Credit Suisse Fined $16.5M by FINRA for Weak Anti-Money Laundering Policies
The firm fell short on procedures to detect possible money laundering involving microcap stock transactions.
Why RIAs and IBDs Favor ETFs Over Actively Managed Funds 4 to 1
The increased flows into ETFs are due to many factors including the DOL fiduciary rule.
FINRA to Increase Number of Public Arbitrators
The SEC has approved a FINRA rule to increase the number of arbitrators on the public arbitrator list from 10 to 15.
New Hearsay Tools Make Social Media Compliance Easier and Faster
The new technology enables compliance supervisors to review advisor digital activity with one or two clicks.
Wells Fargo to Keep Commission-Based Retirement Accounts
The bank outlines steps being taken to support "client choice" under the DOL fiduciary rule in a memo released Friday.
3 Big Complaints About Donor-Advised Funds
Most complaints about the fastest-growing charitable giving vehicle in America are overstated, says Howard Husock of the Manhattan Institute.
Anthony Iannarino: How to Win Clients and Influence Prospects
Sales guru Anthony Iannarino talks to ThinkAdvisor about how advisors can be effective salespeople. (For one thing, pick up the phone.)
Raymond James’ Longtime Chairman to Give Up Post in Early 2017
CEO Paul Reilly will take on the role as Tom James becomes chairman emeritus of the independent broker-dealer.
PIMCO to Pay SEC Nearly $20M for Misleading Total Return ETF Investors
PIMCO didn’t tell investors that the initial surge by the fund—formerly managed by Bill Gross—was driven by a strategy that wasn’t sustainable, the SEC said.
Trump’s Choice of Bharara Sends Message: We’ll Bust Corporate Criminals
Ex-U.S. attorney John Wood believes Trump wants to hold the powerful accountable despite appointing several wealthy bankers to his administration.