Added on November 2014 in Form an RIA
1 visitor like this article | Viewed 3658 times | 0 comment
Summary: Among the top Dodd-Frank Act rulemakings that the Securities and Exchange Commission will focus on in fiscal 2015 are evaluating recommendations from a staff report to consider a uniform fiduciary standard for investment advisors and broker-dealers as well as finding ways to harmonize rules for advisors and brokers, the agency said in its just-released financial report for fiscal 2014.
Added on November 2014 in Form an RIA
1 visitor like this article | Viewed 3233 times | 0 comment
Summary: with all the arguments and lobbying around the fiduciary standard, I think the profession is in danger of forgetting the big picture. The fight over the “fiduciary” label is really just one more battle in a long war between professionals and sales agents.
Added on November 2014 in Form an RIA
0 visitor like this article | Viewed 3314 times | 0 comment
Summary: That decision, as difficult as it might have been, now leads to a host of other questions you must ask yourself, and some outside experts, before you’re able to hang up your own RIA shingle.
Added on November 2014 in Form an RIA
0 visitor like this article | Viewed 3803 times | 0 comment
Summary: The Financial Industry Regulatory Authority is moving ahead with its controversial plan to collect broker-dealer account data through its Comprehensive Automated Risk Data System (CARDS) program as FINRA is “getting to problems where investors are severely harmed too late,” and is "testing" the impact of its broker recruitment compensation plan, Richard Ketchum, the self-regulator’s CEO, said Monday.
Added on November 2014 in Form an RIA
1 visitor like this article | Viewed 3627 times | 0 comment
Summary: SEC Chair Mary Jo White believes that the fiduciary standard rule in the works at the regulator is "enormously important." Yet she declined to specify her position on the rule or exactly when it might arrive, noting the complexity of the issue.
