Ameriprise Agrees to $27.5M 401(k) Settlement
The broker-dealer was accused of charging its employees high fees and using expensive proprietary funds.
IRI: VA Summary Prospectus Rule From SEC May Finally Be Coming
IRI, the annuity trade group, also sees the DOL's fiduciary plan advancing in early April.
SEC Fines Firm, Unregistered BDs $6 Million
Nine companies and 12 individuals acted as brokers for corporate bond sales without legal registration.
SEC Adopts JOBS Act Reg A Update as NASAA Raises Concern
SEC adopts final rules to facilitate smaller companies’ access to capital by updating and expanding Reg A.
Will She or Won’t She? Mary Jo White and the Broker Fiduciary Standard
News of SEC Chairwoman White’s support for a broker fiduciary standard may be greatly exaggerated.
FINRA Hits Firm for $916,000 Over Illegal Short Sales
First New York is being sanctioned for shorting shares ahead of 14 public offerings.
Senate Banking’s Shelby: DOL Fiduciary Hearing May Occur
Senate Banking’s Shelby says DOL redraft hearing may be in the offing and adds he would be ‘reluctant’ to support user fees; New York comptroller pushes fiduciary law.
SEC Chief White: Fiduciary Rulemaking Just Getting Started
Any such rule is “still a 'whether' question," SEC chairwoman says, pointing out she is only "one of five votes" on the commission.
Merrill Fined $2.5M Over Unapproved ‘Double Production’ Talks
Three hundred advisors and staff in Boston attended sales presentations that were not pre-approved by compliance.
CFPB’s Independent Funding Nixed in Senate Budget Plan
GOP senator calls CFPB “a rogue agency,” but consumer groups say independent funding shields it from Wall Street pressure.