Compliance
Benchmarking Target Date Funds Should Be An Easy Decision: Procedural Prudence
- Details Category: Regulatory
Fiduciaries have a duty to monitor and evaluate their target date funds’ (TDF) performance, but what's the right benchmark?
RIAs Don’t Seem To Care Very Much About The Regulatory Debate; Reaction To Last Week’s FINRA-SRO News Was Muted
- Details Category: Registered Investment Advisors
When news broke last Wednesday about the reintroduction of legislation that would make FINRA the regulator of RIAs, all of the advisor trade publications covered the story. Financial Planning even issued a “breaking news” alert. The reaction since from RIAs has been muted.
At Investment News, the article covering the controversial bill garnered 11 comments. The AdvisorOne story evoked just one comment. The Financial Planning breaking news story has attracted no comments. At Financial Advisor magazine, there have been no comments on the April 25 story. Here on A4A, wher
FINRA Reprimands A Member Of Its Own Board
- Details Category: Advertising Compliance
During the same week that a House bill was reintroduced by Financial Services Chairman Spencer Bacchus that could pave the way for FINRA to become the financial services industry’s self-regulatory organization, FINRA suspended one of its board members for failure to supervise.
The Battle Between SIFMA And The Institute For The Fiduciary Standard Heats Up
- Details Category: Regulatory
The battle over the appropriate application of the term “fiduciary” has intensified toward an industry organization, the Securities Industry and Financial Markets Association (SIFMA). The Institute for the Fiduciary Standard, an organization that represents investment advisors, has accused SIFMA of trying to misapply the term in an effort to water down the application to brokers.
Cost-Effectiveness May Derail DOL's Expanded Application Of "Fiduciary"
- Details Category: Regulatory
The latest development in the Department of Labor’s (DOL) effort to include retirement plan advisors as fiduciaries is centered on cost effectiveness. The expanded application of fiduciary duty would reach advisors who manage individual retirement accounts (IRAs).
