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Fiduciary Links: SEC Taking Closer Look at Custody Issues Due to Early Findings

Posted by fi360 Team on March 11, 2013 in Fiduciary Links In the News Regulatory Update

>>>The SEC issued a risk alert last week that highlights a number of deficiencies under the Advisers Act custody rule that have been encountered as part of recent adviser examinations (see the InvestmentNews summary). These include a number of scenarios where the adviser doesn’t realize that it has custody, failing to file for an annual surprise audit of custody practices, client notification problems, commingling problems, problems with audit procedures, and other problems. From an investor protection standpoint, the SEC is mostly concerned with stopping any new Madoffs from happening by keeping a closer eye on...

Fiduciary Links: SEC Taking Closer Look at Custody Issues Due to Early Findings

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The Next Step to a Uniform Fiduciary Standard—What Can You Do?

Posted by on March 05, 2013 in Advocacy Fiduciary Excellence In the News

On Wednesday, we discussed on the blog the anticipated SEC issuance of a formal request for information on the costs and benefits of imposing a uniform standard of conduct for investment advisers and broker-dealers. Two days later, the SEC made that blog timely by issuing its new release, “Duties of Brokers, Dealers, and Investment Advisers.” Let’s consider some things that small-firm investment fiduciaries can do to contribute to the process.

The Next Step to a Uniform Fiduciary Standard—What Can You Do?

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Fiduciary Links: Announcing the fi360 Article Competition, and the Fiduciary Survey

Posted by on March 04, 2013 in Fiduciary Links What's new at fi360?

Enter our annual fi360-AdvisorOne Article Competition, and participate in the Fiduciary Survey.

Fiduciary Links: Announcing the fi360 Article Competition, and the Fiduciary Survey

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The Next Step to a Uniform Fiduciary Standard

Posted by Byron Bowman on February 27, 2013 in

During her testimony before the Senate Banking Committee on February 14, SEC Chairman Elisse Walter discussed the next step in the long road toward a uniform standard for investment advisers and broker-dealers. In response to spirited questioning by Sen. Jon Tester (D-Mont.), Chairman Walter predicted that the SEC will issue a formal request for information regarding the costs and benefits of a rule imposing a uniform standard of conduct. The SEC hopes to receive comments not only from investment advisers, broker-dealers, and the other “usual suspects,” but also from investors—both retail and institutional. Chairman Walter anticipates that...

The Next Step to a Uniform Fiduciary Standard

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Fiduciary Links: Take the Third Annual fi360-AdvisorOne.com Fiduciary Standard Survey

Posted by fi360 Team on February 26, 2013 in Fiduciary Links What's new at fi360?

fi360 and AdvisorOne.com have just launched our third annual Fiduciary Standard Survey. The survey is open to all types of financial advisors and seeks to find how well advisors understand the fiduciary standard of care, how they feel about the standard, and how those attitudes are evolving over time.

Fiduciary Links: Take the Third Annual fi360-AdvisorOne.com Fiduciary Standard Survey

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