Tagged with "IAA"

Are AML Rules for Advisors Necessary

Posted on September 17th, 2015 at 9:11 AM
Are AML Rules for Advisors Necessary

The Financial Crimes Enforcement Network released new proposed rules, which required investment advisors to enforce anti-money laundering programs, many are unsure if the rules are necessary and if they are worth raising compliance costs.

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LATEST NEWS AND ARTICLES

April 25, 2024
B. Riley Financial Clears Air Amid Allegations, Stock Surges

Amidst swirling speculation regarding its connections with a client linked to the Prophecy Asset Management collapse, B. Riley Financial Inc. has conducted an internal
review, concluding no affiliations with the defunct hedge fund.

April 24, 2024
RIA Insurance Claims Skyrocket

A recent analysis by Golsan Scruggs reveals a staggering 231 percent increase in errors-and-omissions (E&O) liability claims among registered investment advisor (RIA)
insurers.

April 23, 2024
Surge Predicted in Regulation Best Interest Cases

According to a recent analysis, Reg BI-related actions quickly have ascended to the top five issues for FINRA, with fines totaling $6 million in 2023.