Legislation recently approved by a House committee would deem the clients of investment advisors to be accredited investors.
The SEC's current definition of small advisors is 'antiquated,' which means the agency's regulations are not properly calibrated for such firms, the Investment Adviser Association said.
With cheerleaders on the left and critics on the right, the chair of the Securities and Exchange Commission stays focused on what matters.
The SEC chair says the views of Republican commissioners can influence rules, even if unanimous support can't be achieved.
LPL's advisor head count totaled 21,521 at the end of Q1, an increase of 246 advisors from the previous quarter and up 1,430 year over year.
Rep. Maxine Waters, D-Calif., said she's worried that seniors who aren't tech savvy may not be able to opt out and receive paper disclosures.
The legislation would amend the definition of accredited investor to include people who have certain licenses, education or experience.
The American Institute of CPAs is also backing the measure because it would cover expenses related to the CPA exam.
Ray Jay and its brokers claimed the German lender failed to pay revenue share and residual trailer fees on commercial loans.
Kate Healy, managing director of the CFP Board's Center for Financial Planning, focuses on the increase in the number of new female CFPs.
