Archives for 2021
Citigroup failed to disclose reps’ tax liens and judgments, FINRA says
Pershing’s step into direct indexing reveals more about the custodian’s technology vision
Weekend Reading for Financial Planners (Dec 4-5)
Enjoy the current installment of “Weekend Reading for Financial Planners” – this week’s edition kicks off with the news that industry giant Envestnet has filed with the SEC to launch its first four ETFs, which will take an ‘ActivePassive’ approach that will take both active and passive investing approaches within the same ETF. And while […]
Editor’s Column: A bad rap for reps?
At last we finally know who was to blame for all the faults in the financial advisory sector over the past 20 years – it was the appointed reps all the time. Or was it? The FCA put the boot in to appointed representatives (ARs) this week by announcing a sweeping reform of the AR system, […]
Pandemic plaudits for watchdog – survey
Practitioners say that overall the FCA handled the pandemic well, according to an independent survey. Practitioners mostly had a “positive” view of how the regulator handled the pandemic but there is room to improve in the future, many said. The FCA suspended or deferred some requirements during the lockdowns, gave firms more time to pay […]
FCA wants tougher regulation of appointed reps
The FCA is consulting on plans to significantly strengthen regulation of appointed representatives (ARs) after analysis showed firms employing appointed reps suffered four times as many complaints as firms not using appointed reps. The FCA says it is seeing a, “wide range of harm across all sectors where firms have ARs (appointed representatives)” and needs to tackle the problem. […]
New CISI Jersey branch President details plans
Paul Groden Chartered FCSI, the new Jersey branch President for the Chartered Institute for Securities & Investment (CISI), is to focus on financial education and inclusion during his term in office. Mr Groden has worked in financial services for 20 years in fields ranging from asset-backed securitisation to structured products. He is currently leading the […]
Is this really the end of cash?
Since the rise of online banking, ATO crackdowns, eCommerce, and the effects of the COVID-19 pandemic, the future of cash is looking grim. Is cash still king? It’s increasingly uncertain. Let’s unpack the modern story of cash in Australia and investigate its viability and emerging functions in an increasingly cashless economy. The historical decline of […]
Is this really the end of cash?
Since the rise of online banking, ATO crackdowns, eCommerce, and the effects of the COVID-19 pandemic, the future of cash is looking grim. Is cash still king? It’s increasingly uncertain. Let’s unpack the modern story of cash in Australia and investigate its viability and emerging functions in an increasingly cashless economy. The historical decline of […]