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FSI Adds Five Directors to Board

The Financial Services Institute announced that it has added five directors to its board.   The new members are: Libet Anderson, president – Concourse Financial Group...

FSI Study “Confirms Our Worst Fears” About DOL’s Independent Contractor Proposal

The Financial Services Institute announced the findings of a study analyzing the potential impact of the Department of Labor’s recent proposal regarding independent contractor...

Cerity Completes Third RIA Acquisition in January, Adding $8.6 Billion in...

Cerity Partners LLC, a $62 billion-dollar registered investment advisor, announced that the firm has acquired Maryland Capital Management, a registered investment advisor headquartered in...

Former Registered Rep Sentenced to 20 Years for $115.5 Million Ponzi...

Christopher A. Parris, 42, formerly of Rochester, New York, and currently of Lawrenceville, Georgia, was sentenced this week to 20 years in federal prison...

ADISA Publishes Best Practices for DST 1031 Exchanges

The Alternative and Direct Investment Securities Association has published A Guide to DST 1031 Best Practices (2022), a manual designed to highlight certain best...

SEC Adopts Rules to Enhance Proxy Voting Disclosure by Registered Funds

The Securities and Exchange Commission adopted amendments to Form N-PX to enhance the information mutual funds, exchange-traded funds, interval funds and certain other registered...

SEC “Gag Orders” Blasted by Federal Judge

U.S. District Judge Ronnie Abrams blasted the Securities and Exchange Commission’s policy that routinely requires defendants that agree to “no admit, no deny” settlements...

SEC Charges Six Individuals with Defrauding Multiple Broker-Dealers

The Securities and Exchange Commission charged six individuals, including a federal inmate, for conducting a freeriding scheme that defrauded multiple broker-dealers. The SEC’s complaint alleges...

Financial Services Institute Requests that DOL Extend Comment Period on Independent...

The Financial Services Institute is asking the U.S. Department of Labor to extend the comment period for an Independent Contractor Rule Proposal released by...

Department of Labor Proposes Rule to Restrict Classification of IBD Reps...

The Department of Labor has published a Notice of Proposed Rulemaking to help employers and workers determine whether a worker is an employee or...

SEC to Hold Public Fiduciary Rule Meeting Next Week

The Securities and Exchange Commission will discuss its long-awaited rule on the standards of conduct for broker-dealers and registered investment advisers at a public...