LPL Moving 133 Jobs From San Diego to South Carolina
Fewer than 40 employees are being offered the chance to move across the country in order to keep their positions.
SEC 'Continues to Wrestle' With Target-Date Fund Risk Rule: IM's Grim
Former SEC Commissioner Wallman urges IM to "tackle" TDF risk disclosure rule.
Accredited Investor Is an ‘Artificial Distinction’: SEC Acting Chair
At SEC Speaks, acting Chairman Michael Piwowar also zeroed in on how the Dodd-Frank Act burdens the "forgotten investor."
SEC Charges Advisor With Stealing $900K From a Client: Enforcement
In other enforcement news, a forex trader is accused of bilking clients and spending some of their cash at McDonald's, Victoria's Secret and Gymboree.
The Investing Pros and Cons of Trump
Whether you or I agree with these pros and cons isn't relevant; the thinking of millions of people holding trillions of dollars in capital is.
SEC Issues Guidance for Robo-Advisors, Investors
Robos are fiduciaries under the Advisers Act, SEC says.
Judge Denies Request to Halt Thrivent DOL Fiduciary Case
The court “agrees with Plaintiff that a stay is not warranted at this time,” District Court judge says.
Sen. Warren Pushes Mnuchin to Investigate Scaramucci Over Russian Talks
Warren says that Scaramucci talks dealt with potential business with head of a Russian entity subject to sanctions by Treasury.
BD Must Repay Tribe $3.4M, Pay $750K FINRA Fine
An advisor that sold $190 million in nontraded REITs and BDCs has yet to resolve charges with the regulator.
Wells Fargo Fires Managers, Denies Bonuses in Account Probe
Bank doesn’t specify what prompted four managers’ termination; board may yet release more information, source says.