DOL Fiduciary Redraft Still Coming in January: OMB
An update from the OMB shows the DOL still plans a January release, despite speculation to the contrary.
Merrill Grabs 6 Reps From Morgan Stanley, Others
The recruited reps have about $710 million in assets and $5 million in production.
SEC Enforcement: HSBC to Pay $12M Over Cross-Border Breaches
Meanwhile, a CEO and the manager of a restaurant he frequented were fined for insider trading.
New Hire Roundup: Bessemer Trust Welcomes New Hedge Fund Director
Meanwhile, U.S. Bank Wealth Management announces two new hires in its private client businesses.
No Talk of Cetera Spinoff, CEO Roth Says
As Cetera names winners of its Business Plan Challenge, CEO Larry Roth says "there's been no conversation around selling" the BD group.
‘Faulty’ Analysis Could Torpedo an SEC Fiduciary Rule: Advocates
SEC’s analysis on a fiduciary rule must be “thorough and well-reasoned,” as a “faulty analysis could doom or further delay” prospects for reform.
Canadian Firms Scramble to Add Female Directors Ahead of New Rules
Every few weeks, Sue Riddell Rose gets a phone call asking if she’s interested in joining another corporate board.
Top 10 Cybersecurity Trends for Financial Services in 2015
Developments include threats to Middle East firms, war gaming and creation of “fusion centers.”
6 Ways to Lure Clients Graduating From Robo-Advisors
When investors outgrow automated advice, they’re going to look for a certain kind of advisor.
RCAP Says Some Selling Deals Have Resumed as Execs Buy Company Stock
The nontraded REIT distributor stays mum on which broker-dealers have changed their sales policies on ARCP products.