Compliance

As lawmakers take up legislation that would reshape the regulatory landscape for retail investment advisers, industry groups are poised to present sharply contrasting visions for where expanded oversight authority should be housed.

After more than two decades urging the SEC to increase regulatory oversight of financial advisors, Barbara Roper stunned many on both sides of the debate by declaring herself open to the prospect of regulation coming from a self regulatory organization, such as FINRA.

Marie Chandoha, president of Charles Schwab Investment Management, told the SEC that a new study on money-market funds was “troubling” because it wrongly concludes that the funds are dangerously susceptible to runs and presumes more regulation is needed.

Former U.S. Senator Christopher Dodd weighed in on JPMorgan Chase's much-publicized trading loss Thursday, pointing to it as validation of the need for the landmark financial reform legislation he co-authored.

The SEC has conducted routine inspections of FINRA’s advertising and arbitration programs, but not as frequently as it had planned.

What do you do when spouses who are both clients have very different interests?

The presumptive Republican nominee has given almost no details about his plan to replace the Dodd-Frank Act

Four major flaws in proposed FINRA legislation that will hurt independent financial advisors and those they serve, according to NAPFA.

The increasing popularity of electronic brokerage has led the MSRB to examine whether retail investors who trade municipal securities through broker-dealers' online systems have adequate protection under its rules.

The Financial Services Institute issued a letter arguing an SRO modeled after FINRA is the best of all alternatives, and FINRA rebutted criticism of its cost estimates for an investment advisor regulator.

A broker has consented to pay a $10,000 fine and take a suspension of 15 business days in response to allegations that he incorrectly marked trades and prevented his firm’s compliance department from accurately monitoring the transactions.

Executives from BlackRock, Vanguard, JPMorgan Chase, and Invesco met with SEC Chairman Mary Schapiro to talk about money market reforms.

The former SEC enforcement lawyer who later tried to defend convicted Ponzi scheme operator Allen Stanford has been blocked from practicing before the commission.

A House Financial Services Committee will begin hearing testimony for and against a controversial bill that would shift regulatory oversight of investment advisors from the SEC to a self-regulatory organization such as FINRA.

The Financial Industry Regulatory Authority reviewed enforcement case trends at its annual conference in Washington, D.C. this week. Here are 25 top cases from its files.

Whether it's Facebook, Twitter or LinkedIn, financial advisors need a handy resource to keep them abreast of all the latest rules and trade secrets to capitalize on the social media frenzy without running afoul of the regulators. Here's everything wealth managers need to know.

When it comes to financial planning advice in the social media arena, less is almost always more. Here's what wealth managers need to do (and not do) to service their clients while staying within the regulatory boundaries.

Seven tips come in daily under the program that started in August. Thomas Sporkin, director of market surveillance at the SEC, says two to three each day are high quality.

Asset management companies can anticipate regulatory focus to intensify as implementation of the Dodd-Frank Wall Street Reform Act progresses - and not just from the Securities and Exchange Commission.

Talk coffee, not college savings plans. That avoids potential compliance issues. Besides, visitors to social media sites are coming to learn about who you are, not what you sell.