Massachusetts Distributes $3 Million to 14,000 Swindled Investors
Massachusetts said 14,000 investors have received a total of $2.9 million in settlements related to the illegal TelexFREE pyramid scheme.
SEC, FINRA Enforcement: Former 'Real Housewives' Husband Fined for Naked Short Selling
Brokerage firm ITG Inc. and affiliate AlterNet Securities will pay $20.3 million for running secret dark-pool trading desk.
Don Trone Blasts DOL Fiduciary Plan: Still Wouldn’t Stop Madoff
DOL’s fiduciary plan “does not define a fiduciary standard, just punitive rules,' argues “Father of Fiduciary.”
SEC Hits Edward Jones With $20M Fine Over Muni Bond Overcharges
Firm settles on SEC fraud charges that it overcharged customers on new municipal bond sales.
DOL Fiduciary Proposal Must Be Broader: Bobby Monks
“Broken” U.S. financial system filled with intermediaries whose fees leave investors poorer.
Compliance Now Core Financial Services Business Practice
Cipperman poll finds many firms don’t spend enough to make compliance programs effective.
DOL Fiduciary Plan Needs Rollover Exemption: Retirement Experts
Lawmakers and ARA say a new exemption is needed so plan advisors won’t be prohibited from helping participants with rollovers.
SEC Must Target Form ADV Changes to Reduce Advisor Costs: IAA
IAA tells SEC to focus a 'particularly keen eye' on disproportionate costs to small advisors under its request for more SMA data on Form ADV.
As RCAP Shares Crash, Cetera Recruiting and Retention Could Suffer
The firm's stock has plummeted 80% this year; the reorganization news isn't helping.
Ken Fisher’s 401(k) Unit Says DOL Fiduciary Plan Limits Investment Advice
Small plans could be hurt; DOL must also “make clear” some marketing activities are not fiduciary activity, Fisher unit said in comment letter.