Software companies offer products to help advisers meet intense regulatory demands.
There's been no summer break for the SEC, as the regulator's tally for never-examined advisers has been bolstered by a quicker examination process.
Blake Richards misappropriated $1.7 million from at least seven investors, some of whom were elderly, according to the SEC's charges.
A scandalous lawsuit, new data on the growth of independent firms, and the rest of this week's must-reads
<i>Breakfast wtih Benjamin</i>: The case for reducing fixed income exposure gets more vivid, markets react to Pres. Obama's 'no strategy' remarks regarding ISIS, another perspective on income inequality, and more.
Retirement security a top concern for states discussing options for workers whose companies don't offer plans.
In today's <i>Breakfast with Benjamin</i>, Warren Buffett's fails to put his money where his mouth is, Canada finds a sensible way to stop corporate inversions, the Fed pushes rate-hike rumors out to the end of next year, and more.
SEC scores court victory involving wrap account fees and is making them a priority in exams
In the past year or so, more than 30 major companies have quietly amended their bylaws to say Delaware courts are the only place where shareholders can file lawsuits alleging misdeeds by corporations, their managers or directors.
<i>Breakfast with Benjamin:</i> The Fed should raise rates but... Plus: Financial advisers turn to options investing; the French government calls it quits; the SEC goes after asset-backed bonds; another Obamacare surprise; and what is really the most important meal of the day
The regulator said he misrepresented $50 million private offering that later went into default
The law firm, which is representing the real estate investor in a number of cases, cites a breakdown in communication and failure to pay legal fees.
Firm receives Wells Notice notifying it that action is possible because one branch office's activity
The agency's request for more information on the choices and disclosures available to participants could set the stage for new rule making.
For <i>Breakfast with Benjamin:</i> Investors jump on the low-volatility bandwagon. Plus: A market fueled by bad news; B of A's big mortgage settlement' Countrywide exec finally heads to court; and how companies miss the mark with stock options.
Broker-dealers will need to be more selective in finding an auditor who knows the industry.
Finra arbitration panel finds adviser liable for remaining balance on promissory note, but orders wirehouse to pay for closing his branch.
<i>Breakfast with Benjamin:</i> The dollar rallies ahead of Fed news. Plus: Stocks historically love the Fed's Jackson Hole meeting; Argentina's latest gambit; insurance companies create new asset management opportunities; and regretting not buying Google at the IPO.
Gives SEC another month to act on proposal.
