FINRA Blasted for Not Fixing ‘Broken’ BrokerCheck
PIABA, a group of lawyers who represents investors, says that FINRA wasted money on TV advertising pushing its “flawed” system.
Senior Safe Act Could Be Signed Into Law by Year-End
Senior financial abuse will only continue to grow as our senior population increases by 10,000 individuals per day through 2030, says SIFMA's Hammerman
Sen. Warren Probes Wells Fargo Board on Stumpf Compensation, New CEO
Warren says in letter, Stumpf resignation is “not enough to assure proper accountability at Wells Fargo, raises additional questions.”
Under Court Ruling, CFPB Must Justify Costs of Rules: Hensarling
House Financial Services Committee Chairman Hensarling wants “written assurance” that CFPB will abide by executive orders.
FINRA Close to Filing Fraud Rule for ‘Vulnerable’ Investors
FINRA senior helpline has received 6,700 calls to date. Top call queries: education, variable annuities, BrokerCheck.
SEC Launches New FINRA Inspection Team
FINRA and Securities Industry Oversight group, headed by Kevin Goodman, chief of the agency’s BD exam program, “is now up and running,” says SEC.
As SEC’s Money Market Rules Begin, Advisors Warned of Complexities
Investors should consider impact of new rules, “including the deteriorating purchasing power protection of money funds,” says PIMCO’s Schneider.
Lots of ‘Noise,’ Not Enough ‘Businesses’ in Advisor Space: FP Transitions’ Grau
“What worries me is that 95% of the independent space” is made up of these “books” and “practice” models, Grau told NAPFA attendees.
Deutsche Bank to Pay $9.5M SEC Fine on Research Report Failures
Deutsche Bank Securities agreed to pay a penalty for failing to safeguard material nonpublic information generated by its research analysts.
SEC Hit Advisors With Record Enforcement Actions in FY ’16
New single-year high for actions involving advisors and “most ever” independent or standalone cases involving advisors in FY ’16.