SEC OKs FINRA BrokerCheck Link Rule
BDs will now have to include a "readily apparent reference and hyperlink" to BrokerCheck on their websites.
Edelman Financial Services to Be Acquired by Hellman & Friedman
CEO Ric Edelman will step down in order to focus on firm growth.
McCarthy’s Pass on Speakership Sets Up Shutdown Showdown: Andy Friedman
A December shutdown "might well be in the offing," says Friedman of The Washington Update.
Expats Beware: FATCA Tax Data Exchange Is Up and Running
The IRS can now exchange taxpayer information with some foreign tax administrators.
Blackstone Group to Pay SEC $39M Over Fee Arrangements
Blackstone failed to adequately disclose the acceleration of monitoring fees paid by fund-owned portfolio companies prior to the companies’ sale or IPO.
December Rate Hike Could Be Thwarted by Government Shutdown: Valliere
“I’m very apprehensive about December,” says Greg Valliere, who's now chief global strategist for Horizon Investments.
GOP Lawmakers Press DOL to Reissue Amended Fiduciary Rule
GOP to Perez: “We strongly urge you to provide stakeholders with an opportunity to review the changes” before the rule advances to OMB.
SEC Needs to Move on Fiduciary Rule, Ex-SEC Chiefs Say
At TD Ameritrade Advocacy Leadership event, ex-SEC Chairwoman Mary Schapiro said, “I feel very strongly the SEC needs to move forward” now on fiduciary.
Wagner Bill Halting DOL Fiduciary Rule Passes House Panel
Meanwhile, Brookings economist Robert Litan resigned after Sen. Elizabeth Warren questioned him about the sponsor of a study that panned the proposed rule.
NASAA Gets New President, Floats Elder Financial Abuse Rule
Like a rule proposed recently by FINRA, NASAA's plan allows BDs and advisors to delay disbursement of funds when financial exploitation against seniors is suspected.