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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The broker-dealer self-regulator said the shortfall is partly the result of increased spending on staff coupled with a decline in the value of its investment portfolio.
June 30 -
The principals at Legend Venture Partners stand accused of making millions by offering shares in pre-IPO companies without disclosing markups to investors.
June 29 -
Among the respondents who work with financial planners, about 7 out of 10 said they have high hopes for 2023. For those without planners, the figure fell to 42%.
June 28 -
The panel's recommendation would also seek comments on the possibility of outsourcing some review functions to third-party firms.
June 27 -
Even with the overall decline in people seeking financial advice, the number of investors wanting help specifically with asset management is on the rise.
June 26 -
The Investment Adviser Association contends federal regulators have not taken into account the likely onerous cumulative effects of their proposals on cybersecurity, outsourcing and data security.
June 22 -
The SEC accused the famed investment management firm of providing a faulty formula to a subadministrator responsible for calculating its fee waivers.
June 21 -
INVEST 2023 panelists and the latest SEC risk alert suggest the regulator will treat the rule much like one that has cost big Wall Street firms more than $2 billion in fines.
June 20 -
A top FINRA enforcement official warns that firms' internal compliance systems are not clued in to the often ambiguous meanings of the symbols now peppering many financial planners' communications.
June 15 -
The Senior Citizens League worries the increase won't be enough to keep up with rising prices for housing and healthcare.
June 14 -
Financial advisors say they can help combat the flow of misguided and misleading recommendations by posting more frequently and establishing more of a social media presence.
June 13 -
The former relationship manager has pleaded not guilty to allegations he blew money from client accounts on bad stock bets.
June 9 -
The former advisor faces as many as 10 years in prison for stealing roughly $1.7 million from relatives' brokerage accounts to pay for trips, cruises and other personal expenses.
June 8 -
Dennis B. Levine, a central player in the 1980's most notorious insider trading scheme, benefits from the regulator's fix, but so will some everyday financial planners.
June 7 -
Industry groups question the wisdom of regulators seeking to have one rule on data breaches for broker-dealers and another one for advisors.
June 6 -
The SEC case is the latest to highlight the risks investors run when they get involved with "blank check" companies.
June 2 -
Proponents of the House of Representatives legislation argue that new regulations often fall disproportionately on financial planners that don't have formal compliance and legal departments.
June 1 -
As the head of nationals sales, Simmons will oversee the firm's recruiting efforts.
June 1 -
Federal officials have long warned of the dangers of accounts with few guardrails on what they can invest in.
May 31 -
The finance giant's reorganization plan comes amid push to double advisor headcount by 2026.
May 25
