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, “leaving her without access to liquid funds,” regulators say.
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.
‘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.
Dodd-Frank ‘Should Be Looked at,’ SEC Nominee Clayton Says
Trump nominee tells Senate committee he has no “specific plans” for a Dodd-Frank attack and that mandated rules “should go forward.”
Ackman's Investors Won't Get Their Yachts
Channeling Fred Schwed Jr., there’s at least one more question hanging over Bill Ackman's Valeant debacle.
Labor Nominee Vows to Toe Trump Fiduciary Line
Criteria set out in Trump order “really regulates and determines the Department of Labor’s approach to the fiduciary rule,” R. Alexander Acosta told senators.
Wall Street Bonuses Not Keeping Up With Profits
New York Comptroller finds that NYSE firms had a 21% bounce in profits, but employees' average bonus rose just 1% last year.
SEC Shortens Trade Settlement Cycle to 2 Days From 3
The T+2 rule is designed to enhance efficiency and reduce risk, the SEC says.
Advisor or Adviser? It’s More Than Semantics
Suppose I called myself a “docter,” and opened a medical clinic? Or a "lawyor," and started pounding out wills for people?
Texas Judge Denies Emergency Request to Block DOL Fiduciary Rule
The industry groups failed to satisfy four factors required to obtain an injunction pending appeal.