Finra Fines Centra $1 Million For RIA Supervision Failure
Finra fined Cetera $1 million for failing to supervise private securities transactions made by dually registered representatives at outside RIAs.
Goldman Is Positioned To Become The Next Big RIA Custodian
Goldman Sachs is about to cause some headaches for the biggest RIA custodians currently serving the market.
Future Of DOL Fiduciary Rule Unknown Under Biden Administration
In all likelihood, the DOL will finalize its fiduciary rule before the year’s end. But It’s fate under the coming Biden Administration remains unclear
Pandemic Didn’t Stop SEC From Examining 15% Of RIAs
During the 2020 fiscal year, the SEC Office of Compliance Inspections and Examinations (OCIE) conducted more than 2,950 examinations.
Advisor Arrested By FBI After Submarine Chase
The California man was wanted by the FBI for his part in an alleged $35 million Ponzi scheme.