The SEC and FINRA have reached a settlement with Goldman Sachs regarding the bank’s failure to supervise  its employees participation in the firm’s “trading huddles.” As a result, Goldman will pay $11 million in fines to both the SEC and FINRA.  Goldman consented to the fines without admitting or denying the findings. Read more here.

Does the CFP Board’s recent creation of the position and appointment of a new director of investigations create yet another level of securities enforcement scrutiny for financial planners?  On the surface, it sure looks like it. A recent Advisor One article entitled ”CFP Board’s Keller Says New ‘Top Cop” Will Beef Up Investigations” quotes CFP Board CEO Kevin Keller stating that the reason … Read more