Just because an investor can throw $150,000 at an investment doesn’t mean they’re sophisticated and don’t need to look at a prospectus.
Find out what parts of your practice are unprofitable by using full-cost accounting—that means including compliance costs, which are often overlooked.
You’ve had it with Your dealer. It’s time to move to one with better service, faster trade clearing, and improved market access. But how will it impact your clients? Here are eight things to consider:
Swiss banker Bradley Birkenfeld joined UBS in 2001. Four years later, Birkenfeld realized that UBS’s practice of storing money for American clients in Swiss bank accounts was illegal. Birkenfeld voiced his concern to his supervisors and UBS’s compliance and legal departments. Since he didn’t receive a response, in 2007 Birkenfeld left UBS and complained to the IRS and SEC, triggering a multibillion-dollar international tax-fraud scandal.
What the regulators say about disclosing illegal activities.
Electronic communication has been around for awhile, but Canada recently became the last of the G8 countries to introduce laws to curb spam and spyware when Parliament passed the Fighting Internet and Wireless Spam Act (FISA) last December.
More financial institutions are interested in covered bonds, thanks to increasing regulatory capital requirements, the need to re-establish acceptable capital levels in the short term and declining interest in securitized loans.
For over a decade, registered salespeople have sought the right to incorporate. Many other professionals most notably those selling insurance—have been able to do so for quite some time. Though not legally able to incorporate, many salespeople assign commissions earned on the sale of securities to unregistered corporations.
For over a decade, registered salespeople have sought the right to incorporate. Many other professionals most notably those selling insurance—have been able to do so for quite some time. Though not legally able to incorporate, many salespeople assign commissions earned on the sale of securities to unregistered corporations. But this approach, unless properly structured and […]
Recent federal government regulations will allow banks and other financial institutions to do more business with customers online and electronically transmit documents currently mailed at hefty postage, printing, disposal and environmental costs.