Annuity Sales to Plunge Under DOL Fiduciary Rule: Cerulli
IRI also says that industrywide annuity sales in the third quarter dropped 12% from a year ago.
FINRA Expels First Crowdfunding Portal
The regulator says uFundingPortal.com violated several SEC regulations and FINRA's own portal rules.
SEC Approves 2017 Budget Boost for PCAOB
PCAOB, which oversees audits of SEC-regulated BDs, gets a 4.2% increase over its 2016 budget.
Chamber’s CEO: ‘Already Working’ With Trump to Kill DOL Fiduciary Rule
U.S. Chamber of Commerce is “urging immediate action to undo” the rule, Thomas Donohue says.
DOL Fiduciary Rule Harming Investors Via 'Orphaned' 401(k)s: ICI's Blass
Under the Trump administration, SEC is likely to place a “heavy emphasis on capital formation,” said the policy director of Americans for Financial Reform.
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.
Piwowar Likely SEC Acting Chair, Could Be New Chair: Ex-Commissioner Aguilar
At MarketCounsel, Luis Aguilar says Michael Piwowar would not advance an SEC 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.