Legal & Compliance

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  Tip of the Iceberg: Email Problem Is Bigger Than LPL

  By Bob Clark, AdvisorOne  |  May 29, 2013

  FINRA should lighten up on the accusations and fines, and work with firms to find better solutions to what seems to be a huge—and snowballing—problem.

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  Leading Questions: The SEC's Request on Regulation of BDs, RIAs

  By Bob Clark  |  May 28, 2013

  Ever notice how the way some questions are worded can greatly affect the way they are answered?

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  Waving the Red Flag on Identity Theft

  By Thomas D. Giachetti  |  May 28, 2013

  The SEC and CFTC jointly adopted new red flag regulations for identity theft, which may affect many advisors.

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  SEC’s White Gets Short Shrift from Congress

  By Melanie Waddell  |  May 28, 2013

  Securities and Exchange Commission Chairwoman Mary Jo White is running into the same problem that plagued her predecessors: getting the short shrift from lawmakers when prodding them for more money so the agency can properly do its job, including adding examiners for advisors.

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  Fixing the Student Loan Crisis

  By Melanie Waddell, AdvisorOne  |  May 28, 2013

  I’m lucky. Unlike so many college students, I didn’t take out any student loans.

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  Obama Names Replacements for SEC’s Walter, Paredes

  By Melanie Waddell, AdvisorOne  |  May 24, 2013

  Kara Stein of Sen. Jack Reed’s office will replace Walter, while Senate Banking economist Mike Piwowar will replace Paredes.

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  FINRA on Record Enforcement Pace in ’13, Enforcement Chief Says

  By Melanie Waddell, AdvisorOne  |  May 24, 2013

  “FINRA enforcement continues to have a strong caseload, with a record number of cases on the same pace this year as last,” said Brad Bennett, FINRA’s chief of enforcement.

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  House Measure to Slow Fiduciary Rulemaking Poses Little Threat: Industry Officials

  By Melanie Waddell, AdvisorOne  |  May 23, 2013

  A discussion draft introduced Thursday designed to stymie efforts by the SEC and DOL to craft fiduciary rules will prove to be of little consequence, fi360's Duane Thompson and other experts said.

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  SEC, FINRA Enforcement: Father, Son Cherry-Picking Scheme; South Miami in Muni-Bond Fraud

  By Marlene Y. Satter, AdvisorOne  |  May 23, 2013

  Recent enforcement actions include charges against a father and son for making undeclared trades and then cherry-picking the profitable ones, and charges against the city of South Miami for defrauding investors on muni bonds.

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  FINRA Inks Deal With Direct Edge, Gains Oversight of 90% of Equity Trading Volume

  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.