Compliance
2013 Federal Budget Proposal Earmarks More SEC Funds For Advisor Examinations
- Details Category: Registered Investment Advisors
It's rare that an industry embraces tighter regulation, but investment advisors who were dreading being handed to FINRA may welcome the Obama administration's ongoing efforts to boost SEC oversight.
Chair Of House Committee Supporting FINRA As Regulator Of RIAs Faces Insider Trading Probe
- Details Category: Regulatory
The head of the House financial services committee, Spencer Bachus of Alabama, is under investigation for possibly violating insider trading laws.
SEC Targeting Compliance Officers Directly To Get Results
- Details Category: Registered Investment Advisors
The regulators are cracking down on the people inside advisory firms responsible for enforcing policy: the compliance officers themselves.
Merrill Lynch Fined $1.4 Million For Sale Of "Worthless" Securities
- Details Category: Registered Reps
Timing is everything. Merrill Lynch has been ordered to pay an investor $1.4 million to replace securities that may -- or may not -- have already been worthless by the time they were sold.
FINRA's Annual Regulatory And Examination Priorities Are Helpful To RIAs As Well As BDs And Their Registered Reps
- Details Category: Registered Reps
FINRA, in its annual letter to broker-dealers listing regulatory and examnation priorities, says private placements and enhanced-yield products, remain top concerns, but the list does not stop there. "Yield chasing," especially if it drives advisors into illiquid assets unable to support investor cash flow needs, along with mortgage-backed securities, muni bonds, non-traded REITs,
More Articles ...
- FINRA Goes After "No Class Action" Waivers, Starting With Schwab
- National Broker-Dealer Fined For Failing To Catch $8 Million Ponzi Rep
- Boston Advisor Found $50 Million In Fake Refunds For Clients, Tried To Pay His Own IRS Bill With Fake Checks
- Business As Usual Cost Merrill Lynch Advisor A Pro Baseball Client
