The Practice: Regulatory/legal issues

• September 19, 2018

  Ex-UBS FA Sues to Vacate Finra Award

  Michael Miller says Finra arbitrators violated the self-regulator’s procedures by failing to disclose information.

  No Comments
• September 19, 2018

  How Misplaced Trust in Advisors Contributed to Massive Fraud Against Pro Athletes

  Fraudsters take advantage of athletes’ large cash flows and lack of time to manage their finances, according to a recent report from EY.

  No Comments
• September 18, 2018

  Betterment Joins Schwab in Decrying Big Weaknesses in New Disclosure Form

  Robo says the SEC’s proposed disclosure form must be modified to become a powerful tool for investor protection.

  No Comments
• September 18, 2018

  Wells Fargo CFO Slams Media Over Negative Coverage

  CFO says negative headlines about the company’s myriad scandals help media outlets sell ads.

  Last Comment: September 18, 2018
  1 Comment
• September 17, 2018

  Advisor Moves: LPL Nabs $200M Advice Practice from Lincoln Financial, and More ...

  Also, EP Wealth Advisors Acquires $191M RIA

  No Comments
• September 17, 2018

  SEC Form for Customer Relationships Confounds Users

  Consumer groups that commissioned the survey are calling on the SEC to revamp the disclosure form.

  Last Comment: September 17, 2018
  1 Comment
• September 17, 2018

  Broker-Dealer Makes Million-Dollar Settlement Over Allegedly Deficient Blue Sheet Data

  Convergex Execution Solutions admitted to providing the regulator with incomplete and deficient trading information.

  No Comments
• September 17, 2018

  RIA Settles With SEC Over Mutual Fund Commissions

  Separately, the regulator has charged an investment advisor and its sole owner with failing to disclose kickbacks.

  No Comments
• September 14, 2018

  Brokers Get an Unfair Bad Rap and RIAs Get a Free Pass, Says General Counsel

  The lawyer says regulators are crawling all over brokers but there’s not a lot of oversight of advisors.

  Last Comment: September 14, 2018
  5 Comments
• September 14, 2018

  Morgan Stanley Plans Bitcoin Swap Trading as SEC Leads Cryptocurrency Lawsuit Boom

  The regulator is behind 30% of the 45 cases filed this year, according to a new report, while Morgan Stanley plans to offer trading in complex products tied to bitcoin.

  No Comments