Practice

The SEC's newly enacted Rule 13h-1 requires “large traders” to register to be assigned an identification number that will allow tracking of its transactions.

The SEC has ordered broker-dealer FTN Financial Securities to pay nearly $2 million for allowing a registered investment advisor, Sentinel Management, to defraud its clients through a reverse repurchase transaction.

Russell Investments has launched an iPad-friendly version of its Helping Advisors website.

Financial professionals, 86% of whom have at least one social media account, risk running afoul of compliance rules as regulatory bodies sort out the rules for advisors’ use of these new channels. That was the message from social medial expert Alexandra Basak Russell, at the Women Advisors Forum in Huntington Beach, Calif.

A recent survey of 1,000 mass affluent investors uncovered a statistic that startled researchers: 75% of men said they wanted their spouse or partner to take more a more responsible role with their joint money.

A lot more mass affluent investors know what a CFP is than was the case just a few months ago. That’s what an early study of the CFP Board’s 4-year, $40 million advertising and brand awareness campaign shows, the board reported in a media briefing this week.

When FINRA at the outset of 2010 issued its first set of guidelines on how to use social media (Notice 10-06), lots of questions ensued. Here's an interactive slideshow detailing what advisors, broker-dealers and financial services firms need to know to navigate FINRA's social media guidelines.

Tweets have now been turned into formatted streams of market data.

Leaders of the Financial Services Institute expressed cautious optimism about their efforts to dilute or derail an initiative under way at the Department of Labor to broaden the scope of the term "fiduciary," a top policy priority for the advocacy organization.

Living more frugally and paying off debt has paid off for one in five retirees -- but fewer are looking out to the future to estimate how long their assets will last in retirement.