Wells Fargo Faulted for Discriminatory, Illegal Lending Practices
The bank’s Community Reinvestment Act rating is slashed two levels, triggers restrictions that may hamper company’s growth.
Wells Fargo Reaches $110M Settlement for Fake Accounts
Agreement may cover more than 2 million unauthorized accounts; judge must still approve nationwide resolution of claims.
United Capital’s FinLife Partners Reaches $3B in Less Than a Year
The wealth management operating system is an answer to consumers' desire to have digitized financial services.
IRS Issues Excise Tax Relief Related to DOL Fiduciary Rule
The guidance syncs IRS’ enforcement of excise tax rules on prohibited transactions with DOL's temporary enforcement policy.
Former Obama Advisor Jarrett Elected to Ariel Investments' Board
Valerie Jarrett, the longest serving senior advisor to Obama, has a background in both the private and public sectors.
Salesforce Announces AI-Driven Enhancement for CRM
Salesforce’s targeted CRM for financial services firms has new artificial intelligence and natural language processing capabilities.
SEC Bars Broker for Aiding Brothers' Securities Fraud
The three “repeatedly duped at least four unsophisticated foreign investors into sending funds to various U.S. bank and brokerage accounts," the SEC states.
EMoney Launches Enterprise Division
EMoney Advisor has launched a new division to provide support and products specifically for enterprise clients.
Wells Fargo Gives More Details on Robo Service
The program has a minimum investment of $10,000 and a yearly cost of 50 basis points, which includes phone-based financial advisor support.
FINRA360 Initiative to Take a ‘Fresh Look’ at Operations
FINRA "must be willing to consider any changes that will better serve the interests of investors," says CEO Cook.