SEC Names Norberg Whistleblower Office Chief
Jane Norberg was named as the new chief for the SEC's Office of the Whistleblower, which she helped set up in 2011.
UBS Settles With SEC Over Sales of ‘Complex Products’
SEC says the wirehouse must repay 8,700 investors over $8 million and pay a fine for not reasonably training its advisors.
Nationwide Says DOL Rule Behind Jefferson National Deal
Nationwide said it struck a deal to buy the Louisville-based Jefferson National, a firm with about $4.7 billion in client assets.
Wells Fargo’s CEO Forfeits $41 Million in Fight to Keep Job
The clawback marks the biggest forfeiture of compensation from a major U.S. bank chief since at least the 2008 financial crisis.
IRS Warns of Obamacare ‘Tax Bill’ Fraud; Names Private Tax Collectors
Agency issues warning on fraudsters sending ACA ‘fake tax bills’ by email; reveals four private tax collectors under FAST Act.
DOL Fiduciary Has Many Advisors Mulling Career Change: Fidelity Survey
While 29% of advisors see a positive impact from the DOL rule, 28% say they are considering either retirement or a career change.
Ex-NYPD Chief Ray Kelly’s 4-Step Plan to Cybersecurity Preparedness
Kelly’s keynote speech at ALM’s cyberSecure explored the team and planning aspects of cybersecurity for business.
Bill to Kill Dodd-Frank, DOL Rule May Get Vote After Election: Hensarling
At SIFMA conference, House Financial Services chair says Donald Trump supports CHOICE Act, which would also kill DOL’s fiduciary rule.
Securities America Buys $2B Advisor Group, Wraps Up 9th Deal
The IBD is adding some 67 advisors who produce $11 million in yearly revenue near Rochester, New York.
Wells Fargo Faces ‘Top-to-Bottom’ Review, Labor Department Says
Senators questioned whether workers were denied overtime pay; Labor Secretary Perez says in letter he ordered investigation.