Displaying 229 results
Industry, investor advocates differ on NASAA’s unpaid arbitration model rule
Generally, financial industry groups encouraged state regulators to narrow the measure, while advocates want them to expand it.
Advisers want better communication with regulators on senior abuse
They also want to extend the 15-day window under state and Finra rules to hold disbursements from accounts when abuse is suspected.
Brokerages, alts advocates dispute state regulators’ Reg BI assessment
NASAA officials say sale of complex products provides insight into shortcomings of broker standard of conduct.
State regulators: Reg BI fails to curb conflicts of interest
Most brokerages continue to demonstrate conflicts of interest when recommending investments to retail customers, a NASAA study shows.
Diminished capacity talk with a client requires active listening, empathy
Building a rapport with clients is crucial to getting them to talk about steps that may be needed to protect their investment accounts from exploitation, advisers said at the IN Retirement Income Summit.
NASAA seeks comment on new rules for unpaid arbitration awards
If the model rules were adopted, states would have more power to collect millions in fines.
Enforcement actions up in 2020 as state securities regulators pursued pandemic fraudsters
Self-directed IRAs are a growing area of concern at the state level, as enforcement actions more than doubled last year.
New NASAA leader calls for expungement reform
Maryland Securities Commissioner Melanie Senter Lubin said brokers should be able to clear their records only in very limited circumstances.
State regulators: Advisers fall short in guarding against senior financial abuse
A NASAA exam sweep shows that more than half of advisers lack policies and procedures to address exploitation of elderly clients.
Regulators: Trading app nudges could be investment advice, trigger Reg BI
The more individually tailored a communication to a customer is, the more likely it is a recommendation, SEC Commissioner Allison Herren Lee said during the NASAA fall meeting.
Maryland securities chief to lead NASAA in 2021-22
Melanie Senter Lubin will start a one-year term as president of the North American Securities Administrators Association in September.
Finra proposes annual regulatory education
The regulator's proposed rule would also allow brokers to leave the industry and maintain their registration longer if they complete continuing education, a move that could benefit women who step away to have families.
State-registered investment advisers hold steady at more than 17,000
Most state-level advisory firms are one- or two-person shops staffed exclusively by financial professionals.
Internet scams are top threat to investors, NASAA says
Precious metals, cryptocurrencies and promissory notes are fraudster favorites in 2021, a survey of enforcement officials finds.
State regulators probe whether investors get money’s worth from subscription fees
State regulators have been expressing concern that new fee structures sometimes don’t align with services provided. The issue will continue to be a priority this year.
FSI advocacy priorities for 2021
For independent advisory firms and advisers, the Biden administration’s approach to regulation will be among the most consequential outcomes of the November elections.
Regulators, investor advocates warn against deregulating private markets
As the Biden administration and lawmakers begin negotiations over President Joe Biden’s $1.9 trillion coronavirus relief proposal, state regulators are concerned that private-market deregulation could become a bargaining chip.
Robinhood exec walks through regulatory revolving door
The online trading platform’s popularity has skyrocketed over the last several months, but its fast growth has also generated increased regulatory scrutiny
Advisers welcome additional educational requirements
A NASAA model rule would impose 12 hours of CE annually for IARs
XYPN advocates for consistent regulation of fee-for-service advisory model
The group's lobbying effort must address states’ concerns about charging without delivering
