Changes are in store for the Financial Industry Regulatory Authority’s rule involving gift limits for brokers, AdvisorHub reports. FINRA Rule 3220, known as the Gifts Rule, prohibits any member or person associated with a member, directly or indirectly, from giving...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Month: May 2023
Growth of RIAs among main topics at conference of financial advisors
Financial advisors gathered for discussions on the future of their industry at DeVoe & Company’s fourth annual Elevate conference in Nashville, according to InvestmentNews. In his keynote presentation to open the conference, DeVoe & Company’s Chief Executive...
CFP Board announces public sanctions against 22 certified financial professionals
The Certified Financial Planner Board of Standards has announced public sanctions against 22 current or former certified financial planners for various violations of the profession’s ethical standards. The board said the enforcement actions would take effect...
Goldman Sachs to pay $215 million to settle lawsuit alleging discrimination against women
A settlement has been reached in a class-action lawsuit that alleged Goldman Sachs Group Inc. discriminated against thousands of female employees, Financial Advisor reports. Goldman Sachs agreed to pay $215 million to about 2,800 women who accused the New York-based...
SEC charges 2 broker-dealers with widespread record keeping failures
The Securities and Exchange Commission announced that it has charged two registered broker-dealers with violating certain record-keeping requirements of the federal securities laws. The SEC’s press release said that HSBC Securities Inc. (HSBC) and Scotia Capital (USA)...
