Displaying 229 results
For first time, state regulators pursue more cases against RIAs than against broker-dealers
Growth of independent sector translates into more enforcement actions.
State regulators brought hammer down on unregistered advisers more than registered ones in 2017
But NASAA said among cases brought against registered entities, the number of investment adviser cases 'significantly outnumbered' broker-dealer cases for the first time.
New NASAA president Michael Pieciak puts cybersecurity at top of agenda
State regulators release request for comment on model cyber rule
State regulators investigating more than 200 ICOs and cryptocurrency investments
NASAA's Operation Cryptosweep has resulted in 47 enforcement actions since its launch in May.
Galvin announces settlement with LPL allowing investors to get their money back
Settlement is part of a $26 million agreement between the independent broker dealer and the North American Securities Administrators Association.
State regulators launch ‘Operation Cryptosweep’ to crack down on fraud
NASAA announces series of investigations, enforcement actions in U.S. and Canada targeting shady initial coin offerings and cryptocurrency products.
State-registered investment advisers, mostly one and two-person offices, total 17,688
State securities regulators release first statistical snapshot of sector.
LPL agrees to $26 million settlement with states over unregistered securities
Firm will also buy back securities from investors, plus pay them 3% annual interest.
Fiduciary watchers say problems with SEC advice rule portend long slog
Potential pitfalls include lack of detail on best-interest standard, demarcation between sales and advice.
DOL fiduciary rule spurred IRA rollover improvements, state regulators say
NASAA report finds broker-dealers are better informing investors.
State efforts on fiduciary standards slow
Maryland senator pulls provision requiring such duty from bill, Nevada's time line for regulation remains uncertain.
State securities regulator says states can enforce DOL fiduciary rule
Experts expect more states to follow Massachusetts' lead.
House approves legislation to help advisers combat senior exploitation
The Senior Safe Act provides liability protection for financial professionals who report cases of suspected elder abuse to regulators or other authorities.
Finra elder-abuse rule could trigger delicate conversations between brokers, clients
Regulation taking effect Feb. 5 requires reasonable effort to find trusted contact, allows brokers to stop fund disbursement.
Cutting through the red tape of adviser regulation is tricky
Don't expect a simple rollback of rules under the Trump administration in 2018 — instead, regulators are on pace to bolster financial adviser oversight.
State regulators warn investors about cryptocurrency dangers
Securities and Exchange Commission members also reiterate their concerns about virtual money.
AARP and NASAA launch find-an-adviser tool
Site recommends questions that investors should ask before hiring an adviser.
SIFMA: State-level fiduciary rules would confuse investors
Managing director Lisa Bleier set to testify in Nevada workshop on state's new fiduciary law.
Borg puts cybersecurity, unpaid arbitration claims on NASAA agenda
Alabama securities director takes helm of state regulators' association for third time, and at age 64 he might still make time to ride his motorcycle.
Harvey tests whether advisers need more emergency planning
SEC suggests a final decision on its proposed continuity rule with heightened requirements will come in April.
