In a letter to SEC chairman Mary Jo White, two key House Republicans outline opposition to having RIA pay for SEC exams; tell her to reallocate resources to boost exam record
IBD organization expresses suitability concerns with regulator's proposed data-collection system and predicts cost of $250,000 to $1 million — with ongoing maintenance above that.
Opponents like SIFMA and FSI remain wary of the potential costs, customer data security, but Finra asserts that CARDS will help investors.
As Congress prepares to vote on funding, the Labor Department's fiduciary duty rule and some pension benefits could be at risk in last-minute deal making.
Wirehouse settles class action claim the firm wrongly withheld incentive compensation from two former advisers who changed firms.
DOL conflicts-rule champion Phyllis Borzi steps back while secretary meets with industry
The agency's goal is to ensure funds are liquid enough to meet client redemptions.
Federal financial regulators collaborate on consumer <a href="//smartcheck.cftc.gov"" target=""_blank"" rel="noopener noreferrer">website</a> linking resources on advisers and investment products.
Harbinger Capital's Phil Falcone is being scrutinized by the SEC for allegedly borrowing client funds to pay taxes and giving preferential treatment to Goldman Sachs
NASAA calls binary options, stream-of-income and marijuana schemes emerging investor threats.
Net worth standard is top criteria but views mixed on whether to raise it.
The clearing and custody giants have followed B-Ds by suspending sales of nontraded REITs controlled by Nicholas Schorsch, presenting another potential blow to the real estate czar's business.
Firm accuses Tampa, Fla.-based Camelot Wealth Management, formed earlier this year by a former branch manager, of unlawful practices in hiring two former Schwab advisers.
Potential changes to the process by which brokers can remove disciplinary information from their online records are under review.
Finra has barred a broker-dealer and its founder for allegedly defrauding a number of current and former NFL and NBA players out of nearly $14 million as part of a Ponzi scheme
Start the week off with <i>Breakfast with Benjamin</i>, featuring an adviser pulling a Ponzi scheme on his own mother. Plus: JPMorgan settles with mineral-rights owners, becoming a 'financial catch,' and using dividend stocks to be like Warren Buffett.
Firm admits wrongdoing; broker accused of misusing confidential customer information to trade on Burger King acquisition.
Appropriation of $1.4B also falls short of regulator's request to strengthen oversight; separate bill to cover exam costs gains bipartisan support.
Trading debt and equity for a distribution relationship may not be right for all advisers.
SEC, Finra and state securities agencies have been in contact with the Schorsch firm after a $23M <a href="http://www.investmentnews.com/article/20141029/FREE/141029902/nicholas-schorsch-downplays-arcps-23m-accounting-debacle" target="_blank">accounting error was revealed</a> at a sister company. RCAP also confirms Massachusetts investigation.
