Regulation

The certifying body says it will no longer rely on advisors’ reports and it is convening a new task force to modernize enforcement.

There are red flags that may be pointing to elder fraud in a client account.

The bank will pay $1.25 million for alleged supervisory failures.

Though designed to raise standards for broker-dealers, the SEC’s 564-page rule sent ripples throughout the advisory industry.

Advisors and their firms should be prepared for how they will respond to expanded fiduciary responsibilities under new standards.

While bond investor anxiety previously focused on how the funds respond to abrupt withdrawals, skeptics are now homing in on secondary trading.

The commission warns practices to tighten up supervision and ensure accurate disclosures.

AR Capital, Schorsch and former CFO Brian Block allegedly raked in millions through inflating fees in REIT mergers.

The SEC’s 564-page rule shows the new disclosure could prove time-consuming, even vexing, for firms.

The bank has been slashing expenses, but executives acknowledged they remain high. Between having to hire thousands of compliance employees and waiting on the next CEO to be named, investments in new technology or other long-term growth are limited.