The Practice: Regulatory/legal issues
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April 27, 2017Advisors and Firms Must Now Adapt to SurviveBob Curtis, PIEtechThe DOL Rule may live or die, but the business of financial advice has changed and firms.No Comments
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April 27, 2017Securities Cop, Democrats Slam Dodd-Frank AlternativeHouse Democrats and Massachusetts’ top financial regulator says the CHOICE Act will harm investors.Last Comment: April 27, 2017
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April 27, 2017Raymond James Brokerage Unit Profits PlungeDespite record revenue, unit hurt by $150 million settlement over ski resort Ponzi scheme.No Comments
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April 26, 2017Veres Pokes Hole in DOL Rule, Offers SolutionThe rule could be made far simpler and shorter, insists industry personality.Last Comment: April 26, 2017
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April 26, 2017Ex-Merrill Lynch FA Pleads Guilty to Stealing $1MHe convinced colleagues to make transfers to an outside account he controlled.No Comments
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April 25, 2017What Most Americans Think About FiduciariesTwo in five would leave their advisor if they learned they weren’t fiduciaries, survey finds.Last Comment: May 2, 2017
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April 25, 2017Should the SEC Impose its Own Fiduciary Rule?
Last week the SEC’s acting chairman said he thinks the commission should write its own regulation in place of the Department of Labor’s own stalled fiduciary rule. An SEC rule could cover all brokers and all clients, not just advisor/client relationships in retirement savings. Should the SEC write its own fiduciary rule, presumably with broader scope?
Last Comment: May 8, 2017
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April 25, 2017Indie BD Revenues Hit Worrying MilestoneTop 25 companies collectively reported 1.3% decline in revenue in 2016.No Comments
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April 24, 2017Watchdog Steps Up Actions Against Broker-DealersEnforcement actions overall remain relatively unchanged compared to previous fiscal year.No Comments
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April 24, 2017Colorado Cybersecurity Proposal Branded BurdensomeRequirements go into more detail than current federal rules.No Comments
