Some 53% of CFPs would do more pro bono planning work if their firm encouraged it, yet only 28% report that their firms support it, according to a new survey from the Foundation for Financial Planning.
Do not forget the basics.
The SEC should classify smaller firms based on employee headcount instead of assets under management, according to the IAA’s General Counsel.
With the “free money” well running dry, compliance is one area that heavily regulated firms should think long and hard about before cutting to conserve cash.
The businesses will pay a combined $850,000 for allegedly using hypothetical performance in advertising without updating their policies and procedures to comply with the rule.
Too many firms were failing to consider and offer lower-cost or lower-risk alternatives to the non-traded products, or other complex offerings like private placements, according to a new report from state regulators.
A pair of recent legal setbacks have Wall Street’s top cop on the defensive.
The ruling marks a major legal win for the crypto industry and sent the price of Bitcoin surging by as much as 7%.
The Commission is expected to respond to filings from Bitwise, BlackRock, VanEck, WisdomTree and Invesco.
