Compliance
Switch To State Regulation May Be The Closest Thing To An Audit Some RIAs Have Ever Experienced
- Details Category: Registered Investment Advisors
The announcement that state regulators have announced coordinated reviews for the 3,200 advisory firms they are taking over from the SEC points out an overlooked irony in the "switch" process.
Latest Private Placement Settlement Lays Out Just What Qualifies As Due Diligence...And What Falls Short
- Details Category: Registered Reps
So many broker-dealers that sold private placements have gone out of business instead of settling their obligations that it's hard to remember exactly what they did wrong in the first place.
Old Unsuitable Securities Sales Finally Catch Up With LPL
- Details Category: Registered Reps
State regulators have fined LPL $100,000 for failing to supervise one of its branch managers several years ago -- even though compliance has improved significantly in the meantime.
Ex-Chief Of Schwab's Funds Gets His Slap On The Wrist From YieldPlus Failure
- Details Category: Regulatory
The long saga of YieldPlus, the Schwab fund touted as low-risk that failed anyway, has dug into the pocket of the man ultimately responsible for the product.
FTN Implicated In Failed RIA's Attempts To Alter Its Books
- Details Category: Books & Records
The SEC has gone to First Tennessee National's brokerage unit in order to collect about $1.5 million clients of failed RIA Sentinel Management are owed.
More Articles ...
- Anti-Money Laundering Rules For Advisors Back On The Front Burner
- SEC Confesses It Will Probably Never Be Able To Supervise RIAs As Often As Congress Wants
- FINRA Chief Says Making Jon Corzine Take His Exams Like Everyone Else Would Have Been 'Mindless'
- Failed CapWest Private Placements Continue To Plague Colorado Ex-Broker
