NEWS & GUIDANCE
SEC Chair Mary Jo White is now prepared to discuss “in depth” her thinking with the full Commission on a uniform fiduciary standard for investment advisers and broker-dealers. In a March 24 hearing before the House Committee on Financial Services (see related story), White reiterated her opinion tha...
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Call it IA vs. IA. A decision this month by a federal appeals court could open the door to more lawsuits against investment advisers when mutual fund portfolios sink after straying from investment restrictions.   In Northstar Financial Advisors v. Schwab Investments, a tiny New Jersey-based adviser ...
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Many eyes are watching to see how the SEC vs. The Robare Group ($150M in AUM) case plays out. Allegations of inadequate disclosures around conflicts and compensation hang around the Houston-based adviser, which is challenging the enforcement action before an ALJ. A decision is expected this summer. ...
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