Regulatory

The New Fiduciary Rules: Good Or Bad?

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by SherylCPA     April 15, 2016      0.0 (0) I was happy to hear that the DOL finally approved the new fiduciary rules on investment advice for retirement plans. As an RIA, I’ve always been held to the fiduciary standard—to put the interests of clients first. It’s good to require that of all advisors.

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Annuities And The Fiduciary Rules

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by SherylCPA     March 01, 2016      0.0 (0) I have often written about the “evils of annuities.” In my experience, I have seen annuities sold:   Within retirement accounts – There is no purpose to putting a high cost tax-deferred product into an account that is already tax-deferred. To elderly people – A variable annuity sold to an 80-year old

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Can Your Clients Trust Their 401(k) & IRA Investments?

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by SherylCPA     May 20, 2015      0.0 (0) Registered Investment Advisors have long known about the potential for conflicts of interest when commission-based providers offer 401(k) and IRA investments. The Department of Labor has been trying to implement fiduciary requirements for years and seems ready to issue final regulations soon.  The courts are now getting involved also. This c

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SEC Warns Never Before Examined Advisors - We're Coming!

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by Chris Winn     February 23, 2014      0.0 (0) Are you ready for an SEC Exam?   If you are SEC registered and have yet to receive an exam, you better prepare. For months the SEC has alluded to its focus on "never-before examined advisers".

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For Small BDs And Clearing Firms, FINRA Legal Action Serves As a Cautionary Tale On Anti-Money-Laundering Compliance

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by smatasar     December 17, 2013      0.0 (0) FINRA announced yesterday that it imposed a $1 million fine on a Nebraska clearing firm for repeatedly violating anti-money laundering (AML), financial reporting and supervisory requirements.  The announcement serves as a good checklist for compliance and supervisory personnel about the types of matters FINRA may investiga

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