News, Vision & Voice for the Advisory Community


One-Man Think Tank: The SEC's custody examinations leave gaps big enough for Madoff to drive a bus through

How to reassure clients who are seeing Ponzi after Ponzi unveiled

Author Ron Rhoades, Columnist July 27, 2010 at 1:57 AM
no description available
Ron Rhoades: Many RIAs rightly question the utility of limited inspections by regulators.

Related Moves

Charles 'Chuck Schwab' called James Gorman to protest a two-broker poach, kicking off a hydra-headed legal battle, costing Morgan Stanley millions, so far

The Schwab founder and chairman invoked Charles Schwab Corp.'s zero-tolerance policy against Wall Street -- or RIA -- poaching of talent and AUM from Schwab branches.

March 9, 2023 at 1:23 AM

Why FINRA's late appearance into smoothie-throwing broker James Iannazzo's life might be rough

It's been about 11 months since Merrill Lynch fired him, and the CFP Board stripped him of the CFP mark; attracting the SRO's attention means more woes.

December 29, 2022 at 1:05 AM

November 18, 2022 at 2:56 AM



July 29, 2010 — 5:23 PM

RE: #2 – Madoff had perfect credit histories, as do nearly all white collar criminals. Studies show zero correlation between credit history and ethical job performance. The big three credit reporting agencies have admitted, albeit very quietly, that no such correlation exists. These firms simply wish to perpetuate the assumption in order to boost profits from employer ordered credit reports. In fact, the congressional bill which would ban employer credit checks has been stalled in the House finance committee due to the political influence they have over the top committee members who collected the most contributions from the big three.

RIABiz Directory

The Industry Sourcebook for RIAs

   |    LISTING

RIABiz Directory sponsored by:

Directory Sponsor Logo