Dan is a business journalist who previously worked for various local newspapers and industry publications. He also worked for two years in Beijing as an editor at China Daily. A graduate of the University of Missouri-Columbia, he has written about banking, local governments and the legal profession, among other subjects. He now covers how politics, policy and regulation affect the financial planning industry.
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Former SEC lawyers say regulators are now likely going through their cases and deciding which are emergencies worth pursuing even if the agency's staffing is severely reduced.
September 28 -
The SEC also alleges the firm's founder invested clients' money through a fund that employed his wife without disclosing the conflict.
September 26 -
The firm stood accused of not having policies to ensure clients' money was invested in keeping with environmental, social and governance goals.
September 25 -
It's not all hard luck and even harder times in country music. Sometimes the songs are about making money — and they can offer some sage advice on what to do with it.
September 22 -
An SEC panel meets to question who should meet the criteria for putting money into complex and possibly risky investments.
September 21 -
Mutual funds will have to take extra care when using terms like ESG, value and growth.
September 20 -
GlennCap and its founder stood accused of directing the best investment returns to clients who paid the most.
September 18 -
The appointment comes as the storied Wall Street dealmaker seeks to build its ultrahigh net worth business while providing support services to independent advisors.
September 14 -
The SEC accused the firm of raising a sixth round of funding even though red flags were popping up left and right.
September 13 -
State regulators discovered fewer deficiencies with investment advisors but some say they could be doing more to protect vulnerable clients.
September 12 -
With market uncertainty still in the air, annuities continue to break sales records. Advisors say they work for some clients, but not all.
September 11 -
Under the proposal, critics argue, investment ads could be considered recommendations triggering advisors' obligation to look out for clients' best interests.
September 7 -
The team joining Fidelis Capital will specialize in working with wealthy families.
September 5 -
The global bank saw a decline in its wealth management headcount for its Americas region even as its invested assets rose.
August 31 -
The action in federal court alleges the exiting advisors received an incentive package worth as much as $70 million for joining RBC.
August 30 -
The RIA president says he and his colleagues will spend the next few weeks figuring out how the Personal Financial Management unit's office can fit in with its new owner.
August 29 -
Other states are likely to look to Massachusetts for guidance on how far they can go in holding broker-dealers to a higher standard than Regulation Best Interest.
August 25 -
The federal regulator reopens the comment period for its rule on safeguarding client assets in response to its new auditing requirement for private funds.
August 24 -
Commissioner Hester Peirce warns an unintended consequence of the new regulation could be less thorough internal compliance reviews.
August 23 -
A lawyer representing Keith Todd Ashley argues prosecutors overreached in arguments used to obtain life sentence against his client.
August 23
