Displaying 236 results
Vermont establishes restitution fund for victims of investment fraud
Portion of settlements with financial perpetrators would supply the pool.
New Jersey fiduciary rule: Pressure leads to public hearing, comment deadline extension
Industry push results in chance to air grievances on July 17 and another month to present objections.
It’s time to focus on supervision professionals’ specialized needs
The industry has focused on compliance, often overlooking the fact that the supervision function has the same need to network and learn more about common practices
Building dialogue with lawmakers to advance women’s careers
FSI members met with legislators who are members of a new House Financial Services subcommittee on diversity and inclusion.
Wells Fargo spends big on lobbying, as pressure from Capitol Hill mounts
Wells spent $1.2 million on lobbying in the first quarter, far exceeding other individual banks and financial firms.
Fate of New Jersey fiduciary standard could come down to politics, court
With strong support of governor, proposal has momentum out of gate
Opponents of Maryland fiduciary bill tell lawmakers to wait on SEC
Supporter praises state for stepping in where federal regulator falls short.
State securities regulators back Nevada’s fiduciary rule proposal
NASAA President Michael Pieciak: Draft regulations should curb abusive practices.
FSI’s top advocacy priorities for 2019
Key items include supporting the SEC's Reg BI, working to restore the deductibility of advisory fees and advocating for the adoption of NASAA's elder abuse rule.
Adviser trade associations, investor advocates split on Nevada’s authority to implement fiduciary rule
SIFMA, FSI, Investment Adviser Association say hands off; 16 advocacy groups say bring it on.
CFP Board chief executive Kevin Keller joins $1 million compensation ranks
Other seven-figure earners include top executives at ICI, SIFMA.
Again, SIFMA spent most money in financial services industry lobbying lawmakers
The trade association representing major brokerage firms spent $6.6 million in 2018.
Maryland bill would impose fiduciary duty on brokers, insurance reps
New legislation would require financial professionals to act 'without regard to' their own financial gains.
Interest groups spar over best way to cover unpaid arbitration awards
PIABA suggests brokerages fund a pool or Finra pay for shortfalls with fines, while FSI asks regulators to ban offenders from all corners of industry.
Best the SEC can do or huge step backward? Industry leaders tussle over advice reform
Disagreement surrounds the effectiveness of Regulation Best Interest to meaningfully reduce conflicts.
Taking stock of the new political landscape in Washington
The incoming Congress will present both challenges and opportunities for the financial advisory profession.
Regulatory outlook for 2019 shaping up to be more positive
The SEC's proposed advice rule and efforts to strengthen Finra will be among the critical areas next year.
Finra educates examiners on broker business models to improve oversight
New regulatory executive Bari Havlik says firms doing things the 'right way' should see a 'lighter touch' on exams.
FSI celebrates death of DOL fiduciary rule, praises SEC advice rule
General counsel David Bellaire predicts final broker standard in 2019, but not Form CRS.
SEC Regulation Best Interest an important step for our industry
The agency's approach allows firms to comply with new guidelines while while tailoring their practices to their own businesses and clients.
