Regulatory & Compliance (282)
SEC Alleges Cetera Conducted $10M Scam
- Friday, 13 September 2019
- Regulatory & Compliance
- Written by PFA News
The Securities and Exchange Commission has charged Cetera Advisors with defrauding retail advisory clients in a scam that generated more than $10 million in undisclosed fees. So reports FA Magazine.
Read more...SEC Appears to Be Lukewarm on Indexed Annuities
- Friday, 30 August 2019
- Regulatory & Compliance
- Written by PFA News
The “Investor Bulletin: Indexed Annuities” recently issued by the SEC’s Office of Investor Education and Advocacy appears to imply that the regulator is lukewarm on indexed annuities and doesn’t fully understand the product. So reports ThinkAdvisor.
Read more...Revised Volcker Rule Provides Banks with Regulatory Relief
- Friday, 30 August 2019
- Regulatory & Compliance
- Written by PFA News
The Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) have approved a revised version of the “Volcker Rule” that reduces restrictions on trading that applied to banks that accept taxpayer-insured deposits. So reports Reuters.
Read more...CFP Board Pledges to Increase Advisor Scrutiny
- Saturday, 03 August 2019
- Regulatory & Compliance
- Written by PFA News
After an article in The Wall Street Journal reported that the CFP Board of Standards was lax in enforcing requirements for advisors, the organization has vowed to step up its enforcement. So reports CNBC.
Read more...CFB Board Extends Deadline for New Ethics Rule
- Saturday, 20 July 2019
- Regulatory & Compliance
- Written by PFA News
The Certified Financial Planner Board of Standards is delaying the deadline for compliance with its new Code of Ethics and Standards of Conduct rule to June 30, 2020. So reports ThinkAdvisor.
Read more...Securities Association Urges CFP Board to Ease Fiduciary Requirement
- Saturday, 06 July 2019
- Regulatory & Compliance
- Written by PFA News
The American Securities Association is urging the CFP Board of Standards to ease up on enforcing its fiduciary requirement for CFP holders who comply with Regulation Best Interest. So reports Barron’s.
Read more...Raymond James Agrees to $15M Settlement
- Saturday, 15 June 2019
- Regulatory & Compliance
- Written by PFA News
Raymond James has agreed to a $15 million settlement to resolve a lawsuit originally filed in 2015. The lawsuit claimed the firm had inflated its fees by up to 10 times in its passport accounts, which are self-directed. So reports Financial Planning.
Read more...Editorial Slams Regulation Best Interest
- Saturday, 15 June 2019
- Regulatory & Compliance
- Written by PFA News
Regulation Best Interest, or BI, is throwing 401(k) investors under the bus and, contrary to its name, doesn’t require non-fiduciaries to use the best interest standard when serving clients. So argues a column in MarketWatch.
Read more...Editorial Slams Regulation Best Interest
- Saturday, 15 June 2019
- Regulatory & Compliance
- Written by PFA News
Regulation Best Interest, or BI, is throwing 401(k) investors under the bus and, contrary to its name, doesn’t require non-fiduciaries to use the best interest standard when serving clients. So argues a column in MarketWatch.
Read more...Investor Safeguards Upheld by Supreme Court
- Saturday, 30 March 2019
- Regulatory & Compliance
- Written by PFA News
The U.S. Court of Appeals has upheld a ruling by the Securities and Exchange Commission that determined that Francis Lorenzo was responsible for defrauding investors by sending emails seeking funding for a bogus waste-to-energy company. So reports Reuters.
Read more...
Most Read
-
-
Feb 21 2011
-
Written by Administrator
Add us to your Safe Sender list: We want to…
-
-
-
Mar 09 2013
-
Written by Staff Writer
While market bulls are understandably cheering the ongoing equity rally…
-
-
-
Nov 07 2012
-
Written by Administrator
Privacy Policy Progressive Media Group, Inc. provides market information, including…
-
-
-
Nov 07 2012
-
Written by Administrator
Progressive Media Group Subscription Agreement This agreement states the general…
-