The SRO debate is heating up again as a watchdog group expresses its opposition to Rep. Spencer Bachus’ bill to create an SRO to oversee advisors. See the AdvisorOne article below. And, make sure you take a close look at the list of social media do’s and don’ts in the On Wall Street story below. Regulatory compliance is critical when it comes to communicating with clients via social media.
Bachus’ SRO Bill Blasted by Government Watchdog
By Melanie Waddell
Source: AdvisorOne
The Project on Government Oversight, a nonpartisan independent watchdog, told House Financial Services Chairman Rep. Spencer Bachus, R-Ala., and the ranking Democrat, Barney Frank, in a recent letter that it opposes Bachus’ bill to create a self-regulatory organization (SRO) to oversee advisors, H.R. 4624.
Social Media Primer: Do’s and Don’ts For Advisors
By Tom Steinert-Threlkeld
Source: On Wall Street
When it comes to financial planning advice in the social media arena, less is almost always more. Here’s what wealth managers need to do (and not do) to service their clients while staying within the regulatory boundaries.
Related posts:
- Bachus’ SRO Bill Blasted By Government Watchdog By Melanie Waddell Source: AdvisorOne The Project on Government Oversight, a nonpartisan independent watchdog, told House Financial Services Chairman Rep. Spencer Bachus, R-Ala., and the ranking Democrat, Barney Frank, in a recent letter that it opposes Bachus’ bill to create a self-regulatory organization (SRO) to oversee advisors, H.R. 4624....
- RIA Central Digests for 05/30/2012 Practice Management Attorney Andy Friedman says there’s more market — and political — volatility to come this year, and points advisors to some ways to take action. See the AdvisorOne article below. Also, Michael Kitces writes about making connections and building trust with potential clients before you even sit...
- RIA Central Digests for 05/24/2012 Richard Ketchum, chairman and CEO of FINRA, said broker test scores won’t be revealed on BrokerCheck and discussed other regulatory concerns at FINRA’s annual conference this week. See the AdviosrOne story below. Also, Morningstar has filed a comment letter with the SEC urging more disclosure on target-date funds. The story...
- RIA Central Digests for 05/22/2012 Have you neglected social media tasks because you’re having a hectic week? Take a look 10 social media time savers (from Financial Social Media) that will help you stay current. Also, one of the leading trends of the ultra-wealthy is investing in global markets, according to a recent report. Read...
- RIA Central Digests for 05/15/2012 When it comes to social media, it’s best to go “all in.” Financial planner Todd Burkhalter gives tips on how to become a marketing “triple threat” in the On Wall Street article below. And, knowing how to talk — and listen — to widows can help ensure they remain your...
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