Washington and New York will be joined by Oxford, Miss., as centers of the investment adviser universe if a group of students from the University of Mississippi law school succeeds in establishing a self-regulatory organization for advisers
SEC Chairman Mary Schapiro said that the agency will issue an initial rule this fall imposing a universal fiduciary duty for anyone providing retail investment advice.
It isn't too often that the financial services industry claims that its regulatory system isn't tough enough, but that is the conclusion that Great-West Retirement Services and Lincoln Trust Co. FSB have made
Opponents of expanding the fiduciary duty for investment advice have another weapon in their arsenal, following a court decision that chided the SEC for adopting an unrelated rule without conducting a proper cost benefit analysis
Investment advisers and brokers hoping to become certified financial planners, or those wanting to renew their certificates, now have to disclose details about customer complaints to the CFP Board of Standards — a change in procedure that will give the organization's enforcement arm more muscle
SEC decision should pave the way for stronger enforcement actions by CFP Board
Slam of Oracle's willingess to pay more taxes made a good sound byte -- but not much sense
Berkshire boss suddenly a lightning rod for criticism after stating wealthy should pay more; 'needs a day job'
The major lobbying group for large broker-dealers last week urged the SEC to develop a new fiduciary standard that could change from customer to customer and which would be spelled out at the start of an adviser-client relationship
The longest-running Ponzi scheme ever? Philip Barry, a money manager from Brooklyn, was sentenced to 20 years in prison for running a $45 million Ponzi scheme that defrauded hundreds of investors over three decades.
The exam brings the SROIIA a little bit closer to acting as a self-regulatory organization over investment advisers. But will the SEC approve?
Influential group will endorse one of its own for small-firm seat; ramped-up regulations No.1 concern
In the high-stakes political game surrounding the adoption of a fiduciary standard, broker-dealer interest groups have outgunned their opposition in spending.
The creation of a self-regulatory organization for investment advisers took a step forward last week when the Consumer Federation of America dropped its longtime opposition to the idea, saying that an SRO would be better than relying on the chronically underfunded SEC as a regulator
Commission wants complaints lodged via e-mail, fax or online — but not by phone; what would McGruff think?
In a battle over Dodd Frank, House Republican want whistle-blowers to go through compliance departments first, then the SEC. Democrats say that's backwards.
Ramped-up role in spelling out tax implications of stock sales might well be 'differentiator' in landing prospects; boon to some, bane to others
