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Richard Ketchum voices support for SEC to move on a uniform fiduciary standard for brokers and advisors, while warning of unintended consequences from DoL's proposal.
Experts say the vast majority of abuse cases involve family members and close friends or associates, but financial professionals play a part, too.
Experts cite challenges in building and prosecuting cases involving elder financial abuse, suggesting advisors need policies and procedures to spot and report issues as they arise.
Investigating potential elder abuse can be tricky, particularly when dealing with a long-time client who might be suffering from cognitive impairment.
Federal and state examiners still see compliance failures when advisors take to social media to promote their practice.
State securities officials are drafting a model rule that would provide advisors cover if they delayed a transaction when they suspected the client was the victim of exploitation.
Vanguard, BlackRock executives argue that regulators considering bank-like oversight of mutual funds are misreading the industry and inviting unintended consequences.
Chairwoman re-ups support for uniform fiduciary standard for advisors and brokers, but says it will only be effective if examinations increase.
Walter Bettinger argues robos might work for "a very small percentage of people," but not for the overwhelming majority of the investing community.
The common experiences of this younger generation makes them a different type of client than the traditional U.S. investors.
As new state regulations loom, experts caution that examiners already expect advisors to have a business continuity and succession plan in place.
The wife of Home Shopping Network co-founder Roy Speer is seeking upwards of $170 million in damages for excessive trading and breach of fiduciary duty in a case pending before FINRA.
The commission alleges that the advisor and his associates defrauded investors by concealing key information about unpaid debts in two rounds of securities offerings in farm loan ventures.
The association of state securities regulators has proposed a rule that would compel advisors to maintain formal business-continuity and succession plans.
Amid flagging confidence in retirement security, advisors can change the conversation by focusing on outcomes and planning for sustainable income.
New research finds that advisors can play a critical role in alleviating some of boomers' retirement anxiety -- even if they may underestimate how long it takes to build client trust.
The proposed consolidated database would bring together BrokerCheck and IAPD and include data on unregistered financial professionals across the industry.
Andrew Bowden will return to the private sector after four years of working to streamline the SEC's advisor exam program.
To better police the advisory industry, the SEC chief seeks additional funding for advisor examinations and to bolster enforcement.
Investigators will remain focused on RIAs, the commission's enforcement chief told lawmakers in his appeal for funds to add staffers.