Displaying 115 results
Now’s the time for advisers to think globally, but act locally
XY Planning network organized a pro bono effort to help those struggling as a result of COVID-19.
Regulators going postal over alleged price gouging
Regulators are steamed by B-Ds that mark up postage charges to clients. You can't blame them. In some cases, brokerages are socking customers up to $75 per transaction.
Finra board member quits after sanctions
Joel Blumenschein, an industry governor for the Financial Industry Regulatory Authority Inc., is no longer on its board.
Industry stiffs DOL on request for IRA data in fiduciary analysis
The financial industry is butting heads with the Labor Department over providing data for a cost-benefit study related…
Bipartisan support for SRO in question
Proponents of legislation that would shift the oversight of investment advisers from the Securities and Exchange Commission to…
Finra amends complaint against David Lerner
Despite a pending Finra complaint against his firm, David Lerner has continued to pitch nontraded REITs improperly, according…
Finra turnabout: Client and son ordered to pay for "frivolous’ claim
In an unusual case, a Financial Industry Regulatory Authority Inc. arbitration panel last week ordered two investors to…
Money manager Williamson found dead in automobile
B. Robert Williamson Jr., a money manager at Chilton Investment Co. and nephew of hedge fund pioneer Julian…
Regulators turn up the heat on branch office oversight
Broker-dealers and their independent representatives are feeling the pinch of tougher oversight. Regulators have issued several warnings…
Finra files more cases, levies more fines in ’11
Enforcement actions and fines by the Financial Industry Regulatory Authority Inc. jumped sharply last year, with the latter…
Industry to Finra: Why disclose exam scores?
Industry observers are wondering why the Financial Industry Regulatory Authority Inc. has issued a proposal to disclose licensing…
Advisory firms still reluctant to hire newbies
There's no shortage of financial planning jobs out there right now. There's probably more of those jobs than at any time since before the 2008 market crash. But that doesn't mean it's any easier for employers and entry-level job hunters to make a deal.
Behringer Harvard client wants answers after fund dropped 96%
It is more bad news for Behringer Harvard Holdings LLC, as an investor who saw the value of…
Finra issues a warning about senior designations
A warning this month from Finra could reignite concerns about the use of senior designations
Ex-adviser illegally shared tips
Scott Allen, a former Mercer LLC investment adviser, pleaded guilty to charges that he supplied nonpublic information to…
Finra eyes wholesalers’ role in vending
Wholesalers, watch out. Finra is taking a clear interest in wholesalers' roles in the sale of products…
SIFMA, Finra clash over deadbeat brokers
Increasingly, brokerages are being stiffed by ex-reps who were given hefty loans as recruiting incentives. SIFMA wants Finra to write a tougher rule to help battle deadbeat brokers. So far, no dice.
Mets’ Madoff tab down to $30M
The New York Mets may have to pay just $30 million following a court ruling against them, a…
Ex-Met and financial adviser Dykstra off to the hoosegow
Lenny Dykstra, a former player for the New York Mets and Philadelphia Phillies, last week was sentenced to…
Pacific West is ordered to pony up $2.1M over TICs
A broker-dealer that has said it will shut down has lost a multimillion-dollar arbitration, this time stemming from…
