Kellyanne Conway Lets Advisors in on Secret of Trump Win
Conway, Trump's campaign manager, discussed telltale signs in the polls signaling a Trump victory that the campaign didn’t discuss publicly.
DOL Fiduciary Rule Likely Delayed, Not Derailed
At MarketCounsel Summit, industry officials urge advisors and BDs to continue their compliance efforts.
SEC’s Piwowar Likely to Be Acting Chair, Could Be New Chair: Ex-SEC Official Aguilar
At MarketCounsel conference, Aguilar says Piwowar would not embrace the SEC moving ahead on a fiduciary rule.
Obama’s Cybersecurity Commission Issues Final Report
The nonpartisan commission identifies six imperatives for current, and new, administrations to take action on.
Credit Suisse Fined $16.5M by FINRA for Weak Anti-Money Laundering Policies
The firm fell short on procedures to detect possible money laundering involving microcap stock transactions.
FINRA to Increase Number of Public Arbitrators
The SEC has approved a FINRA rule to increase the number of arbitrators on the public arbitrator list from 10 to 15.
PIMCO to Pay SEC Nearly $20M for Misleading Total Return ETF Investors
PIMCO didn’t tell investors that the initial surge by the fund—formerly managed by Bill Gross—was driven by a strategy that wasn’t sustainable, the SEC said.
DOL's Borzi: Rule or No Rule, There's No Going Back on Fiduciary
"I’m not going to conclude that this rule is going away" under the Trump administration, Borzi said at a Consumer Federation of America conference.
FINRA Hits Merrill With $7M Penalty on Customer Accounts
FINRA fined Merrill for inadequately supervising its customers’ use of leverage in certain brokerage accounts.
Senator Tells DOL to Stop Implementing Fiduciary Rule as It Will Be 'Undone'
Meanwhile, a new report says advisors plan to abandon "mass-market" clients because of the DOL rule.