Displaying 229 results
Securities regulators target peer-to-peer Internet lenders
State securities regulators are warning investors to be careful about peer-to-peer lending over the Internet, a trend that they say is on the rise as conventional loans have become scarcer and more costly
Advisers preparing for threshold switch: NASAA
Like many aspects of the financial-regulatory-reform legislation that became law July 21, the provision that increases the threshold for state regulation of investment advisers doesn't go into effect for another year.
Why registering with states early may be a mistake for RIAs
Financial advisers who live by the maxim “the early bird catches the worm” might want to think twice before getting a head start on making the switch to state registration.
What’s the rush? Registering with states early may be a mistake for RIAs
Advisers who live by the maxim “the early bird catches the worm” might want to think twice before getting a head start on making the switch to state registration
High anxiety
While federal agencies conduct scores of studies and write hundreds of regulations implementing the sweeping Dodd-Frank financial-reform law, investment advisers wait with trepidation
Solov: B-Ds bully clients in arbitration
Broker-dealers are browbeating clients to settle arbitration cases by inundating them with requests for discovery information, according to a top state securities regulator
States prepare for more oversight duties
Faced with the prospect of gaining jurisdiction over 4,200 registered investment advisory firms, state regulators are scrambling to make sure they have the resources to handle a handoff.
Her past is a problem
Financial advisers see “Finra” plastered across SEC Chairman Mary Schapiro's forehead, and it makes them nervous.
State regulators pursue increased oversight of advisers
In the coming months, state securities regulators will focus on increasing the threshold for state regulation of investment advisers to $100 million, according to Texas securities commissioner Denise Voigt Crawford.
State regulators want inquiry into "inherently conflicted’ SROs
State regulators are up in arms about a provision in the proposed Investor Protection Act which would eliminate a requirement that an independent consultant hired by the Securities and Exchange Commission look into the failures at self-regulatory organizations.
SEC aims to expand disciplinary data
If the SEC has its way, more disciplinary information about brokers will be available to investors.
State inspectors find fewer problems among investment advisers
State securities regulators today reported a drop in deficiencies in their latest inspections of investment advisers.
NASAA supports senior investor protection acts
Two bills aimed at protecting seniors from financial fraud were introduced in the House today, winning praise from the North American Securities Administrators Association Inc.
State powers preserved under Obama plan
State regulators have an ally in the Obama administration.
Fred Joseph
More than ever, state securities regulators face the threat of a diminished role in overseeing the financial services industry.
States pushing for authority over Reg D offerings
State securities regulators are asking Congress for expanded powers to review offerings of private securities.
NASAA calls for hedge fund regulation
“Congress should grant the SEC explicit statutory authority to regulate hedge fund advisers as investment advisers,” Colorado securities commissioner Fred Joseph said at a press conference in Washington held by the North American Securities Administrators Association Inc.
NASAA urges fiduciary standard for all advisers
State securities regulators today for the first time explicitly stated that all financial and investment advisers should be required to act as fiduciaries for clients.
State regulators to feds: ‘Don’t marginalize us’
“State securities regulators ... must not be pre-empted or marginalized as mere advisers to federal authorities,” the North American Securities Administrators Association Inc. of Washington said.
IARD fees waived for 2009
Set-up and annual system fees for the Investment Adviser Registration Depository system will be waived for advisory firms and investment adviser representatives for the next year.
