An arbitration panel ordered two units of Raymond James Financial Inc.
(RJF) to buy back $2.5 million in auction rate securities from an
investor.
FINRA is taking another crack at
the touchy question of how much financial information investors and
brokerages have to exchange when a dispute goes into arbitration.
The SEC unanimously voted to make Form ADV Part 2 a "plain English" document.
State securities regulators are upset over what they say is a plan by the SEC to drop a shared system that has gathered
information on RIAs and made it available to the public.
Broker-dealers and financial advisors say they're satisfied for the most
part with the overhaul bill passed by the Senate and are now gearing up
to help shape the changes.
A securities arbitration panel ordered J.P...
The SEC has approved a plan to widen the pool of candidates that potentially
could hear an arbitration proceeding.
by
Dorothy Hinchcliff
It's not just clients who don't understand what people who hold
themselves out as financial advisors are obligated to do for them. A new
survey shows that many advisors are confused, too.
by
Dorothy Hinchcliff
A fund manager based in the U.S. Virgin Islands operated a $105 million
foreign currency Ponzi scheme that involved 400 investors, the
SEC charges.
by
Dorothy Hinchcliff
The SEC has charged an advisor
with fraud for taking $6.9 million in
client money and investing it in promissory notes of a real estate
company that buys and renovates distressed properties.
Elements of the sweeping financial reform will impact financial advisors by affecting the terms of their relationships
with clients, their business practices and the products they offer.
Employing part-time financial advisors often requires a robust
compliance program-at a cost that has some companies rethinking their
business strategies.
The compromise on the fiduciary standard reached in the financial services reform bill will only prolong the debate.
by
Jeff Schlegel
The SEC has charged a New York investment advisor with
malfeasance and ill-gotten gains involving collateralized debt
obligations that caused investors millions in losses.
Recruiting young athletes who stand to earn millions of dollars during
their professional careers can be lucrative for financial advisors, but
it requires navigating through a compliance...
Many financial advisors are using social-networking Web sites despite
company directives that prohibit the practice, a recent survey has
revealed.
A group of state regulators say they're up to the
task of policing smaller investment advisors. They just may be short on
some details.
If you want to figure out where the next big
financial crisis is coming, watch the proceedings in Washington over
the next two weeks.
A lot of attention has been given to the impact new
financial rules might have on banks, but at least one analyst argues the potential hit on large brokerage firms is being
overlooked.
by
Jeff Schlegel
Congress on Wednesday
starts to tackle the investor protection provision of the financial
services reform package that could determine the fiduciary standard's fate.
