Compliance
SEC Vows Again To Get Tough On ADV Frauds
- Details Category: Books & Records
The SEC must have been stung by accusations that they're not doing enough to keep advisors in line. They're actually going to start checking form ADV statements for errors and lies.
One-Time Financial Planner Arrested For Tax Evasion
- Details Category: Regulatory
A high-rolling insurance agent who did some planning on the side told the IRS for five years in a row that he earned no commissions whatsoever. He's since been arrested.
Raymond James Pays The Biggest Claim In Its History After Appeal Thrown Out
- Details Category: Registered Reps
Huge financial incentives for selling variable annuity products -- "suitable "or not -- have cost Raymond James close to $1.8 million, even though the client ended up making money on the advice.
SEC, FINRA Repeat Guidance On Branch Office Supervision
- Details Category: Registered Reps
Interesting timing on a joint alert from the SEC and FINRA urging broker-dealer firms to inspect their branch offices.
Now That Barney Frank Is Leaving, He Comes Out Against An Advisor SRO
- Details Category: Registered Investment Advisors
Barney Frank has decided to retire at the end of his current term, but he's going to fight for his regulatory goals -- including, just maybe, keeping advisory firms under a SEC mandate.
More Articles ...
- Switch To State Regulation May Be The Closest Thing To An Audit Some RIAs Have Ever Experienced
- Latest Private Placement Settlement Lays Out Just What Qualifies As Due Diligence...And What Falls Short
- Old Unsuitable Securities Sales Finally Catch Up With LPL
- Ex-Chief Of Schwab's Funds Gets His Slap On The Wrist From YieldPlus Failure
