Nerd's Eye View

MARCH 21, 2025

of advisor compensation, while commission-based revenues have declined to 23% of an average advisor's revenue.

Financial Planner 225

Financial Planner Commission Communication Clients 225

Wealth Management

NOVEMBER 4, 2024

The commission settled charges that Wahed Invest violated the ad rule when including a pro soccer player and MMA athletes in marketing without clarifying that they weren’t clients and were compensated.

Commission 349

Commission Clients Investments Investing 349

Calculated Risk

DECEMBER 22, 2024

Note: RI is mostly investment in new single-family structures, multifamily structures, home improvement and commissions on existing home sales. Through November, starts were down 4.3% year-to-date compared to the same period in 2023 (due to a sharp decline in multi-family starts). New home sales were up 2.1% year-to-date through October.

Economics 290

Economics Economy Sales Commission 290

Calculated Risk

JULY 29, 2022

According to the Bureau of Economic Analysis, RI includes new single-family structures, multifamily structures, home improvement, Brokers’ commissions and other ownership transfer costs, and a few minor categories (dormitories, manufactured homes). Brokers' commissions were unchanged year-over-year in Q4 (down as a percent of GDP).

Commission 363

Commission Manufacturing Investing Investments 363

Wealth Management

OCTOBER 2, 2024

He joined the commission in 2021 and has overseen numerous notable cases, including the first actions related to Regulation Best Interest. Grewal’s last day will be Oct.

Commission 298

Commission 298

Wealth Management

AUGUST 14, 2024

According to the commission, Russell Todd Burkhalter, the CEO of Drive Planning, allegedly used new funds to pay existing investors’ returns and personal expenses, including yacht and private jet payments.

Commission 298

Commission Planning 298

Wealth Management

SEPTEMBER 25, 2024

The two firms are in hot water over sales of Harvest’s “Iron Condor” strategy that resulted in $5 million in excess management fees and commissions.

Management 290

Management Commission Sales 290

Nerd's Eye View

JANUARY 24, 2025

Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news that while overall financial advisor headcount remains relatively flat, the RIA channel continues to gain share in terms of both headcount (as brokers break away to start their own independent firms and aspiring advisors seek (..)

Financial Planner 246

Financial Planner Asset Allocation Clients Commission 246

Wealth Management

JUNE 9, 2023

The SEC's new risk alert reiterates that the commission is "not kidding" about marketing rule violations, according to the head of one vendor.

Commission 315

Commission Marketing Marketing 315

Wealth Management

MAY 1, 2024

The Federal Trade Commission's move to outlaw these clauses in contracts could affect millions of Americans. But litigation against the ban is already in motion.

Commission 312

Commission Banking 312

Wealth Management

MARCH 18, 2024

The commission accused Global Predictions and Delphia of “AI washing,” making misleading claims about how they each used artificial intelligence in managing investments.

Commission 306

Commission Management Investments Investing 306

Wealth Management

NOVEMBER 8, 2024

According to the commission, Invesco overstated how much of its AUM was ESG-integrated because that percentage included all ETFs.

Commission 274

Commission 274

Wealth Management

NOVEMBER 19, 2024

Kaival Patel was previously convicted of charges stemming from a plan to collect commissions on falsely prescribed compound medications, according to the Justice Department.

Commission 276

Commission Medical Insurance Planning 276

Wealth Management

MAY 17, 2023

Panelists spoke about advanced analytics’ impact on the industry during FINRA’s annual conference, while SEC Chair Gary Gensler said he’d asked commission staff to consider recommendations on rules for predictive data analytics conflicts.

Commission 309

Commission 309

Wealth Management

SEPTEMBER 11, 2024

According to the commission, Donald Anthony Wright made false statements when selling promissory notes to clients to fund the purchase of a Texas-based media marketing company.

Commission 275

Commission Media Clients Marketing 275

Wealth Management

SEPTEMBER 17, 2024

The commission alleged that the schemers behind the fraudulent crypto platform NanoBit Limited falsely claimed their affiliate was an SEC-registered broker.

Commission 264

Commission 264

Wealth Management

JANUARY 21, 2025

The new task force will be led by Commissioner Peirce and was unveiled by an SEC release criticizing the commissions prior approach to crypto enforcement.

Commission 264

Commission 264

Wealth Management

SEPTEMBER 30, 2024

The commission alleged two advisors defrauded clients by allocating unprofitable trades into their accounts, netting millions in "illicit" profits for themselves.

Commission 263

Commission Accounting Clients 263

Wealth Management

OCTOBER 26, 2023

The commission accused Julie Anne Darrah of a multi-year scheme targeting elderly female advisory clients spanning from before and after her firm joined Wealth Enhancement Group.

