Compliance
Dodd-Frank Mandates Registering Municipal Advisors But Congressional Committee Says SEC's Proposed Rule Is Over The Top
- Details Category: Regulatory
A Congressional hearing on Friday, both Republicans and Democrats said that legislation the SEC is seeking that would require municipal advisors to register crosses into over regulation. The legislation was mandated by Dodd-Frank and was proposed by the SEC in December 2010.
Letters From Failed Suicide Attempt Of PFGBest CEO Reveal Lack Of Regulatory Oversight As Well As How Embezzled Funds Were Used
- Details Category: Regulatory
Concern for lack of oversight by regulatory authorities is emerging from the embezzlement case of Peregrine Financial Group Inc. (PFG). Letters left by Peregrine’s CEO Russ Wasserman were uncovered during a failed suicide attempt last week when regulators along with the FBI discovered during the ensuing investigation that $215 million of client funds were missing.
New Privacy Laws Being Passed By A String Of States May Conflict With FINRA Social Media Rules
- Details Category: Regulatory
Recent legislation passed by the state of Maryland that prohibits prospective employers from requiring the usernames and passwords of potential employees may set up privacy tenets that run against FINRA’s social media rules.
Advisors React to FINRA’s New Suitability Rule; Problems Likely For Dually Registered Advisors
- Details Category: Regulatory
It’s official. FINRA Rule 2111, which was approved by the Securities and Exchange Commission (SEC) in November 2010, and went into effect this week, July 9, 2012 to be precise, is now the law, or should we say, the rule of the broker-dealer land.
Dodd-Frank Legislation To Be Reviewed During Entire Month Of July
- Details Category: Regulatory
As its two-year anniversary approaches, the benefits of the Dodd-Frank legislation are being examined—and questioned. The House Financial Services Committee led by Spencer Bachus (R-AL) is challenging the merits of the legislation, saying its tenets are proving to be more of a burden than a boon to American financial markets and investors.
More Articles ...
- The Deadline For Filing For State Registration Is Next Week!
- Why Is CalPERS Always Getting Appointed To Head Investor Protection Efforts? If You Want To Protect Investors, Aren’t There Other Capable Representatives Less Politically Entwined?
- Another Bad Turn In The Tragic Saga Of Matt Hutcheson, Onetime Spokesman For Fiduciaries
- SEC's New Investor Advisor Committee Focuses On Investor Needs Rather Than Fiducairy Status Of Intermediaries
