Compliance
A Financially Literate Society Could Be A Boon To Advisors
- Details Category: Regulatory
One of the hallmarks of the Dodd-Frank legislation is its new definitions of terms. For example, the definition of a family office and also of a family member has much more specificity than before. Financial literacy is another term whose definition is approaching a standard. By formulating standard definitions of such terms, it becomes much easier to regulate financial and wealth management.
Financial literacy has long been a focal point for wealthy families. Their insistence on financial and business education for their progeny has only become more firm. In terms of the general soc
Former Orange County Advisor Held On Manslaughter Charge After Client Discovered His Account Was Being Drained
- Details Category: Registered Investment Advisors
A week after being barred from the industry, a Santa Monica, California, "financial consultant" now faces charges that he killed a client who found out that he was draining hundreds of thousands of dollars from investment accounts.
Despite SEC Claims, New Enforcement Activity Has Actually Declined
- Details Category: Regulatory
SEC officials have bragged about taking on a heavier case load in 2011 despite "resource constraints" and increased Washington scrutiny. The actual performance seems a bit less clearly impressive.
FINRA Finds Investor Suit Against Unrelated Brokerage Firm "Frivolous"
- Details Category: Advertising Compliance
Investor claims against their advisors have reached the point where some will sue to be made whole simply because their portfolio's value declined. But one recent FINRA case went the other way.
Compliance Officers' Supervisory Role Remains Nebulous At The SEC
- Details Category: Regulatory
After a recent case where a compliance officer was charged -- but not fined -- for failing to fire a broker who broke the rules, the SEC is trying to nail down exactly what the role entails.
More Articles ...
- Merrill Lynch Discrimination Suit Gets Class Action Status
- SEC Impersonator Not Winning Friends At The Regulator
- FINRA Requests Comment On Ways To Increase Investor Use Of BrokerCheck: My Suggestion Is To Consolidate Advisor Licensing Databases And Open It To Search Engines
- California Advisor Stole $3 Million From Clients, SEC Alleges
