Wells Fargo Pulls Bonuses, Claws Back Top Exec Awards
Bogus-account scandal costs eight leaders pay, equity awards; CEO Tim Sloan, CFO John Shrewsberry among those affected.
DOL Proposes 60-Day Fiduciary Rule Delay
The just-released proposal includes a 15-day comment period.
TD Ameritrade Cuts Trade Commissions to $6.95 in Latest Price War Salvo
One day after Fidelity cuts are matched by Schwab, TD trims online equity, ETF and options trading costs.
SEC Crowdfunding Rules May Be ‘Too Restrictive’: Acting Chair
More than 160 U.S. deals have been initiated since Regulation CF kicked in last May, according to acting SEC Chairman Michael Piwowar.
American College Starts Black Broker Scholarship Program
The fund aims to boost the share of advisors who are African-American, which is now less than 8%.
Fidelity Cuts Trading Prices, and Schwab Follows
The two firms have emerged as the industry's lowest cost big brokers.
Wells Fargo Robo Pilot Set for Summer; Rollout for Late 2017
The service, to be called Intuitive Investor, aims to bring in new, younger clients to its wealth management unit.
Democrats and Republicans Alike Worry About Retirement Security
A majority of Americans say pensions are better for retirement security than 401(k) plans, NIRS found in a survey.
Morgan Stanley Takes $70M Charge for Tax-Reporting Errors
The wirehouse said the tax-reporting issues affected wealth management clients from 2011 to 2016.
JPMorgan Software Does in Seconds What Took Lawyers 360,000 Hours
A learning machine is parsing financial deals that once kept legal teams busy for thousands of hours. And that's just the start for JPMorgan.