Compliance
SEC Chairman Mary Schapiro To Step Down In Three Weeks
- Details Category: Regulatory
After nearly four years in office, SEC Chairman Mary L. Schapiro today announced that she will step down on Dec. 14, 2012. Schapiro served as chair through one of the most turbulent times in financial history. It's rare for the SEC chair to serve more than four years and Schapiro for months had reportedly told those close to her she was exhausted, having served at a time when the agency was held in low regard after the lax regulation that led up up the financial crisis.
Financial Stability Oversight Council Proposes Three Alternative Structures For Money Market Funds And Puts Them Out For Comment
- Details Category: Advertising Compliance
The Financial Stability Oversight Council decided to open to public comment changes it plans to make in money market funds.
It is proposing three alternatives to the current structure.
Don Trone Weighs In On Whether CFPs Who Work For Broker/Dealers Can Adhere to CFP Board’s Fiduciary Standard
- Details Category: Regulatory
Don Trone, widely considered the founding father of the fiduciary movement among private wealth advisors, is known for saying what he thinks. So I asked his opinion about the very public disagreement between Kevin Keller, the head of the CFP Board, and Allan Roth, a CFP and blogger for The Wall Street Journal. Trone, the founder and CEO of 3ethos, which trains fiduciaries, did not hold back.
Another Advisor Claiming To Be A Fiduciary Accused Of Defrauding Investors
- Details Category: Registered Investment Advisors
Another RIA and its owner that were recently charged by the Securities and Exchange Commission with running a Ponzi scheme made the fiduciary obligation to clients the central focus of its marketing.
FINRA Considers Proposal Mandating Greater Consumer Access To BrokerCheck Through Web Links
- Details Category: Registered Reps
FINRA has drafted a proposal mandating that broker-dealer websites contain a link to its BrokerCheck system. The proposed amendment would also cover any website maintained by or on behalf of anyone associated with of member firms.
More Articles ...
- Fiduciary Rule For Brokers? Not Dead Yet Say Advisors
- Broker Says Record That Shows Investor Complaints Totaling $1.4 Million Should Be Expunged Out Of Fairness And A California Appeals Court Agrees
- Advisor, A Prominent Utah Republican Fundraiser, Suspended As CFP After Being Charged With Sexually Assaulting Five Women
- SEC Agrees To Propose Rule With 30-Day Comment Period That Would Allow Issuers Of Private Investors To Advertise To The Public
