Monthly Archives: June 2013

SEC: More Examiners or More Automation?

According to a recent article, the SEC budget request will seek money for 250 new investment advisor examiners. The SEC has more IAs to examine than public companies, 11,000 vs 8,000. According to sources quoted in the article, under current processes the SEC would really need almost 2,000 additional examiners. It is not going to get them. Continue reading SEC: More Examiners or More Automation?

Communicating Trust: the Badge is not Enough

It used to be that customers at a brick and mortar bank, or visiting the office of a broker, would see badges from the FDIC or SIPC that gave a sense of trust to the institution. These badges, as well as e-Trust badges, migrated to the internet. They said to customers, “Your money is safe, your transactions are secure.” Post 9-11, post the financial crisis, however, confidence has nonetheless declined. Continue reading Communicating Trust: the Badge is not Enough