Legal & Compliance

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  DOL’s Borzi: Lawmakers Can’t Hold Back Fiduciary Plan

  By Melanie Waddell, AdvisorOne  |  June 18, 2013

  Efforts by members of Congress to slow the DOL’s reproposal of its fiduciary rule will have little to no effect, Phyllis Borzi, assistant secretary of DOL’s Employee Benefits Security Administration, said Tuesday.

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  FSI Claims Victory in Florida ‘Notice-Filing State’ Battle

  By John Sullivan, AdvisorOne  |  June 18, 2013

  The law makes it easier for advisors to make changes to their business.

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  FINRA Targeting Firms’ Social Media Use

  By Melanie Waddell, AdvisorOne  |  June 18, 2013

  FINRA is conducting spot checks of firms’ social media communications on Facebook, Twitter, LinkedIn and blogs.

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  Bill Would Force DOL to Let SEC Fire First on Fiduciary

  By Melanie Waddell, AdvisorOne  |  June 17, 2013

  The House Financial Services Committee plans to mark up a bill introduced Wednesday that would require the DOL to wait 60 days to publish its fiduciary rule after the SEC has released its own measure.

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  SEC, FINRA, State Exam Execs Lay Out Priorities

  By Melanie Waddell, AdvisorOne  |  June 17, 2013

  Priorities include conflicts of interest, email retention, cybersecurity and some specific products, the executives said at the IRI legal and regulatory conference.

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  Don Trone: Dodd-Frank, SEC Are a ‘Disaster’

  By John Sullivan, AdvisorOne  |  June 14, 2013

  Trone compares a true fiduciary duty to military members' obligation to put their lives on the line for others: "It doesn’t have to be talked about; it’s just understood.”

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  80 Years of Fiduciary in 15 Minutes: TDAI Fiduciary Summit

  By John Sullivan, AdvisorOne  |  June 13, 2013

  A tall order given to Rutgers University law professor Arthur Laby.

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  First Allied’s Surprise Sale to Real-Estate Group Creates ‘Whole New Dynamic’ for BDs

  By Janet Levaux, AdvisorOne  |  June 12, 2013

  Flush with cash, more conglomerates that sell REITs could follow in Realty Capital’s footsteps—perhaps spawning conflicts of interest, Jonathan Henschen says.

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  SEC, FINRA Warn of Email ‘Pump-and-Dump’ Stock Schemes

  By Melanie Waddell, AdvisorOne  |  June 12, 2013

  Latest McAfee Threats Report confirms “a steep rise” in spam email linked to “pump-and-dump” stock schemes designed to trick unsuspecting investors.

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  Barney Frank Defends Dodd-Frank at TDAI Elite Advisor Summit

  By John Sullivan, AdvisorOne  |  June 12, 2013

  The legendary curmudgeon and bane of political opponents was well-received by the advisors in attendance.