Protecting Wealthiest 2-3% ‘Strains Logic & Reason': SEC Commissioner
SEC chairwoman insists accredited investor definition will be reviewed; Commissioner Gallagher says “millionaires can fend for themselves.”
Bank of America Granted Penalty Relief After SEC Compromise
The SEC has resolved an impasse over punishing Bank of America in a mortgage case, clearing the way for a $16.7 billion global settlement.
Goldman Fires Bankers After Getting Confidential Fed Info
Goldman Sachs fired two bankers after one of them allegedly shared confidential documents from the Federal Reserve Bank of New York within the firm.
Citigroup Risk Executive’s Death Suspected as Suicide
Shawn D. Miller, a Citigroup Inc. executive who helped create an international standard for responsible lending, died from what police now suspect was a self-inflicted wound.
Securities America Nabs Ex-Advisor Group Recruiter
Gary Bender spent the bulk of his career at independent broker-dealers Royal Alliance and Woodbury.
What Doctors and Families Have That Advisors Don’t
The CFA Institute’s Bob Stammers argues that financial advice is ultimately about behavior change, which only a relationship of trust can foster.
Schorsch’s Cetera Rolls Out Consulting Group for Advisors
Cetera's 9,000-plus independent reps will get easy access to accounting, legal and other experts over the next year, starting with the top performers.
SEC Fines Wedbush $2.4M in Market Access Case; FINRA Complaint on Deck
Los Angeles-based Wedbush Securities and two top officials agreed to settle a pending SEC case for market access violations.
TD Ameritrade Endows Director of Financial Planning for Texas A&M
Nathan Harness, currently an assistant professor of finance at TAMU, will step up to the position of TD Ameritrade Director of Financial Planning.
New Hire Roundup: John Mendez Nominated to Be SIPC Chairman
In another personnel move, Craig Anzlovar has joined Pioneer Investments as fixed income client portfolio manager.