FINRA Plans BrokerCheck Changes, Remote Exams
The regulator also sets Oct. 1, 2018, as the effective date for its streamlined competency exams.
Brokers Violating DOL Rule by Shifting Clients to Fee Accounts: Roper
Consumer Federation of America urges regulators to investigate if firms are “found to be exploiting the DOL rule to profit unfairly at their customers’ expense.”
Regulators Issue Joint Investor Bulletin During World Investor Week
Securities regulators on six continents are participating in the investor education and protection event.
Lawmaker Pushes for ‘Care Corps’ to Help Elderly
At Genworth's Long-Term Care Symposium, Rep. Michelle Lujan Grisham attempted to "jumpstart" her bill as the insurer reported some scary numbers for retirees.
SEC ‘Working on’ Fiduciary Rule, Concerned About State Laws: Clayton
SEC and DOL "can cooperate and get there, I believe" on a fiduicary rulemaking, Clayton told lawmakers. "The devil is in the details."
‘You Should Be Fired’: Sen. Warren Rips Wells Fargo CEO
“At best you were incompetent, at worst you were complicit,” Warren said to CEO Timothy Sloan, who was testifying before the Senate.
SEC Busts Businessman, Firms in Initial Coin Offering Scam
REcoin Group Foundation and DRC World (also known as Diamond Reserve Club) claimed their coins were backed by real estate and diamonds.
Individuals’ Personal Info Revealed in SEC EDGAR Hack
A test filing accessed by third parties contained names, birthdates and Social Security numbers of two individuals.
Clean Shares Are a Work in Progress: Morningstar
DOL “needs to understand this is a new idea, and we are still coming to a consensus on what clean shares mean," said Morningstar's Szapiro.
FINRA Zeros In on Bad Brokers, Arb Transparency and New Enforcement
It's been a little over a year since Robert Cook took the helm as CEO of the Financial Industry Regulatory Authority and launched a top-to-bottom review of the self-regulator via the FINRA360 initiative.