Advertising Compliance

How Investment Advisors Can Hide Endorsements In Their LinkedIn Profiles To Be Compliant: The Movie

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RIAs know that they're not supposed to have any form of testimonials in their advertising materials. On LinkedIn, that has always meant not posting any "recommendations" to your profile. About two month ago, LinkedIn added "endorsements" to everyone's profiles, and investment adviser reps must now turn those off.   Bill Winterberg, CFP, a technology consultant who writes regularly about advisor technology, has made a very helpful two-minute video that shows you how to remove LinkedIn endorsements from your profile.  It's not a Hollywood blockbuster, but it is ver

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Financial Stability Oversight Council Proposes Three Alternative Structures For Money Market Funds And Puts Them Out For Comment

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The Financial Stability Oversight Council decided to open to public comment changes it plans to make in money market funds.   It is proposing three alternatives to the current structure.

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FINRA Conducting Swath Of Investigations To Get To Know Broker-Dealer Practices

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FINRA is conducting a wide sweep of investigations of broker-dealers on conflicts of interest. FINRA claims it simply wants to get to know broker-dealer practices better. But industry attorneys say FINRA could be ramping up for increased enforcement actions.

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FINRA Reprimands A Member Of Its Own Board

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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.

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SEC Spends Funds On Mandated Consulting But Can't Afford To Implement Recommendations

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Since the 2008 credit crisis, the SEC has been criticized for its lack of effective management and organization. But it spent so much money getting recommendations for restructuring that it can no longer afford to implement them. Restructuring could also be disruptive to operations. So the agency will focus on a small number of projects, none of which includes revamping its operations.

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