Regulatory & Compliance

Regulatory & Compliance (282)

DoL to Restrict Certain Products in IRAs

Financial services firms are awaiting a list of products that the Department of Labor may restrict from being used in IRAs as part of its fiduciary standard rule. So reports Financial Advisor. Read more...

SEC Clamps Down on Myth Buster for Pitching a Myth

The Securities and Exchange Commission has filed fraud charges against Dawn J. Bennett, whose radio program focused on busting financial myths. So reports Think Advisor. Read more...

Labor Department Head Pushing Ahead with Fiduciary Rule

Labor Secretary Thomas Perez says he will continue to push for a fiduciary standard for retirement plan advisors even though Republicans and moderate Democrats are concerned that the rule could harm low-income individuals. So reports The Hill. Read more...

DoL Receives Petition in Favor of Fiduciary Standard

Advocates of the fiduciary requirement for retirement investment advisors have delivered a petition with 230,000 signatures to the Department of Labor to urge the regulator to support the proposed standard. Read more...

Industry Groups Propose Alternative to Fiduciary Standard

Industry trade groups are proposing legislation that would require retirement planning advisors to serve in the best interest of clients rather than comply with the Department of Labor’s proposed fiduciary standard, says Steve Saxon, chairman of Groom Law Group. So reports ThinkAdvisor. Read more...

FINRA Chief: Fiduciary Standard May Hurt Lower-Income Investors

Adopting a fiduciary standard for retirement advisors could cause investment professionals to fear legal liability and abandon the market, which could result in a loss of services to low- and middle-income investors, says FINRA Chairman and CEO Richard Ketchum. So reports Financial Planning.

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SEC Chief of Staffing Stepping Down

Securities and Exchange Commission Chief of Staff Lona Nallengara is stepping down from the post after serving for two years in the position. So reports Newsroom America.

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Regulators Target High Speed Trading and Swap Clearing Houses

Risks associated with high speed trading and organizations that clear swap transactions are being scrutinized by regulators, says Federal Reserve Chair Janet Yellen. So reports Bloomberg.

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Advisor Sentenced to 9 Years in Prison for Investing Scam

St. Louis area financial advisor Bryan Binkholder has been sentenced to nine years in federal prison and must repay victims $3.6 million after pleading guilty to wire fraud and bank fraud. So reports the St. Louis Post-Dispatch.

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Corrupt Advisors: The Myths and Motivations

An overview of punishment dished out to advisors found guilty of running investment scams quickly dispels the myths about the treatment of white collar criminals in the U.S. It also shows that advisors have differing reasons for running afoul of the law.

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