Clients 290

Clients Commission 290

Wealth Management

MAY 7, 2024

The IBD filed a notice to appeal with the First Circut Court of Appeals after a Massachusetts federal judge ruled in favor of the Securities and Exchange Commission.

Commission 289

Commission 289

Wealth Management

DECEMBER 12, 2024

The commission charged South Carolina-based former rep Eric Cobb with defrauding clients while working for SeaCrest Wealth Management. The firm paid $375,000 to settle the charges.

Wealth Management 260

Wealth Management Commission Clients Management 260

Wealth Management

APRIL 8, 2025

In a speech to state securities regulators, Acting SEC Chair Mark Uyeda said he worried the threshold may have become unbalanced since Dodd-Frank and asked commission staff to conduct a periodic evaluation of the cutoff.

Commission 264

Commission 264

Wealth Management

SEPTEMBER 25, 2023

trillion—with a "T"—with no evidence of any legitimate assets at all, according to the commission. Vista Financial Advisors registered in 2021 and soon claimed it managed more than $11.5

Commission 289

Commission Financial Advisor Assets Management 289

Calculated Risk

JANUARY 29, 2024

According to the Bureau of Economic Analysis, RI includes new single-family structures, multifamily structures, home improvement, Brokers’ commissions and other ownership transfer costs, and a few minor categories (dormitories, manufactured homes). Brokers' commissions were down 5% year-over-year in Q4.

Commission 289

Commission Manufacturing Investing Investments 289

Wealth Management

OCTOBER 16, 2023

On Friday, the US Securities and Exchange Commission declined to appeal on earlier positive court ruling for Grayscale.

Commission 279

Commission 279

Wealth Management

DECEMBER 11, 2023

In a recent report, the SEC Investor Advocate suggested the commission "temporarily" stop RIAs from including mandatory arbitration clauses in contracts, arguing they could "mislead retail clients into not exercising their legal rights."

Commission 289

Commission Retail Clients 289

Wealth Management

JANUARY 3, 2025

It is the Commission's latest enforcement action stemming from recently implemented RIA marketing rules. Atlas Financial Advisors falsely claimed Morningstar had verified and validated the hypothetical performance of its proprietary Portfolio Shield strategies,according to the SEC.

Portfolio 263

Portfolio Commission Financial Advisor Marketing 263

Wealth Management

NOVEMBER 25, 2024

According to the commission, James David Burleson’s scheme caused over $3 million in losses for his clients and a 26.5% positive return for himself. The SEC argues the probability that divergence occurred by chance was “less than one in a million.”

Commission 263

Commission Clients 263

Wealth Management

NOVEMBER 22, 2024

The Financial Industry Regulatory Authority must let the US Securities and Exchange Commission weigh in before it can cast out one of its members, a three-judge panel of the US Court of Appeals for the District of Columbia found.

Commission 262

Commission 262

Wealth Management

APRIL 23, 2024

The proposal by the Federal Trade Commission would ban most new non-compete agreements including those of senior executives.

Commission 272

Commission 272

Wealth Management

NOVEMBER 9, 2023

The Board’s Disciplinary and Ethics Commission previously released anonymized iterations of its public sanctions, but starting today the Board will make the actual orders available to the public.

CFP 277

CFP Ethics Commission 277

Wealth Management

SEPTEMBER 25, 2023

Wellesley Asset Management failed to properly disclose that it used hypothetical performance in advertisements for an index it created, according to the commission.

Advertising 274

Advertising Commission Assets Marketing 274

Wealth Management

APRIL 20, 2023

The commission unveiled the latest in a series of guidance from SEC staff to better equip firms in meeting the care obligations of Regulation Best Interest.

Commission 275

Commission 275

Wealth Management

NOVEMBER 29, 2023

In a session that lasted more than two hours, the justices suggested that people accused of fraud by the SEC have a constitutional right to go before a federal court jury, at least when the commission is seeking civil penalties.

Commission 282

Commission 282

Calculated Risk

APRIL 29, 2024

According to the Bureau of Economic Analysis, RI includes new single-family structures, multifamily structures, home improvement, Brokers’ commissions and other ownership transfer costs, and a few minor categories (dormitories, manufactured homes). Brokers' commissions were up 3% year-over-year in Q1.

Commission 278

Commission Manufacturing Investing Investments 278

Wealth Management

MARCH 16, 2023

" The commission also proposed updates to cybersecurity rules for brokers. The Investment Adviser Association, the trade group for RIAs, said it appreciated the additional time and was worried about the “interrelatedness of the SEC's current proposals."

Commission 278

Commission Investments Investing 278

NAIFA Advisor Today

AUGUST 1, 2023

Enrollment, quoting, customer management and engagement, and commissions are handled by disparate platforms that lack communication and may not be tailored to the industry's specific needs.

Commission 98

Commission Insurance Sales Accounting 98