Tagged with "Eccleston Law Offices"

A New Era in Securities Supervision and Compliance Developments

Posted on February 19th, 2015 at 2:49 PM

2014 brought a new era of securities regulation, with the changing of the guard at the Securities and Exchange Commission (“SEC”) during 2013, and the appointment of Mary Jo White as Chair. Th e SEC made clear that 2014, the year of the organization’s 80th anniversary, would feature stricter enforcement, increased examinations and a continued focus on creating and implementing cultures of compliance and disclosure throughout the industry. Th e Financial Industry Regulatory Authority, Inc. (“FINRA”), a self-regulatory organization (“SRO”) regulated by the SEC, similarly promulgated guidance refl ecting a focus on compliance, supervision and disclosure. James Eccleston and Christine Goodrich of Eccleston Law, LLC detail the regulatory changes and guidance issuesd by FINRA and the SEC.

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FINRA Announces Its Regulatory Priorities for 2015

Posted on February 3rd, 2015 at 10:14 AM

FINRA (the Financial Industry Regulatory Authority) has issued guidance to financial advisors and their firms, stating what it perceives to be the “recurring challenges” and announcing its “Areas of Focus for2015”

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5 Key Economic Trends for 2015

Posted on January 30th, 2015 at 11:19 AM
5 Key Economic Trends for 2015

According to the forecast from the SIFMA’s Economic Advisory Roundtable, 2015 looks to be a continuation of the positive trends of 2014.

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Investors Continue to Avoid High-Yield Bonds Despite New Cash Infusion

Posted on January 29th, 2015 at 4:00 PM

The European Central Bank announced a new $1.1 trillion euro bond-buying program last week. The goal of the new program was to push investors back into the market to buy risky corporate debt.

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CFP Board Changes CFP Exam Requirements

Posted on January 28th, 2015 at 4:50 PM
CFP Board Changes CFP Exam Requirements

The CFP Board has approved two changes to the process of attaining the initial CFP designation. 

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UBS’s Richest Clients Chase After Dollars and Scrap Swiss Franc

Posted on January 21st, 2015 at 12:23 PM
UBS’s Richest Clients Chase After Dollars and Scrap Swiss Franc

Last week, the Swiss National Bank abolished the franc’s three year-old cap of 1.20 per euro, which caused the currency to soar as much as 41 percent against the common currency. 

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Two Ex-MetLife Brokers Charged in an Annuity Scheme

Posted on January 15th, 2015 at 11:33 AM

Two former brokers for MetLife Securities Inc., Christopher Birli and Patrick Chapin, pled guilty to orchestrating an annuity scheme.

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Investors Selling Junk Bonds in Oil Rout

Posted on January 6th, 2015 at 11:19 AM
Investors Selling Junk Bonds in Oil Rout

Amid a free fall in the price of crude oil, investors withdraw nearly $1.9 billion from risky investments like low-rated junk bonds.

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Wells Fargo Pays $7.4 Million to Settle Bonus Lawsuit

Posted on January 3rd, 2015 at 9:22 AM
Wells Fargo Pays $7.4 Million to Settle Bonus Lawsuit

Wells Fargo Advisors has agreed to pay $7.42 million to settle a class action claim that the firm wrongly withheld incentive compensation from two former advisers and a certified class.  

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Top Five Upward Concerns for Advisers in 2015

Posted on January 2nd, 2015 at 10:08 AM
Top Five Upward Concerns for Advisers in 2015

Financial advisers are serious about growing their businesses in 2015. On one side, they see plenty of opportunities for growth; on the another side, they also see the uncertainties, like broker-dealer consolidations, the possibility of increased regulation and the mixed blessing of multiple business models to choose from. 

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