Compliance
Due Diligence Fracas Widens As REIT Suitability Prompts Big FINRA Charges
- Details Category: Registered Reps
David Lerner Associates is the center of FINRA's latest due diligence complaint, this time over the suitability of proprietary REIT securities that the regulator says were too aggressively sold and too lightly researched.
SEC Updates Congress On Ponzi, Porn, Other Scandals
- Details Category: Regulatory
The SEC inspector general's latest semiannual report to Congress is lengthy but all that detail provides a rare look at how the regulator really operates -- warts and all.
SEC Shutting Down Alleged Fake Investment Scheme That Lasted A Full 20 Years
- Details Category: Regulatory
If not for a lucky phone call, the SEC would never have noticed that an Illinois advisor had apparently been concocting fake investment statements for his clients since the late 1980s.
SEC Internal Probe Blasts The Regulator's Office Space Usage As Wasteful And Overly Ambitious
- Details Category: Regulatory
The SEC's internal investigator has determined that the regulator's $500 million lease of vast amounts of unneeded office space was only the latest blunder in a litany of bad real estate choices.
New Advisor Regulatory Burden Will Actually Be "Modest," Analysts Say
- Details Category: Regulatory
Despite all the angst out there, sell side analysts at Keefe Bruyette & Woods say the cost of looming regulation for the industry will be "incremental" at worst and that fears are "overblown."
