New Best Practices Aim to Codify Advisors' Fiduciary Duty
Aiming at a new professional certification, the Institute for the Fiduciary Standard published a draft of best practices for fiduciaries, seeking to help investors distinguish between "product sellers and advice givers."
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Large data pulls required in stepped-up SEC exam are not related to ongoing troubles at Girard parent RCS Capital or American Realty Capital, CEO says. more »
Latest setback for Schorsch's financial empire as accounting firm steps aside. more »
Fake identity fraud is growing, due to the plentiful array of consumer account and card data available in the wake of massive data breaches. It's a crime banks find almost impossible to detect and deter more »
Oppenheimer Holdings will pay $20 million to settle U.S. regulatory claims that it improperly sold billions of shares of penny stocks on behalf of an offshore brokerage. more »
The American Institute of CPAs has written to some of the top tax lawmakers in Congress asking them to grant relief to taxpayers in appropriate situations when they miss a statutory deadline or make an error in choosing an election. more »
The claim represents more than half the awards handed out by the regulator against advisors so far this month. more »
FINRA banned a rep for allegedly forging a customer's signature on bank withdrawal slips, a move that allowed the customer's sister to steal $3,900 from the customer's account. Two others were suspended for relatively minor infractions. more »
When does it make sense to buy your list of clients? Attorney Alan Foxman explains. more »
Norm Champ, the SEC’s director of investment management, will resign after five years at the agency, the SEC said. more »
The president used his annual speech before Congress to defend Dodd-Frank while pleading that lawmakers pass cybersecurity legislation. more »
“Everybody should be concerned about cybersecurity,” says John Taft, CEO of RBC Wealth Management-U.S. more »
Pimco will fight a lawsuit by a shareholder of its Total Return Fund alleging the company gouges investors with excessive advisory fees to support billion-dollar bonuses for top executives. more »
Here's what the brokerage industry's disinformation-mongers might be telling senior brokerage executives. more »
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