Advisor Gets 7-Year Sentence for $21M Ponzi Scheme: Enforcement
In other enforcement news, SEC charges a Virginia man with insider trading and FINRA fines Credit Suisse.
Being a Fiduciary Is More Than Offering the Lowest Cost Solution
SEI's John Frownfelter warns that overly cost-focused advisors are overlooking valuable asset classes and that passive investing may be a bubble about to burst.
Texas BD to Pay $100K Fine, Repayments to Seniors It Fleeced in Massachusetts
In one case, a senior client in the final stage of terminal cancer had almost all of her assets put in a variable annuity.
New Money Market Fund Rules Working as Planned: NY Fed
As a result of the new rules, money has shifted away from riskier institutional prime and muni funds into safer government funds.
6 Guidelines for Building a Client-Friendly Financial App
The Center for Financial Services Innovation has partnered with Google Play to release a guide for firms building their own fintech app.
‘Myth Busting’ Ex-Broker to Pay Dating Guru $1M
A FINRA panel has ruled that radio host Dawn Bennett is required to compensate the former client for losses and expenses.
On Cybersecurity, Clients Have a Lot to Learn
Your clients are getting the message that they need secure passwords and that public Wi-Fi isn’t necessarily safe, but that's about all they know.
Jay Clayton, SEC Chair Nominee, Grilled Over Wall Street Ties
Critics in the Senate, including Elizabeth Warren, worry that Clayton would have to recuse himself too often.
Investor Optimism Climbs to 16-Year High: Wells Fargo/Gallup
The last time investors were so optimistic in this survey was November 2000, when the tech boom was ending.
Investors in ‘Bullish Holding Pattern’: Merrill
Upcoming European elections are seen as the chief tail risk, according to Merrill's March fund manager survey.