Feature Articles Archives - Page 10 of 37 - The Industry Spread

New Best Interest Standard Discussed

October 18, 2019

A broker acting in their client’s best interest may seem easy enough, but the new Securities and Exchange Commission (SEC) rule takes over one thousand pages to spell this out.

Bitcoin is Playing a Role in Another Darknet Criminal Scheme

October 17, 2019

Once calling it “the mother of all scams,” he also said, “Bitcoin’s only real use has been to facilitate illegal activities such as drug transactions, tax evasion, avoidance of capital controls, or money laundering,” referring to Ulbricht and other criminal schemes. 

CFTC’s Power To Prosecute Manipulators Examined

October 14, 2019

Some people might be thinking: Why do we need legislation like that? Don’t we already have something in place? Unfortunately, current law does not have enough protections for our consumers, and we have found in other areas that it is very important to have a strong bright line, a law on the books against manipulation

SEC Provides Red Flags for Scams Techniques

October 14, 2019

The Securities and Exchange Commission (SEC) is warning investors about common scam techniques.  They have put together a video series which can be found here. The series noted that investors should be weary of fake testimonials, offers which purport to expire, requests to send money abroad, and using credit cards, or even multiple credit cards, to open an account. 

FINRA’s Department of Enforcement Explained

October 8, 2019

The Department of Enforcement within FINRA, the Financial Industry Regulatory Authority, has four units, a key reform from 2018.

Lizzie Hogan is the Senior Vice President of Market Regulation Enforcement, one of the three units with the Department of Enforcement, and she was the latest guest on FINRA’s podcast “Unscripted”.

SEC Explains Differences Between Brokers and Investment Advisors

October 7, 2019

An investment advisor, Clayton noted, “generally manages your account. The advisor can advise you to buy, sell, or hold the securities and the advisor can make some of or all of those decisions for you.” As such, an investment advisor has more decision-making power than does the broker.