Legal & Regulation | Wealth Adviser

New survey reveals unintended consequences of MiFID II

Mon, 04/02/2019 - 10:55

One year since the implementation of MiFID II, a new survey of fund managers and mid and small-sized quoted companies reveals that the new regulation has had a detrimental impact on demand and liquidity for small and mid-cap stocks, as the availability and quality of analyst research continues to decline. »

Advisers have welcomed Best Interests duty, says new research

Wed, 30/01/2019 - 09:31

Research released today by HUB24 Limited, conducted with over 300 Australian financial advisers, has shown the Best Interests Duty (BID) has been overwhelmingly welcomed since its introduction in 2013. »

Maples and Calder and MaplesFS combine as the Maples Group

Mon, 28/01/2019 - 10:45

Maples and Calder and MaplesFS which together comprise Maples Fiduciary and Maples Fund Services, have consolidated their offerings under a single brand, now called the Maples Group. »

Dolfin extends Maltese operation with investment services licence upgrade

Tue, 08/01/2019 - 10:39

Wealth management platform Dolfin has been awarded a Category III licence, expanding its execution and post-trade services to include principal trading on the Malta Stock Exchange (MSE). »

SEC charges two robo-advisers with false disclosures

Mon, 24/12/2018 - 10:30

The Securities and Exchange Commission (SEC) has instituted settled proceedings against two robo-advisers for making false statements about investment products and publishing misleading advertising. »

Magnifying glass revealing the word FRAUD

CFTC charges Chicago-area trader with ongoing forex and commodity fraud

Wed, 19/12/2018 - 09:02

The Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action against Dro Kholamian of Barrington, Illinois, and his company, Blue Star Trading, LLC (Blue Star), an Illinois limited liability company with an office in Park Ridge, Illinois. »

Picture of a man with megaphone making announcement

TISA’s MiFID II project delivers open standards solution

Tue, 11/12/2018 - 09:05

TISA, the investments and savings membership alliance, has achieved ISO accreditation for the open standards underpinning the downstream and upstream reporting of Costs & Charges and Target Market Data in its MiFID II solution. »

PIMFA calls for suspension of the PRIIPs regime in the interests of investor understanding

Fri, 07/12/2018 - 09:32

PIMFA, a trade association for wealth managers and financial advisers, believes that information being provided to investors in accordance with the PRIIPs KID regime is doing them more harm than good and that the ESAs’ hastily-drafted proposals for amending KID performance scenarios are unlikely to improve the situation. »

S&P DJI establishes EU authorised benchmark administrator in Amsterdam

Wed, 05/12/2018 - 10:50

The Dutch Authority for Financial Markets (AFM) has granted S&P DJI Netherlands (S&P DJI BV) authorisation as a regulated Dutch benchmark administrator, under the EU benchmark regulation. »

SEC charges two celebrities with unlawfully touting coin offerings

Fri, 30/11/2018 - 11:00

The SEC has issued and settled charges against professional boxer Floyd Mayweather Jr and music producer Khaled Khaled, known as DJ Khaled, for failing to disclose payments they received for promoting investments in Initial Coin Offerings (ICOs). »