$30K in Student Loan Debt Could Mean $325K Less In Retirement
The under-35 age group has more than tripled its education debt since 1989, LIMRA says; pre-retirees and retirees also hold significantly more education debt today.
Galvin Asks Banks to Do More to Prevent Elder Financial Abuse
The regulator asks 190 financial firms to train staffers and implement protocols for better protection of senior clients.
SEC Enforcement: Ex-Edward Jones Broker Used Client Real Estate Investments to Remodel House
Meanwhile, SEC fined a political intelligence firm for mishandling nonpublic info from Medicare and the FDA.
Why Advisors Ignore ESG Investing at Their Peril
Advisors who fail to understand the growing popularity of investing according to environmental, social and governance principles risk falling behind their competition.
Recruiting Roundup: UBS, Others Nab More Credit Suisse Reps
Meanwhile, Raymond James recruited a group of breakaway brokers and several Wells Fargo FAs.
Threat of Cyberattacks Could Now Affect Moody’s Ratings
Moody’s identifies three key factors it will look at to determine a credit impact associated with a cyber event.
Morgan Stanley Adds Bonuses for Advisors Who Land Cash-Heavy Clients
Under Morgan Stanley's 2016 comp plan, advisors can receive $5,000 to $50,000 a year for growth in clients who are “cash management engaged.”
Ex-Morgan Advisor, in Unusual Move, Takes FINRA Arb Case to Federal Court
Few advisors appeal a FINRA promissory-note ruling because the odds of winning are slim; however, Laurie Facsina’s case is different from most.
Third-Party Advisor Audits Could Be a Disaster: Norm Champ
Champ, a former SEC Investment Manangement director, looks at other cases in which SEC outsourced its authority with "disastrous results."
Currency Spoofing Is Said to Be in New York’s Crosshairs
Attorney General Schneiderman's office said to be investigating placing of fake foreign-exchange orders, known as "spoofing" or "ghosting."