Show Me the Money: Taking the Fiduciary Debate to the Bottom Line
Part of acting in a client’s best interest is that the adviser must consider the “cost” of the recommended investments.
Wells Fargo Must Rehire Fake-Accounts Whistleblower, Pay $577K
Department of Labor made the decision Friday, when private info on 50,000 clients and advisors was released.
Wells Fargo Shares Private Info on 50,000 Clients and Advisors: Report
The data breach includes clients' portfolio and asset information, as well as FA compensation and client lists, according to The New York Times.
New White House Comm Chief Scaramucci Supports Trump's Tweets
“He’ll use social media ... it's very important for him to express his identity,” said Scaramucci.
FINRA Advances Crackdown on Bad Brokers
FINRA also wants the SEC to allow the SRO to expand its pool of “non-arbitrators.”
Cetera Firms to Pay $2.5M in Restitution; SEC Bars Lawyer: Enforcement
According to FINRA, two Cetera firms disadvantaged certain customers by causing them to pay higher fees than required.
Advisors, Plan Sponsors Out of Sync in DC Plan Space
Wells Fargo Asset Management compared its survey advisors to a previous one of plan sponsors to discover the gaps.
Bill to Repeal DOL Fiduciary Rule Passes House Panel
Also, Trump’s DOL releases spring reg agenda as industry prods Labor to extend Jan. 1 compliance date, RFI comment period.
Best Countries for Citizenship by Investment
The CBI Index ranked 12 countries’ citizenship by investment programs to find the fastest, cheapest areas to establish dual citizenship.
Cybersecurity Still Top Compliance Concern for Advisors: Poll
Form ADV, custody rule, branch office compliance also tops IAA's annual poll