FINRA Charges Avenir Financial With Fraud in Equity Interest Sales to Seniors
An Avenir broker used $77,000 of investor money for personal expenses, FINRA said.
FINRA Chief to Testify in House
The House Financial Services Capital Markets Subcommittee will question FINRA CEO Richard Ketchum on May 1. The controversial CARDS plan will be a likely topic.
Senate Democrats Push Back on DOL Fiduciary Plan
The Obama administration plan to tighten rules on brokers is facing blowback from the president’s own party.
SEC Gives Compliance Officer $1M Whistleblower Award
The whistleblower is set to receive between $1.4 million and $1.6 million for reporting "imminent misconduct."
Enforcement: Deutsche Bank to Pay $2.4B Over LIBOR Manipulation
Meanwhile, RBC will pay $1.4 million to FINRA for failing to follow its own guidelines, resulting in unsuitable sales.
DOL Not Budging on Fiduciary Rule Comment Period
Labor Secretary Thomas Perez says that the current timeline, including a hearing and another chance to comment, is "a long time."
IRS Ripped at Hearing Over Service Cuts to Taxpayers
The IRS commissioner countered that budget cuts had constrained the agency's capacity to help taxpayers during filing season.
Is the DOL’s New Proposal Really a New Broker Standard?
As I make my way through the DOL’s proposed rule changes for brokers, the sentence that keeps running through my mind is: “We’ve been had.”
Former IAA President and CEO Tittsworth to Join Ropes & Gray
Former longtime president and CEO of IAA will join Ropes & Gray LLP’s investment management practice in June.
Raymond James Exec: ‘No Robo-Advisor Plans’
Raymond James' indie arm remains focused on advisors, their growth and recruiting, according to President Scott Curtis.