McConnell Pessimistic That Congress Will Revamp Dodd-Frank
Senate leader says Democrats uninterested in overhauling financial rules; any big changes may fall to regulators, he adds.
FINRA Seeks Comments on Outside Business Activities, Private Securities
FINRA is seeking feedback from member firms on rules governing broker-dealer employees’ business and securities activities carried out away from their firm.
Edward Snowden Talks WannaCry Attack, Blockchain, Financial Regs
The attack is "yet another example of why stockpiling computer vulnerabilities by governments is such a problem," Snowden said.
SEC Charges CEO With Failing to Disclose Perks: Enforcement
The SEC also charged a law firm partner in a $1 million insider trading scheme.
Trump Issues Executive Order on Cybersecurity
President Donald Trump issued an executive order on Thursday calling for enhanced cybersecurity at the national level and more support for a skilled cybersecurity workforce.
In Reversal, Merrill OKs Retirement Account Commissions in 'Limited Situations'
Wealth chief Andy Sieg shares details on the cases in which advisors can charge commissions via BIC.
FINRA to Clamp Down on High-Risk Brokers With Tougher Rules
The group is looking to raise fees, consider more severe sanctions and further restrict firm and advisors with disciplinary issues.
Killing Fiduciary Rule Seen as New DOL Chief’s Top Priority
Acosta “is still looking for a solution that could be implemented in final form before June 9,” says ERISA attorney Fred Reish.
Templeton’s Mobius Says Low Market Volatility Tied to Social Media
Templeton investing guru says social media creates confusion; people then dismiss bad news, leading to market calm, he says.
Wells Fargo Doubles Cost Slashing as Scandal Spurs Tech Push
Bank says it will eliminate $4 billion of expenses by 2019; management abandons longstanding target for efficiency ratio.