More On Legal & Compliance
from The Advisor's Professional Library- Scope of the Fiduciary Duty Owed by Investment Advisors A fiduciary obligation goes beyond the suitability standard typically owed by registered representatives of broker-dealer firms to clients. The relationship is built on the premise that the advisor will always do the right thing for the person or entity receiving advice.
- Use and Misuse of Social Media Social media is an inexpensive and effective way to communicate with established and prospective clients. Nevertheless, when RIAs utilize social media to promote their advisory practices, they risk compliance problems for their firms.
Senate Passes Landmark Financial Services Reform Bill
July 16, 2010 - By MELANIE WADDELL
The Senate passed Thursday, July 15, the massive 2,300-page financial services reform bill; the bill now goes to President Obama for his signature, which is expected in the coming days. ...
Impact of Financial Reform Bill on Advisors, Broker/Dealers and Banks
July 15, 2010 - By JANET P. LEVAUX
While it isn't an updated version of Glass-Steagall, the financial services reform legislation the Senate passed, 60-39, on July 15, is poised to have a variety of impacts on the large banks employing wirehouse advisors, as well as on broker/dealers....
In Financial Reform Bill, Marketplace Winners and Losers
July 15, 2010 - By JOYCE HANSON
Early market reaction to the financial services reform bill, which the Senate passed, 60-39, on Thursday, July 15....
Financial Reform Over the Decades: A Timeline
July 15, 2010 - By KENNETH SILBER
The financial services reform legislation, which the Senate passed, 60-39, on Thursday, July 15, is the latest in a century-spanning series of efforts to revamp financial and securities activities through regulation. ...
Passage of Reform Bill Brings Quick Response
July 16, 2010 - By MELANIE WADDELL
Financial Planning Coalition awaits SEC study on fiduciary standard for brokers and GAO study on regulation of financial planners....
SEC Plan for Bifurcated Form ADV Part 2 Is Balked at by State Regulators
July 14, 2010 - By MELANIE WADDELL
The North American Securities Administrators Association (NASAA) is objecting to the Securities and Exchange Commission's (SEC) upcoming staff recommendation to adopt a version of Form ADV Part 2. ...
