Archives for 2023
Barred ex-Morgan Stanley broker among four indicted for stealing more than $13M from NBA players
Editor’s Comment: FCA tries to toughen up
The FCA confirmed some important new appointments this week which suggest that it will be trying to take a tougher line with enforcement in future. With every sign that financial scams and financial crime are growing at an unprecedented and troubling rate, the watchdog has decided it’s time to act. It has a mountain to […]
Weekend Reading For Financial Planners (March 25-26)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that the CFP Board of Standards launched its 1st ad campaign, dubbed “It’s Gotta Be A CFP”, following its transition to a 501(c)(6) organization. In a change from previous campaigns, the first ad directly recommends that […]
FOS to raise maximum award to £415,000
The consumer complaints body the Financial Ombudsman Service is to increase its maximum compensation award from £375,000 to £415,00 from 1 April. The FOS received the go ahead to raise the award limits from the FCA this week. The limit is the maximum that financial businesses can be ordered to pay when the FOS, […]
Marlborough launches low cost platform for advisers
Fund manager Marlborough has launched an investment platform for financial advisers and their clients with an annual charge of 0.2%. The company says its new Select Platform will offer the latest technology, low charges and a commitment to high levels of service. The platform is being run by managing director Phil Gilder who was part […]
How to Fill Out Form 1120: A Guide for Corporations
According to the Small Business Administration, 81.2% of large employers and 24.8% of small employers are corporations. Structuring your business as a corporation comes with benefits like limited liability and increased access to capital. It also comes with its own unique small business tax return—Form 1120. Do you know how to fill out Form 1120? […]
Why recidivist fraudsters fall through the cracks
FCA beefs up enforcement with 2 senior hires
The Financial Conduct Authority has appointed Therese Chambers and Steve Smart as joint executive directors of enforcement and market oversight in a move to strengthen its enforcement team. The watchdog says the bigger enforcement team will help ensure consumer outcomes meet the higher standards of the new Consumer Duty which arrives in July. The FCA […]
Kitces & Carl Episode 108: Crafting A (Marketing) Manifesto To Show What You Really Stand For
Offering financial advice can mean many things for different financial advisors, and there are many reasons that advisors choose to join the planning profession. But for many advisors, the process of articulating their philosophies about financial advice and what it is the advisor stands for can be much more challenging than learning the technical aspects […]