In what appears to be a growing trend, state and federal regulators are launching investigations into the sales practices and administration of 403(b) retirement plans for school districts.
Two weeks ago, on January 10,...more
1/28/2020
/ 403(b) Plans ,
Benefit Plan Sponsors ,
Broker-Dealer ,
Deferred Compensation ,
Educational Institutions ,
Enforcement Actions ,
Financial Industry Regulatory Authority (FINRA) ,
Government Investigations ,
Investment Adviser ,
Life Insurance ,
Plan Administrators ,
Retail Investors ,
Retirement Plan ,
School Districts ,
Securities and Exchange Commission (SEC) ,
Teachers
The SEC recently approved FINRA’s proposed rule aimed at preventing fraud and abuse of senior investors. On March 30, FINRA issued Regulatory Notice 17-11, setting the effective date for the new rule as February 5, 2018. The...more
4/13/2017
/ Broker-Dealer ,
Elder Issues ,
Exploitation ,
Financial Industry Regulatory Authority (FINRA) ,
Financial Institutions ,
Financial Services Industry ,
Fraud and Abuse ,
Investment Adviser ,
Investors ,
Proposed Amendments ,
Proposed Legislation ,
Securities and Exchange Commission (SEC) ,
Vulnerable Victims
This week, FINRA published its Regulatory and Examinations Priorities Letter providing member firms and industry professionals with information about FINRA plans for 2017. While not comprehensive or all inclusive, FINRA’s...more
The Financial Industry Regulation Authority (FINRA) announced a new proposed rule that will allow member firms to place a temporary hold on a disbursement of funds or securities when the firm has a reasonable belief that...more