Securities & Exchange Commission

Finally, DOL requires Advisors to put client interests first

By |2018-12-20T20:30:17-08:00February 29th, 2016|Brokers, Business News, Fiduciary Duty Standards, Financial Health, Investment Advisor Rules, Money Management, Securities & Exchange Commission, TIA|

Today, I'm calling on the Department of Labor to update the rules and requirements that retirement advisors put the best interests of their clients above their own financial interests. It's a very simple principle: You want to give financial advice, you've got to put your client's interests first.           – President Barack Obama, February 23, 2015   We are thrilled [...]

SEC raises concerns on mutual fund fees

By |2018-12-20T20:31:07-08:00January 15th, 2016|Brokers, Fee Transparency, Mutual Funds, Securities & Exchange Commission, Shareholder Rights|

For many investors, mutual fund fees are among the largest hidden costs of investing. They can be confusing, too. Fund companies can charge investors a variety of fees, and according to this guidance from the U.S. Securities and Exchange Commission, some fund companies may not be characterizing their expenses correctly.  This should be a little alarming to those investors who [...]

Fiduciary Blurt

By |2018-12-20T20:37:17-08:00March 11th, 2015|Brokers, Fiduciary Duty Standards, Financial Institutions, Investment Advisor Rules, Securities & Exchange Commission, TIA|

By Dr. Jonathan Tiemann In my childhood, my favorite cartoon was The Adventures of Rocky and Bullwinkle, a Cold War-era sendup of the popular cloak-and-dagger movies of the day. The heroes, Rocky the Flying Squirrel and Bullwinkle T. Moose, always managed, in their bumbling way, to thwart the arch-villains, Boris Badenov and Natasha Fatale. In one memorable adventure, Boris and [...]

SEC Fiduciary Panel Seeks to Raise the Investment Advice Standards for Brokers

By |2018-12-20T21:55:15-08:00October 8th, 2013|Brokers, Business News, Fiduciary Duty Standards, Investment Advisor Rules, Securities & Exchange Commission|

October 8, 2013 — In what might cause the biggest uptick in quality of service for investors since the 1940's, a subcommittee of the Investor Advisory Committee to the SEC has just circulated a draft proposal recommending that the SEC proceed with a rule requiring brokers to PUT THE BEST INTERESTS OF THEIR CLIENTS BEFORE THEIR OWN when providing investment [...]

SEC Adopts Custody Rule Changes For Investment Advisors

By |2018-12-20T21:57:52-08:00December 30th, 2009|Brokers, Fiduciary Duty Standards, Financial Health, Financial Institutions, Investment Advisor Rules, Securities & Exchange Commission, TIA|

Posted December 30, 2009 In 2009, the SEC adopted amendments to the custody and recordkeeping rules under the Investment Advisers Act of 1940 to provide additional safeguards when a registered adviser has custody of client funds or securities, providing greater guidance and stronger protections for investors. TIA was then (and still is) pleased with this improved rule change. The final [...]