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November 20, 2020
Many Broker-Dealers’ Branch Exams on Hold, And Problems May Emerge
Whether broker-dealers conduct remote branch exams or catch up with on-site inspections post-pandemic, each scenario comes with its own set of challenges.
Finra Wants Firms with Black Marks to Set Up Deposit for Future Claims
The industry’s self-regulator says that firms with a “significant history of misconduct” should be required to set up accounts from which they would need Finra’s permission to make withdrawals.
Judge Freezes Assets of Missing FA Accused of $10M Fraud
Meanwhile, representatives for Christopher Burns’ wife — who was named as a relief defendant in an SEC claim earlier this week — says she played no part in her husband’s businesses.
Cerulli to FAs: Establish Relationships with Prospects Before They’re Wealthy
The research firm found that interest among investors in increasing their reliance on an advisor is elevated in those under the age of 40 — and declines rapidly among older investors.
SEC Warns of More Scrutiny of Sales of Complex ETPs
The regulator issued a warning days after settling with five RIAs and broker-dealers for $3 million over the sales of volatility-linked exchange-traded products.
EdgeCo Holdings to Add RIA Supporting $8B
Fintech provider EdgeCo Holdings says it has entered into an agreement to add a New Orleans-based RIA.
|The Client - Finding and winning new clients||The Client - Client retention|
|The Client - ERISA plans/institutional management||The Client - Behavioral finance|