Tag: Regulation best interest
GWG Secures Debtor-In-Possession Loan
GWG Holdings Inc. has secured a super-priority secured debtor-in-possession credit and guaranty agreement to provide funding for the company’s continued operations while in bankruptcy,...
GWG Holdings Appoints New CFO
GWG Holdings Inc., the bankrupt financial services firm and sponsor of non-traded direct investment offerings, announced that Michael A. Tucker was appointed by the...
GWG Former President and CEO Resigns from Board
Within the last year, GWG Holdings Inc. announced its bankruptcy, the resignations of multiple members of its board of directors, and several executive departures....
GWG Directors Jump Ship
GWG Holdings Inc., the bankrupt financial services firm and sponsor of non-traded bond offerings backed by life settlements, revealed late yesterday that three members...
GWG’s Board Suspended by Bankruptcy Court
GWG Holdings Inc., the bankrupt financial services firm and sponsor of non-traded direct investment offerings, had its board of directors suspended by the United...
GWG Senior Execs Resign Amidst Bankruptcy
GWG Holdings Inc. (Nasdaq: GWGH), the bankrupt financial services firm and sponsor of non-traded direct investment offerings, announced that the company’s president and chief...
CFP Board Suspends Broker Accused of Violating Reg BI with Improper...
The Certified Financial Planner Board of Standards Inc. has imposed an interim suspension against Patrick Egan, a certified financial planner and broker at Western...
SEC Alleges Western and Five Brokers Violated Reg BI with Improper...
The Securities and Exchange Commission has charged registered broker-dealer Western International Securities and five of its registered representatives – Nancy Cole, Patrick Egan, Andy...
FINRA Report Highlights Compliance Deficiencies of Regulation Best Interest and Form...
The Financial Industry Regulatory Authority has published its 2022 Examination and Risk Monitoring Program report, outlining the initial findings of its review of the...
XY Planning Nixes Supreme Court Challenge of Reg BI, Plans to...
XY Planning Network (XYPN), a membership organization comprised of more than 1,300 independent fee-for-service financial advisors, will not appeal its 2nd Circuit ruling on...
XY Planning Network Considers Further Legal Challenges to SEC’s Regulation Best...
On Friday, the Second Circuit Court of Appeals rejected a lawsuit challenging the Securities and Exchange Commission’s Regulation Best Interest, which goes into effect...
SEC Approves Investment Advice Rule Package
On Wednesday, the Securities and Exchange Commission voted 3-1 along party lines and approved its four-part package of regulations aimed at reforming investment advice...
DOL to Propose New Fiduciary Rule in December, SEC to Vote...
The Department of Labor plans to introduce a new fiduciary rule proposal in December 2019 after the previous version was vacated by the Fifth...
Secretary Acosta Says DOL Will Release New Fiduciary Rule in Conjunction...
Labor Secretary Alexander Acosta told the House Education and Labor Committee on Wednesday that the Department of Labor is planning to revive its fiduciary...
Edelman Financial Engines Appoints DOL Fiduciary Rule Architect Phyllis Borzi to...
Edelman Financial Engines, a registered investment advisor with $200 billion in client assets, has appointed Phyllis Borzi to its board of directors. Borzi, who...
SEC Releases Investor Testing Report on Proposed Form CRS Relationship Summary
To help address investor confusion about the nature of their relationships with investment advisers and broker-dealers, the SEC’s Office of the Investor Advocate has...
SEC Investor Advisory Committee to Hold Public Call on Regulation Best...
The Securities and Exchange Commission’s investor advisory committee will hold a public conference call next month to discuss its proposed Regulation Best Interest and...
DOL to Introduce Fiduciary Rule in September 2019
The Department of Labor plans to introduce a revised final fiduciary rule in September 2019 after the previous version was vacated by the Fifth...
ADISA Names Award Winners at 2018 Annual Conference in Las Vegas
ADISA, a trade association representing the non-traded alternative and direct investment space, announced the 2018 winners of the organization’s A Champion of Excellence (ACE),...
The DI Wire Q&A: ADISA CEO Previews 2018 Annual Conference
ADISA recently submitted a comment letter on the SEC’s proposed Regulation Best Interest Rule – what are the organization’s primary concerns with the proposed...
