Practice

Joseph Price, FINRA senior vice president of corporate financing and advertising regulation, told Dow Jones a second Social Networking Task Force will meet in March and more guidance will be issued by the end of the year.

The sweeping move affected financial planners in 14 states, and is the largest number of sanctions that the CFP Board has issued in three years, Dan Drummond, a CFP Board spokesman said in a telephone interview Wednesday morning.

Mobile apps and smartphones are all the rage on Main Street, but only a small minority of investors and traders are using them for their portfolios.

In this environment, it is all about specialization and outsourcing. A good retirement plan recordkeeper can allow financial institutions to focus on key customer differentiators

Just one day after the Municipal Securities Rulemaking Board issued a draft rule on muni advisors’ fiduciary duties, market participants are questioning the scope of the rule and whether it would apply to dealer-advisers.

Republicans and Democrats sparred Tuesday over the economic impact of derivatives regulations as the House prepared for a broader fight over the budgets of agencies tasked with writing and enforcing the new rules.

An executive said that employees continue to be “grossly under prepared for retirement,” with over 82% reporting that they are not on track to meet their retirement goals.

Most projections call for financial services firms to boost tech spending this year by 5% or less. Then, there's Brad Lyman, director of technology at Matthews International Capital Management, and a more robust estimate today at the National Investment Company Service Association 2011 Conference & Expo.

An audit of financial services firms' advisor websites reveals that most have improved in a number of key categories, but most still only rank somewhere between "fair" and "good."

About 21.5% of all financial planning firms offer telecommuting as a benefit to employees, according to the 2010-11 Financial Planning Salary Survey from the FPA.