IFAwebnews » North American Securities Administrators Association

Survey: Fiduciary standard should apply to insurance agents, too

Bob Graham — Tue, 21 Sep 2010 09:19:10 +0000

Most U.S. investors say that any financial professional selling investments, including insurance agents, should operate under a “fiduciary standard” requiring them to put their clients’ interests ahead of their own.

Survey: Fiduciary standard should apply to insurance agents, too via IFAwebnews.

N.J. bill protecting seniors from misleading advisor titles advances

Keith L. Martin — Fri, 07 May 2010 12:33:03 +0000

A bill prohibiting the misleading use of senior-specific certifications or professional designations for financial advisors linked to the sale of securities is moving forward in New Jersey.

N.J. bill protecting seniors from misleading advisor titles advances via IFAwebnews.

Millions made available to investors defrauded by regional firm

Keith L. Martin — Mon, 18 Jan 2010 14:00:27 +0000

A New Jersey Superior Court has approved a $5.15 million distribution plan to investors defrauded by Newark, N.J., native Robert Brennan and his firm in a case dating back nearly 15 years.

Millions made available to investors defrauded by regional firm via IFAwebnews.

Stifel to return $41 million to investors in auction rate securities

Keith L. Martin — Fri, 08 Jan 2010 14:00:44 +0000

A Missouri-based financial services firm will repurchase all of its retail clients’ auction rate securities, including $41 million in payouts this year, as part of a settlement agreement.

Stifel to return $41 million to investors in auction rate securities via IFAwebnews.

Merrill Lynch settles financial advisor support staff licensing case

Bob Graham — Fri, 18 Dec 2009 13:33:00 +0000

Merrill Lynch agreed to pay about $425,000 to Virginia to settle allegations that some of its administrative and sales support staff involved in securities transactions in the state were not registered under the Virginia Securities Act.

Merrill Lynch settles financial advisor support staff licensing case via IFAwebnews.

RBC to pay Virginia $272,000 in securities settlement

Derek Mearns — Thu, 29 Oct 2009 13:00:39 +0000

Virginia’s State Corporation Commission has issued a consent order finalizing its participation in a global settlement involving RBC Capital Markets Corp.

RBC to pay Virginia $272,000 in securities settlement via IFAwebnews.

Wachovia settles auction-rate securities case with D.C. regulators

Keith L. Martin — Fri, 23 Oct 2009 13:00:43 +0000

Wachovia Securities has finalized a deal with regulators in the District of Columbia on the repurchase of auction-rate securities to settle allegations the firm’s dealers misled investors about the safety of the market.

Wachovia settles auction-rate securities case with D.C. regulators via IFAwebnews.

Kanjorski says Obama’s plan supplants optional federal charter

Bob Graham — Wed, 24 Jun 2009 18:33:24 +0000

Pennsylvania Rep. Paul Kanjorski said that if the Obama Administration’s proposed Consumer Financial Protection Agency is passed, an optional federal insurance charter would be unnecessary.

Paul Kanjorski

“After this [is approved], ... Read →

Kanjorski says Obama’s plan supplants optional federal charter via IFAwebnews.