Guest Columnist Les Abromovitz

Les, thanks for the heads up! — Mike Byrnes, President of Byrnes Consulting, LLC, www.byrnesconsulting.com

PS tweeted it out at @byrnesconsultin.

Honesty is still a virtue to be dealt with :)

As we know, you can differentiate you firm … and be honest, too.

SEC may tackle RIAs claiming to have 'skin in the game' 

Les Abromovitz

National Compliance Services

Aladdin Capital Management

The past two years have been some of the most momentous in the relatively short history of the RIA profession. Legislators and regulators have been gradually embracing the fiduciary standard, though whether it will fully apply to everyone calling themselves advisors remains to be seen.

The Department of Labor’s crusade to lower costs and increase transparency in retirement plans means a spate of new regulations affecting advisors and brokers in that market. Dodd-Frank Financial Reform, meanwhile, continues to unroll across the profession, with the biggest change being a shift to state oversight of RIAs with less than $100 million AUM. In this section, you’ll find continually updated RIABiz.com coverage on all these topics.

RIA Compliance

Heed the cautionary tale of the recent $1.6 million settlement against an RIA and its affiliated B-D that falsely claimed they co-invested in a fund 

SEC may tackle RIAs claiming to have 'skin in the game'

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