FINRA Data Shows 15-Year Decline in BDs
FINRA just published 15 years of data on the number of broker-dealer reps entering and leaving the industry and of the decline in member firms.
Commonwealth CEO Upbeat on DOL Fiduciary, ‘RIA-zation’
Wayne Bloom and other execs highlight the growth of the firm’s indie advisors at a national event in San Diego.
FINRA Orders Wells Fargo to Pay $3.4M Over Volatility-Linked ETPs
Reps recommended the exchange-traded products without fully understanding their risks, FINRA said.
Trump Names New EBSA Chief to Replace Borzi
If confirmed, Preston Rutledge will be instrumental in shepherding through any change that Labor makes to its fiduciary rule.
SEC Charges 3 in Caffeinated Snack Scam: Enforcement
In another action, the SEC charged an attorney with participating in a Ponzi scheme.
Bill to Kill DOL Fiduciary Rule Passes House Panel
Opponents of the DOL fiduciary rule were quick to express support of Rep. Wagner’s bill.
Raymond James to Grab $5B Clearing Client From Pershing
It also recruited a husband-and-wife team from Merrill Lynch with some $160 million in assets.
IRS Warns of New Email Scam Targeting E-Services Users
Scammers are using phishing emails to try and trick tax professionals into “signing” a new e-Services user agreement.
Tax Reform ‘On Pace’ to Get Done by Year End, Congressman Says
“Even the Senate believes” tax reform will be accomplished by the end of the year, says Rep. Patrick McHenry.
FINRA Warns Investors About Fake Financial Designations
The alphabet soup of designations can be used to perpetrate fraud, FINRA warns.