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News & Views

  • CFI Professional Insights Series: Featuring Ira Hammerman

    • September 19, 2019
    • Posted by: giawatkins
    • Categories: CFI News, Professional Insights
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    Ira Hammerman oversees all legal and compliance related activity at SIFMA, including comment letters, litigation and regulatory relationships. He has been intimately involved with SIFMA’s regulatory advocacy on a wide range of issues impacting the capital markets, including its advocacy on efficient and effective SRO Reform, and its pursuit of a best interest standard of

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  • Jay Rosen is Featured Panelist at Industry Seminar On Selling and Defending Alternative Products

    • July 29, 2019
    • Posted by: giawatkins
    • Category: Uncategorized
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    In late June, our Founder, and Chairman Emeritus, Jay Rosen, participated in a panel presentation, entitled “Alternative Products: Selling and Defending from the Perspective of the Broker-Dealer… and The Experts”, hosted by Lilian Morvay, CEO of the IBDC – RIAC. Joining Jay were Sherri Cooke of AI Insight; David Baugh of Kaufman, Dolowich & Voluck

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  • FINRA Announces the results of Mutual Fund Fee Waiver Initiative

    • July 26, 2019
    • Posted by: giawatkins
    • Category: FINRA
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    Earlier this week, FINRA Announced the results of its Mutual Fund Fee Waiver Initiative. CFI helped nearly a dozen of these Firms with efficient Data Analytics remediations. Equally as important, CFI is working with Firms to provide sustainable supervisory solutions to ensure there are no recidivist problems on future exams. BDs and RIAs must be

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  • SEC to Chase New Share Class Cases Under ‘Best Interest’ Rules

    • July 8, 2019
    • Posted by: giawatkins
    • Category: SEC
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    SEC to Chase New Share Class Cases Under ‘Best Interest’ Rules Article published on July 8, 2019 By Jill Gregorie The SEC’s efforts to weed out instances of conflicted advice are far from finished, even after settling 79 cases of share class overcharges earlier this year. The four-month amnesty period that the Securities and Exchange Commission

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  • CFI Professional Insights Series: Featuring Emily Gordy

    • June 10, 2019
    • Posted by: giawatkins
    • Categories: CFI News, Professional Insights
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    Drawing on her unique combination of experience as a regulator and in-house counsel, Emily Gordy handles a wide range of compliance and enforcement issues affecting broker-dealers, investment advisers, investment companies, and municipal securities dealers. Emily has extensive expertise in Anti-Money Laundering (AML), and in other regulatory areas, including supervision, suitability, disclosure, books and records, municipal

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  • Chairman and CEO of Capital Forensics, Vadim Khavinson, Featured in FSDA Member Spotlight

    • May 6, 2019
    • Posted by: giawatkins
    • Category: CFI News
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    MAY 2019 – Meet Vadim Khavinson, Chairman and Chief Executive Officer of Capital Forensics, Inc. and FSDA Corporate Member. We are speaking today with Vadim Khavinson of Capital Forensics, Inc. Vadim, please tell us a little bit about yourself. I’m a native of Belarus and came to the United States with my family when I

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  • Capital Forensics, Inc. Expands Expertise in Annuities, Insurance, and Trust with Addition of Richard Randa

    • May 6, 2019
    • Posted by: giawatkins
    • Category: CFI News
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    New Senior Advisor Has More Than 35 Years of Broker-Dealer Experience, Overseeing Product Integrity and Regulatory Compliance for Multiple Lines PALATINE, IL – MAY 8, 2019 – Capital Forensics, Inc. (CFI) announced today that Rich Randa has joined the firm as Senior Advisor – Packaged Products, Insurance & Trusts; expanding CFI’s team of highly experienced

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  • Kamran Fotouhi Featured Panelist on Elder Care Issues

    • April 19, 2019
    • Posted by: giawatkins
    • Categories: CFI News, FINRA
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    CFI Managing Director Kamran Fotouhi was a featured panelist at a recent Palm Beach County Estate Planning Council membership breakfast, where he discussed regulatory and financial issues related to Elder Care. The panel addressed fraud and elder abuse, and the resources currently available to prevent exploitation of vulnerable adults, including FINRA’s Securities Helpline for Seniors.

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  • CFI Sourced for Expertise on FINRA’s 529 Plan Initiative

    • March 25, 2019
    • Posted by: giawatkins
    • Categories: FINRA, SEC
    No Comments

    Slammed by Fines, Distributors Move to Fewer Share Classes, Simpler Sales Terms Article published on March 25, 2019 By Jill Gregorie Mounting regulatory pressure will push funds to slim down the number of share classes they make available, consultants say. Earlier this month, the Securities and Exchange Commission announced settlements with 79 advisory arms of broker-dealers

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  • Client Regulatory Alert: FINRA Extends Self-Reporting Deadline to April 30 for 529 Plan Share Class Initiative

    • March 6, 2019
    • Posted by: GA
    • Category: FINRA
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    FINRA announced today, in connection with the agency’s 529 Plan Share Class Initiative (529 Initiative), that it has extended the deadline by which broker-dealers are required to self-report supervisory violations, and to provide FINRA with a plan to remediate harmed customers. In response, FINRA’s Department of Enforcement will recommend that FINRA accept a settlement that includes restitution for

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