Compliance
High-Living New Hampshire Advisor Charged With Taking $1.9 Million From A Client
- Details Category: Regulatory
A once-affluent advisor has been stripped of his remaining licenses, had his mansion repossessed, and now faces federal charges for allegedly defrauding one client in particular of nearly $2 million.
SEC Approves New "Switch" Rule for Mid-Sized Investment Advisors
- Details Category: Regulatory
Earlier this week, the U.S. Securities and Exchange Commission (“SEC”) approved a new rule “switching” regulatory responsibility from the SEC to state securities regulators for mid-size investment advisers (between $25 million and $100 million of what will now be known as “regulatory” assets under management).
Switch Of Mid-Size RIAs To State Supervision Is Official
- Details Category: Regulatory
Despite some speculation earlier this year that the SEC would delay implementing the Dodd-Frank changes to the Investment Advisers Act of 1940, the new rules are now on the books and the enforcement clock is ticking.
SEC Approves Separate Registration For Backoffice Staff, But Lawyers Still Worry
- Details Category: Regulatory
After a relatively brief revision process, the SEC has given the green light to an unpopular FINRA proposal to regulate a lot of the support staff who have peripheral interactions with investor accounts.
Decisions On Fiduciary Standard And Regulator Of RIAs Delayed Officially
- Details Category: Regulatory
Since movement in Washington can make watching paint dry look fast, none of the trade news outlets for advisors yesterday covered the fact that the SEC made its delay official yesterday. Don't expect any decisions regulatory issues affecting advisors anytime soon.
More Articles ...
- DOL Beefing Up Enforcement Of Retirement Plans
- SEC Proposes Deeper Scrutiny Of Broker-Dealers
- Obama Nominates Securities Lawyer To SEC, But Don't Expect It To Speed Up Decisions On Regulatory Reform Issues Affecting Independent Financial Advisors
- Former Morgan Philadelphia Boss Subject Of FINRA Probe
