Compliance
SEC Cracks Down On San Diego Fee-Only Planner For Alleged Kickbacks
- Details Category: Registered Investment Advisors
Another prominent fiduciary is in trouble, this time for what the SEC calls a combination of secret commissions and outright "lying" about the liquidity of various investments.
Noted Fiduciary Advocate Now Under Investigation After Bounced Checks, Client Complaints
- Details Category: Registered Investment Advisors
The Labor Department has opened an investigation on Matthew Hucheson, a retirement plan consultant previously known in Washington as a vocal and articulate advocate of the fiduciary code.
Giving Corzine A Free Pass On His Registrations Gives FINRA Another Black Eye
- Details Category: Regulatory
A regulator doctoring records is a relatively minor infraction as far as Congress is concerned. The perception that FINRA gave MF Global executives a free pass before that firm's collapse is a much bigger deal.
District Judge Challenges SEC Settlement System As More "Half-Baked Justice"
- Details Category: Regulatory
A longtime critic of overly light SEC settlements with major banks has scheduled a new hearing to investigate just how the regulator decided Citigroup's mortgage-backed disaster was only worth a $95 million fine.
Business Professor Urges Third-Party Audits Instead Of An SRO For Advisors
- Details Category: Registered Investment Advisors
A Georgetown University professor is arguing that setting up a self-regulatory organization for advisors would be difficult and expensive, so advisors should simply find accountants to audit their records.
