A Colorado investment advisor has agreed to a settlement with the Securities and Exchange Commission over charges she ran a scheme that defrauded her clients, according to Wealth Management. Ann M. Vick, the founder and owner of AMV Investments, was the subject of a...
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Month: October 2021
Department of Labor postpones enforcement of fiduciary rule until 2022
The Department of Labor has announced it will be extending the compliance date for its fiduciary advice rule until February 1, 2022, according to InvestmentNews. The regulation, called “Improving Investment Advice for Workers & Retirees Exemption”, was passed in...
Four real estate fund executives charged with defrauding investors
Federal prosecutors have charged four executives of a real estate fund with a scheme to defraud banks and investors, InvestmentNews reports. An indictment filed in federal court named Hollis Greenlaw, CEO of Grapevine, Texas-based United Development Funding, along...
FINRA rules surrounding complex products may updated
Changes could be in store for the Financial Industry Regulatory Authority’s rules involving complex products, ThinkAdvisor reports. FINRA president and CEO Robert Cook was quoted as saying the authority is “close to issuing a Regulatory Notice to solicit views about...
UBS broker terminated for violations involving outside business activity
UBS Wealth Management USA has terminated one of its brokers over what it said were violations of the company’s policies on outside business activity, according to AdvisorHub. The action against Patrick R. Murray was detailed in his Central Registration Depository...
