Regulation and Compliance issues for Wealth Professionals can be challenging to navigate especially when the SEC is involved. Catch the latest news and analysis on compliance updates that impact financial advisors.
An investigation by state securities regulators found the independent broker/dealer failed to prevent the sale of certain equity and fixed-income securities that may not have been properly registered in their domains.
The DOL missed the deadline to file for a rehearing in the Fifth Circuit Court of Appeals, meaning the Court’s decision to vacate the fiduciary rule stands.
The SEC’s definition of the fiduciary “Duty of Care” makes any regulation difficult to enforce. It needs to offer a more concrete interpretation: one that focuses on the research upon which investment recommendations are based.
The consumer group, along with the attorneys general of California, Oregon and New York, are seeking a rehearing by the Fifth Circuit, which vacated the DOL fiduciary rule.
FINRA releases FINRA360 Progress Report, new website helps investors find fiduciaries and D.A. Davidson adds at $380 million team in Colorado Springs, Colo.
The fines, $500 million each to the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency, covers issues in Wells Fargo’s auto-lending and mortgage units.