The CFP Board said it has released a comprehensive guide comparing its own standards in annuity transactions to the best-interest regulation created by the National Association of Insurance Commissioners, Insurance.News.Net reports. The board said the guide was...
Representing financial professionals, financial institutions and investors in investment loss, employment and disclosure matters, and in regulatory investigations nationwide.
Month: December 2023
PIABA supports recommendation to suspend mandatory arbitration clauses
A recent recommendation to temporarily suspend mandatory arbitration clauses in RIA advisory agreements has drawn the support of the Public Investor Advocate Bar Association, (PIABA) WealthManagement reports. The Securities and Exchange Commission's Office of the...
SEC Chair Gensler issues warning to firms about false AI claims
The Chair of the Securities and Exchange Commission has issued a warning to firms in the securities industry regarding the marketing of their artificial intelligence products, according to a report in GlobeSt.com. Speaking at a recent panel discussion, Gary Gensler...
SEC issues staff report on definition of accredited investor
The Securities and Exchange Commission announced that it has issued a new staff report on the definition of an accredited investor. In a news release, the SEC noted that it is directed under the Dodd-Frank Wall Street Reform and Consumer Protection Act to review the...
DOL holds hearing on its new rule updating definition of fiduciary
The Department of Labor held a two-day hearing last week to gather input on its new proposed fiduciary rule, according to ThinkAdvisor. The proposal is called the Retirement Security Rule: Definition of an Investment Advice Fiduciary. It would update the definition of...
