This Loophole Ends the Privacy of Social Security Numbers
A federal appeals court decision has worrying implications for those who oppose a single national identification number.
Compliance Support for DOL Fiduciary Rule Next Big Advisor Need: Cogent
Advisor education may be important for firms as much for assuaging fears and easing confusion as for compliance, new research from Cogent says.
FSOC Defends MetLife Designation as SIFI
MetLife has challenged the basis for the FSOC’s designation of the company as systemically important.
U.K. Official: No Brexit Negotiations This Year; U.S. Groups Want Transition Period
A British official overseeing trade policy told a SIFMA symposium that the U.K. will “definitely not” begin the process of exiting the EU before year end.
U.S. Justice Department Investigating Wells Fargo
The probe follows a $185 million fine levied by regulators who charged the bank with opening 2 million accounts without customers' approval.
PIMCO Accuses Bill Gross of Leaking Confidential Bonus Records
PIMCO escalated its court battle with Bill Gross by claiming he may have destroyed documents and leaked confidential pay information to the media.
Envestnet’s Bergman: Robo-Advisors, Automation Critical for RIAs’ Success
Bergman makes the case that a robo-advisor plus a human advisor equals better client outcomes.
FINRA Fines Ameriprise for Rep Who Stole $370K From His Family
Ameriprise was fined for allegedly failing “to exercise reasonable due diligence in supervising” the accounts, the regulator said.
Bill to Replace Dodd-Frank Passes House Panel
Democrats charge that Rep. Jeb Hensarling’s Financial CHOICE Act would hurt investors by dismantling the CFPB.
Wells Fargo Drops Product Sales Goals for Retail Bankers
Step taken after CFPB fines bank for creating fake accounts; Treasury Secretary Lew says scandal shows need for CFPB.