In June 2014, FINRA formed a Dispute Resolution Task Force to consider possible enhancements to its arbitration and mediation forum. A year earlier, FSI had also formed our own Arbitration […]
Our member firms will be happy to know that there has been a significant positive development in the “prompt transmission” of funds. Financial services firms have long struggled with the […]
On July 13, the SEC’s Office of Compliance, Inspections and Examinations (OCIE) announced that it is undertaking an initiative to address the risk that registered advisors may be making certain […]
In 2014, the Administration began an effort to update the rules surrounding federal wage and hour standards. As part of that effort, the Department of Labor (DOL) released a proposal […]
On April 19, 2016, FINRA released regulatory guidance to member firms regarding sales of pension income stream products. These products typically involve an up-front lump sum payment to a pensioner […]
On Wednesday, April 27, several financial services trade associations, including FSI, sent a letter to Congress regarding H.J. Res. 88. This joint resolution disapproves the recent rule submitted by the […]
Recently, both FINRA and the SEC have issued their 2016 Exam Priorities. Both letters include several overlapping topics and reflect regulators continued focus on retail investor protection. Below please find […]
Despite months of media attention and frequent discussion within our industry, many financial advisers are only beginning to grasp the implications of the Labor Department’s effort to expand its definition […]
In a significant win for FSI and our industry, FINRA Executive Vice President of Regulations Susan Axelrod announced recently that her agency will no longer pursue its Comprehensive Automated Risk […]
House Democrats and Republications are teaming up to draft legislation that would create an alternative “best interest standard” for advisors to operate under when working with retirement accounts. Concerned that […]
