Home of the Registered Investment Advisor
By Jason Kephart
Source: Investment News
SEC Chairman Mary Schapiro is not backing down from her stance that the money market fund industry needs additional reform. “We have a legitimate concern over the risks posed by stable net asset values and it’s not hypothetical,” she said.
By Les Abromovitz
Source: RIABiz
There is such a thing as bad press — a disclosure that seems ‘a bit much’ to your public relations firm may be just enough to land you in a compliance hot spot.
By John Sullivan
Source: AdvisorOne
At IMCA’s national conference, Chris Cesare of Rocaton Investment Advisors gave a presentation on alternative investments and their role in the client portfolio. The session was broken into three parts to help advisors in the audience digest what is too often an overwhelming task: evaluating appropriate alternative managers and products.
By Mark Schoeff Jr.
Source: Investment News
Proponents of legislation that would shift the oversight of investment advisers from the Securities and Exchange Commission to a self-regulatory organization — perhaps FINRA — assert that the bill has bipartisan momentum. But the top Democrat on the House Financial Services Committee won’t sign on, because he questions whether the financial industry should police itself.
By Christopher Carosa, CTFA
Source: Fiduciary News
Does the opposition to a universal fiduciary standard stem from a big-time Wall Street company’s ingenious ploy and a Washington regulator’s botched response? In 1999, an upset but wily Merrill Lynch sought to prevent itself from becoming exposed to the onerous regulation of the Securities and Exchange Commission (SEC).
By Dan Jamieson
Source: Investment News
Broker-dealers and their independent representatives are feeling the pinch of tougher oversight. Regulators have issued several warnings in recent months about the need to pay close attention to independent representatives who work in remote offices.
By Marlene Y. Satter
Source: AdvisorOne
The SEC has announced the formation of a new Investor Advisory Committee, which is required by the Dodd-Frank Wall Street Reform and Consumer Protection Act and replaces an earlier committee that was disbanded after Dodd-Frank became law.The new committee is made up of 21 members offering insights from a broad swath of financial interests.
By Dan Jamieson
Source: Investment News
The market’s strength last quarter turned out to be a godsend for investment advisory firms struggling to meet the $90 million asset threshold for remaining registered with the Securities and Exchange Commission. The S&P 500′s 12% rise in the quarter coincided perfectly with a March 30 deadline for filing updated ADV forms and meeting the SEC minimum under the Dodd-Frank Act.
by Les Abromovitz
Source: RIABiz
If you play poker, you’re aware of the term “tell.” It’s a change in a player’s demeanor or behavior that tips you off to what type of hand the individual is holding. If you watch and listen closely, securities regulators sometimes tell investment advisers what’s in the cards from a regulatory and compliance perspective.
by Kristen French
Source: Registered Rep
Critics of a fiduciary standard for stockbrokers beware: A study released in early March suggests that application of a fiduciary standard to the broker/dealer model wouldn’t have the terrible consequences for lower-income clients that critics have said it would–higher costs and reduced choice.
