Registered Investment Advisors
Performance Reports Closely Scrutinized By SEC In Barring Investment Advisor Representative; A Lesson To Principals On Disclosing Reasons For Terminating Employees
A 30-page ruling permanently barring a private wealth advisor from ever again associating with a Registered Investment Adviser delved into the minutiae of portfolio reporting practices and calculations, and could signal that the SEC’s promise to scrutinize more closely performance reporting in the post-Madoff era is starting to result in sanctions against RIAs and IA reps. The case also highlights the need for principals at advisory firms to be truthful in filing U5 termination notices when an employee is fired for misconduct, even if it means hurting an individual's professional car
The SEC Has So Much On Its Plate That Advisory Regulation, Fiduciary Rules Are Rolling Off
Ironing out "oversight of investment advisors" is theoretically on the SEC's calendar for the next six months, but the regulator's priorities are clearly going to be elsewhere.
Advisor's LinkedIn Scam Triggers SEC Social Media Alert
An advisor in the Chicago area has not only attracted a cease-and-desist order but gotten the SEC to get off the fence when it comes to social media use among advisors.
No Progress? 2011 Ends With The Same Regulatory Questions Advisors Were Facing 12 Months Ago
SEC-registered advisors are closing out 2011 in almost exactly the same fundamental position as they started it: with minimum clarity on who will regulate them in the future.
In December 2010, the Financial Planning Coalition was begging the SEC to keep advisory firms under its supervisory umbrella.
Twelve months later, no change. We still don't know whether the SEC will unload its RIA monitoring responsibilities to a self-regulatory organization -- probably FINRA, at this point -- or come up with another solution.
All advisors really know at this point is that compli
Previous "Safe Harbor" Practices May Not Be Adequate In 2012, Compliance Guru Says
Advisors who thought they were doing everything right may get a rude awakening next year, according to noted securities lawyer Tom Giachetti.
