Reps Fired by Wells Fargo Asked to Call FINRA
FINRA is investigating whether the U-5 forms of several hundred employees "contained inaccurate or incomplete comments related to the reason for the termination."
U.S. Limits on Wall Street Bonuses Appear Doomed Ahead of Trump
Obscure regulator of credit unions said to be hurdle for rules; new restrictions clash with Trump pledge to rip up Dodd-Frank.
Ex-Rep Says He Stole $1.6M From Clients
The former advisor has pleaded guilty to stealing from a family that owned three trusts that he managed.
Blucora, HD Vest to Add Robo-Services
Some 5 million TaxAct clients will soon have access to the Financial Guard platform but can opt to work with FAs instead.
Can an Algorithm Assess Investors’ Complex Financial Needs?
“The future of financial advice is bionic,” CEO David Siegel of Investopedia said.
FINRA Fines Morgan Stanley $1.5M Over Broken Links: Enforcement
In SEC enforcement news, an IT specialist settles charges of insider trading and a whistleblower is awarded $3.5 million.
State Warns BDs: Watch ‘Bad Actors’ or We’ll Do It For You
A sweep of more than 240 broker-dealers in Massachusetts yields some revealing information on misconduct and supervision.
50 Best Places to Work: Glassdoor Report
Career website Glassdoor Inc. released its annual report on the best places to work based on employees’ anonymously submitted reviews.
Trump Pick for DOL Chief Said to Be Andrew Puzder
The fast-food CEO is a sharp critic of Obama’s regulations and could roll back efforts to expand corporate liability and raise worker wages.
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.