About the Author
Melanie Waddell, AdvisorOne
Melanie is the Washington Bureau Chief and Editor of the Practice Channel on AdvisorOne.com.
Early in her career, Melanie covered financial issues at American Banker in Washington. For more than 15 years, Melanie has been covering investment-related issues, entering the advisor universe in a senior level editorial position at American Banker/Thomson Media in both Washington and New York. After seven years at Thomson, now Reuters, Melanie joined the Investment Advisor team.
Melanie has been a columnist for Investment Advisor for nine years, and holds a Bachelor’s degree in English from Towson University.
Reach Melanie at mwaddell@investmentadvisor.com.
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By Melanie Waddell, AdvisorOne |
May 22, 2013
FINRA announced Wednesday that Direct Edge, the third-largest stock exchange operator in the U.S., has made a deal with FINRA to provide market surveillance services on behalf of Direct Edge's two licensed stock exchanges.
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By Melanie Waddell, AdvisorOne |
May 22, 2013
Massachusetts Securities Regulator William Galvin ordered five IBDs to pay $8.6 million in restitution to investors and fined them a total of $975,000 for improper sales of nontraded REITs.
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By Melanie Waddell, AdvisorOne |
May 22, 2013
Since taking on an additional 139 advisors with $6.6 billion in assets under the Dodd-Frank “switch,” Massachusetts has “been able to do what the Securities and Exchange Commission hasn’t.”
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By Melanie Waddell, AdvisorOne |
May 21, 2013
FINRA CEO Richard Ketchum called on the SEC Tuesday to “act quickly” to put brokers and advisors under a uniform fiduciary standard, but noted that in the absence of SEC action, FINRA “will look hard” at issuing “an additional disclosure rule” for BDs.
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By Melanie Waddell, AdvisorOne |
May 21, 2013
FINRA announced Tuesday that it fined LPL for 35 separate, “significant email system failures,” and for making material misstatements to FINRA during its investigation.
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By Melanie Waddell, AdvisorOne |
May 20, 2013
At the FINRA conference, SEC Commissioner Elisse Walter also said it was time to get to the "nitty-gritty" of a fiduciary rule.
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By Melanie Waddell, AdvisorOne |
May 20, 2013
SIFMA announced Monday that former Sen. Judd Gregg has been appointed CEO and that Ken Bentsen, acting president and CEO, is now president.
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By Melanie Waddell, AdvisorOne |
May 17, 2013
Planning groups are at odds over a bill that passed the House on Friday requiring the SEC to conduct more rigorous cost-benefit analyses before making rules.
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By Melanie Waddell, AdvisorOne |
May 17, 2013
Charles Schwab on Thursday said it would lift a ban on client class-action suits until all legal and regulatory challenges were resolved.
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By Melanie Waddell, AdvisorOne |
May 16, 2013
But SEC’s Mary Jo White maintains SEC and DOL are "two different agencies"; says more exam "coverage" is needed for advisors.