Added on November 2014 in Form an RIA
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Summary: Finra has a way to go to convince the brokerage industry that a massive brokerage-account-information collection system will be good for the financial markets. At the Securities Industry and Financial Markets Association annual conference in New York on Monday, the organization's leader said that it opposes the proposal, known as the Comprehensive Automated Risk Data System.
Added on October 2014 in Form an RIA
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Summary: A tool recently introduced by the online professional network LinkedIn could help investment advisers and brokers with both marketing and compliance. LinkedIn has made it possible for users to download an archive of their data with one click. Information that is exported includes a list of first-degree connections, endorsements, comments made in LinkedIn groups and other content that has been posted in the system.
Added on October 2014 in Form an RIA
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Summary: Nearly five years after Dodd-Frank became law, a uniform fiduciary standard for advisors in all channels is nowhere in sight. But the lack of progress hasn’t deterred the Financial Planning Coalition from agitating for more accountability in the industry.
Added on October 2014 in Form an RIA
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Summary: The majority of investment advisory firms’ main offices are concentrated in a relatively small number of states, with the distribution likely driven by access to financial markets, population and net worth.
Added on October 2014 in Form an RIA
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Summary: In the wake of recent high profile data breaches, cybersecurity is front and center for clients, advisors and regulators with an increased focus on adequate protections for client data. In addition to concerns about the data breaches at large companies like JPMorgan Chase, Target and Home Depot, advisory firms are also facing pressure from Washington. In April the the SEC issued a risk alert warning advisors that it will be assessing their cybersecurity preparedness.
