Regulatory
Dodd-Frank Doesn't Have To Be Expensive, Compliance Officers Say
With "soaring regulatory costs" at the top of many advisors' list of potential headaches, it's surprising that the compliance industry sees spending staying right where it is.
Big Surprise: Advisors Nervous About Regulation Are Spending More On Compliance
Advisory firms are spending a lot more money on high-tech solutions to regulatory problems, according to the latest numbers from auditors at KPMG.
Rogue Sales Assistant Costs Citigroup $500,000 In FINRA Fines
Those wondering why backoffice personnel need to be regulated should look no farther afield than Citigroup, where a rogue sales assistant just cost the firm $500,000 and plenty of goodwill.
Texas Insurance Agent Faces Up To 170 Years For Selling $5 Million In Fake Annuities
An Amarillo insurance salesman has confessed to writing $5 million worth of nonexistent "private" annuity contracts and could be sentenced to spend over a century in prison.
SEC Shifts The Hot Seat On Structured Product Sales From Due Diligence To Suitability
The SEC took a close look at how brokers have been selling structured products and the "due diligence" charge that almost brought down Securities America doesn't appear once in the final report.
More Articles ...
- Mary Schapiro Still Committed To Universal Fiduciary Standard, Warns On SEC Funding Issues
- Sad Case: Houston Advisor Under SEC Investigation Kills Self, Revealing Dark Side Of Sports-Investing Business
- Dodd-Frank Costing $417 Million This Year, According To New GAO Report
- Rogue Currency Trader Brought Back To U.S. To Face Charges
