Updated Sunday, April 20, 2014 as of 10:03 PM ET
SEC to Scrutinize Advisor Self-Dealing
ARLINGTON, VA. -- Enforcement authorities at the SEC are planning to take a hard look at potential instances of self-dealing and other conflicts of interest in the investment advisor space.
In particular, the commission is looking for cases when advisors trade on behalf of clients without written disclosure and consent, or fail to process a trade on the most favorable terms for their clients, Julie Riewe, the co-chief of the Asset Management Unit at the commission's enforcement division, said Thursday at the Investment Adviser Association's compliance summit.   more »
More in Clearinghouses/ Custodians
Only 42% of couples who have advisors work with them jointly, according to a new Fidelity study. Here's one way to fix the problem. more »
JPMorgan Chase and Goldman Sachs Group, the world’s biggest trading firms, had their revised capital plans for 2013 cleared by the Federal Reserve on Monday, a month before next year’s submissions are required. more »
The firms have been sanctioned by the SEC for violating the custody rule that requires them to meet certain standards when maintaining custody of their clients’ funds or securities. more »
Fewer RIAs this year are in the mood to sell thanks to stable growth in the markets. more »
The company announced Thursday that Schwab Investment Management would be introducing six new ETFs, weighted by fundamental factors instead of by traditional market capitalization. more »
Washington Wealth Management is continuing its rapid growth -- albeit at a slighter slower pace than its own CEO had forecast. more »
From comedians to industry insiders, find out who Pershing's Mark Tibergien follows on Twitter and how advisors can take advantage of the platform. more »
Advisors must be vigilant about protecting clients from the risk of wire fraud. Pershing's Mark Tibergien offers tips on how advisors can protect clients and themselves from this increasingly common threat. more »
Strong performance in the firm’s wealth management segment was a bright spot on third quarter earnings. more »
Bank of New York Mellon Corp., the world’s largest custody bank, reported a first-quarter loss after the U.S. Tax Court disallowed certain tax credits. more »
Northern Trust, the third- biggest independent U.S. custody bank, said first-quarter profit rose 1.7 percent as stock-market gains boosted the value of assets the company oversees. more »
Advisors on the Move: Cambridge Snags $500 Million Team

Current Issue

The April Issue is now online!

Already a subscriber? Log in here