Regulation

The regulatory overhaul put in place by the Dodd-Frank Act of 2010 has dramatically reshaped the compliance landscape for investment advisors, with more small firms moving to oversight at the state level, while many large, private fund advisors now find themselves under the purview of the SEC, according to a new survey of advisors.

Amid the abrupt resignation of CFP Board chairman Alan Goldfarb and allegations of improper disclosure, veteran planner Nancy Kistner takes over leadership of the organization.

Alleged violation centers on how his compensation was reported, he tells Financial Planning.; CFP Board says Goldfarb ‘is not correct’

Two members of CFP Board’s disciplinary and ethics commission also resigned; chairwoman-elect Kistner will start her term early.

Mid-sized banks that mostly let Wall Street and small firms speak for the industry during the debate over the Dodd-Frank Act have decided it’s time to carve out their own agenda in Washington.

The Financial Industry Regulatory Authority has decided to implement a number of regulatory changes designed to help firms and advisors whose business was affected by Hurricane Sandy.

The process of raising standards for the profession continues to be a work in progress. At the CFP Board, we believe that we are raising the bar

Former SEC chairman Arthur Levitt called the lack of an adequate backup plan a “body blow” to the reputation of the New York Stock Exchange. NYSE Euronext called his comments “appallingly and irresponsibly wrong.”

In a continued push to reform regulation for advisors, five independent financial firms have joined the Financial Services Institute.

While community bankers mostly agree that stronger restrictions on a bank's ability to expand into complex activities are necessary, the details are a matter of some debate.