News -

Leadership Lessons: Jennifer Stout On Building a Winning Team (Video)

Bates News  |  11-02-18

Leadership Lessons: Jennifer Stout On Building a Winning Team (Video)

Bates is pleased to introduce the next new mini-interview we are sharing on the occasion of Bates Group President and CEO Jennifer Stout’s 25th anniversary with Bates. In this video segment, Jennifer discusses leadership lessons she has learned over the years that help her connect to clients and support employees and the firm.

Detail
Federal Trade Commission Reports on Senior Consumer Fraud

Bates News, Bates Research  |  10-31-18

Federal Trade Commission Reports on Senior Consumer Fraud

In a new report to Congress, the Federal Trade Commission (“FTC”) compiled its latest data on the widespread problem of financial fraud perpetrated against elderly consumers. The agency also highlighted 2017-2018 enforcement actions and described its outreach and education initiatives to combat senior financial abuse. This article highlights the findings in the latest FTC report.

Detail
SEC Finalizes Its Four-Year Strategic Plan

Bates News, Bates Research  |  10-25-18

SEC Finalizes Its Four-Year Strategic Plan

In June, Bates reported on an SEC Draft Strategic Plan for Fiscal Years 2018 - 2022. The development of the plan is required by federal statute as a means to assess “agency performance and improvement.” The issuance of the Draft Plan was immediately followed by the submission of testimony by SEC Chair Jay Clayton before the House Committee on Financial Services. At that hearing, Chair Clayton expounded on the short draft strategy, describing in greater detail the future agenda for the agency. Now, after the required comment period, the agency’s Final Strategic Plan has been released. Chair Clayton describes the 11-page plan as a “forward-looking framework” that focuses “on the most important goals and initiatives” for fulfilling the agency’s mission. Bates Research takes a closer look.

Detail
New York DFS Asserts Itself in National Annuities Standards Debate

Bates News, Bates Research  |  10-18-18

New York DFS Asserts Itself in National Annuities Standards Debate

In a few weeks, a working group of the National Association of Insurance Commissioners (NAIC) will meet again in a continuing effort to complete a revision to the organization’s Suitability in Annuity Transactions Model Regulation. The goal of the working group remains a revision of the standards and procedures for providing appropriate recommendations to consumers “that result in transactions involving annuity products.” The group's progress took a detour in July when the New York Department of Financial Services (NYDFS) issued a final regulation establishing its own “best interest” standard of care for recommendations of both annuity products and life insurance products.

Bates Research takes a look at some of the issues as they are playing out with respect to the very real New York requirements on the horizon, and the NAIC’s efforts to revise the standards on annuity products.

Detail
The Evolution of Bates: Jennifer Stout On Driving Change to Meet Client Needs (Video)

Bates News  |  10-16-18

The Evolution of Bates: Jennifer Stout On Driving Change to Meet Client Needs (Video)

Bates is pleased to introduce the first of several new mini-interviews we will be sharing over the coming weeks on the occasion of Bates Group President and CEO Jennifer Stout’s 25th anniversary with Bates. In this video, "The Evolution of Bates," Jennifer discusses driving change to meet client and industry needs.

Detail
Bates Group Welcomes Retirement, Insurance and Annuity Consultant Michael J. Lacek

Bates News  |  10-12-18

Bates Group Welcomes Retirement, Insurance and Annuity Consultant Michael J. Lacek

Bates Group is pleased to welcome accomplished financial services attorney Michael J. Lacek to Bates Group as an Affiliate Consultant and Expert. With over 35 years of litigation and regulatory experience, Mr. Lacek brings a wealth of knowledge and expertise in the areas of retirement and insurance products, including suitability and sales practices of life insurance and annuity products; securities and insurance regulatory matters; and large complex commercial transactions and litigation.

Detail
Alert: FINRA Consolidating Exam and Risk Monitoring Programs

Compliance and Regulatory Alerts  |  10-11-18

Alert: FINRA Consolidating Exam and Risk Monitoring Programs

On October 1, FINRA announced that it will consolidate its Examination and Risk Monitoring Programs under a single structure. When completed in 2019, the move will incorporate business conduct, financial compliance and trading compliance under one unified framework. 

Detail
NASAA Update: New Leadership, Cybersecurity Model Act for IAs and Heightened Supervision for BDs

Bates News, Bates Research  |  10-04-18

NASAA Update: New Leadership, Cybersecurity Model Act for IAs and Heightened Supervision for BDs

On September 25th, Michael S. Pieciak, Commissioner of the Vermont Department of Financial Regulation, took the reins as the 101st president of the North American Securities Administrators Association (“NASAA”). That same day, NASAA’s Investment Adviser Section proposed a model rule that would require investment advisers to adopt policies and procedures regarding information security. NASAA also published the results of a series of “coordinated examinations of broker-dealer firms” that reviewed the heightened supervision plans of firms for registered representatives. Bates Research takes a closer look at these developments.

Detail
Susan Harper to Speak at PLI’s 2018 Securities Arbitration Program on Use of Experts

Bates News, Industry News  |  09-24-18

Susan Harper to Speak at PLI’s 2018 Securities Arbitration Program on Use of Experts

Bates Group Managing Director NY/NJ Susan L. Harper will be speaking on the Practicing Law Institute’s Securities Arbitration 2018 panel, “A Practicum on the Use of Experts,” in New York City, September 26, 2018.

Detail
FINRA Report Cites Greater Use of RegTech, Warns of Regulatory Implications

Bates News, Bates Research  |  09-20-18

FINRA Report Cites Greater Use of RegTech, Warns of Regulatory Implications

Despite RegTech’s “potential to fundamentally transform how securities industry participants perform their compliance obligations,” RegTech tools also raise “new challenges and regulatory implications” that affect “supervision, vendor management, data privacy and security.” That is the explicit assumption underlying a new FINRA white paper summarizing the results of the SRO’s extensive outreach on the subject. Bates Research takes a closer look.

Detail

Page 2 of 32 pages.

Alert

Get Bates Group News and Alerts in your Inbox

Sign Up Now

Contact Bates Group

Bates Group is with you every step of the way. Contact us today for more information on how our End-to-End Solutions can help your firm.

Contact Bates Group
Automat:ee