A confidentiality order in an arbitration case in which a branch manager won a victory is considered unusual.
The SEC is stirring anxiety among some financial advisors by reaching out to
clients at random, questioning them about their advisory relationship
and verifying account assets.
A brokerage company's former CEO has been suspended for improper marketing of private placements, the first settlement in a crackdown by Finra on sales practices involving these securities.
by
Karen DeMasters
Federal authorities have filed additional fraud charges against a
Massachusetts financial advisor who has already amassed a track record of fraud, rape and kidnapping.
The Securities and Exchange Commission approved
a rule Wednesday requiring some investment advisors who manage customer
funds to undergo annual surprise audits.
Legislation to empower a self-regulatory organization--such as Finra--to regulate
investment advisors was defeated Friday, prompting relief from those opposing the measure.
The Securities and Exchange Commission has sued Rockford Funding Group
LLC, alleging the New York investment firm orchestrated an $11 million
Ponzi scheme.
Financial Services Overhaul Getting Closer
December should be a busy month for those involved with overhauling the U.S. financial services industry...
Corporate compliance officers have been rolling their eyes at the
unfolding story of Terra Nova Financial LLC, the Chicago broker-dealer
fined $400,000 for making improper soft dollar payments.
Securities regulators are on the lookout for conflicts of interest that
may arise from the large recruiting packages some broker-dealers offer
the financial advisors they're wooing.
by
Dorothy Hinchcliff
More than 300 investors nationwide were lured into a $30 million Ponzi
scheme that focused on "green" investments, according to the Securities
and Exchange Commission.
by
Jeff Schlegel
Financial services reform is coming. How will it impact advisors?
by Clifford Caplan
Advisors need to consider how catastrophic events could help portfolios outperform.
by
Ray Fazzi
SEC Chairman Mary Schapiro signaled today that the
commission is preparing to take a tougher regulatory stance on retirement
products, hedge funds, OTC derivatives and asset-backed securities.
by Kristina Fausti
It appears that the SEC will remain the primary federal regulator of investment advisors, at least for now.
by
Dorothy Hinchcliff
The CFP Board of Standards has revoked CFP licenses from three advisors and disciplined three others.
by
Dorothy Hinchcliff
A North Carolina couple settled charges yesterday in which
the SEC allege they bilked $32.5 million from
about 500 investors, many of whom they met at church gatherings.
by
Dorothy Hinchcliff
A Brooklyn, N.Y., money manager has settled charges that he ran a $40
million Ponzi scheme in which he promised investors
guaranteed high returns from safe, liquid investments, the SEC says.
by
Ray Fazzi
William Baldwin, president of
Pillar Financial Advisors in Waltham, Mass., today began a one-year term as
chairman of the National Association of Personal Financial Advisors (NAPFA).
