Books & Records
Sub- And Master Accounts Top SEC List Of Potentially Abusive Market Structures
The practice of rolling assets from multiple clients or other traders into a single custody account has the SEC nervous enough to launch an entire new series of official warnings.
SEC Punishes RIA Firm That Allegedly Faked Its ADV To Look More Impressive
A California advisory firm has received a cease and desist order following an SEC investigation into its efforts to inflate its self-reported AUM and look bigger to prospects.
Morgan Stanley Loses Data On 34,000 Clients, Says "Sorry"
From an investor's perspective, Morgan Stanley has just had to confess that the ultimate nightmare has come true: the firm has lost CD-ROMs containing personal information on 34,000 clients.
FINRA Opens Up Disciplinary Database To The Public
As of now, anyone can search FINRA's disciplinary records online instead of going to the trouble of asking the regulator to send paper copies of any enforcement actions.
Added ADV Disclosure Is An Opportunity For Advisors With Nothing To Hide, Fi360 Says
Despite reports that advisors are balking at the idea of showing prospective clients their disciplinary records, the fact remains that if you have nothing to hide, this becomes a competitive advantage, not a burden.
More Articles ...
- New Form ADV, Disclosure Rules Already Raising Concerns For Advisors
- Wells Fargo Slapped For Sluggish Client Communications, Advisor Record Updates
- SEC Says St. Louis RIA Manipulated Stock Prices ... To Boost His Clients' Returns
- CFB Board Clears Regulatory Hurdle For Demanding Records From Would-Be Members
