANNING FEB 10, 2015
DOL fiduciary rule stalls again as brokerage industry makes last-minute push against it

The Labor Department's proposal to impose a fiduciary standard on retirement advisers has stalled as the brokerage industry makes one more, eleventh-hour bid to change it.

By Mark Schoeff Jr.
Two SEC officials blast agency's Oppenheimer Holdings decision
PRACTICE MANAGEMENT FEB 10, 2015
Two SEC officials blast agency's Oppenheimer Holdings decision

SEC officials Luis Aguilar and Kara Stein (pictured) say the regulator turned a 'blind eye' to Oppenheimer's pattern of misconduct in giving the firm a penalty waiver for penny stock improprieties.

By Bloomberg
No charitable IRA rollover, no problem. Consider the charitable alt-IRA
RETIREMENT PLANNING FEB 09, 2015
No charitable IRA rollover, no problem. Consider the charitable alt-IRA

What if you could do something similar to a charitable IRA rollover now, with more clients qualifying, fewer downsides and numerous advantages?

By Andrew Hibel
Pimco to fight fund lawsuit challenging Bill Gross pay
MUTUAL FUNDS FEB 06, 2015
Pimco to fight fund lawsuit challenging Bill Gross pay

Investor says firm took lucrative payouts at the expense of shareholders.

By Trevor Hunnicutt
REGULATION AND LEGISLATION FEB 06, 2015
DOL proposal of fiduciary-duty rule delayed again

Advocates for standard take latest postponement in stride.

By Mark Schoeff Jr.