Wells Fargo Names Elizabeth Duke Chair as Sanger to Exit After Scandal
Calls for changes on the board intensified last month after the bank said 500,000 clients might have unwittingly paid for auto protection.
Brokerage ‘Kickbacks’ From Exchanges Draw Scrutiny
William Galvin of Massachusetts has sent a letter to Fidelity, Schwab, TD Ameritrade, Edward Jones, Morgan Stanley and E-Trade.
C-Suite Survey Reveals Fear of Regulatory Scrutiny: Cipperman
Firm execs also worry about their cybersecurity policies.
FINRA Expels Hallmark Investments, Bars CEO
The BD ran a scheme to sell stock to customers at fraudulently inflated prices, FINRA says.
Ex-Con, Buddies Duped Investors in $15M Oil Drilling Scheme, SEC Says
The phony oil drilling investment scheme promised returns as high as 55%.
What to Do When Clients Lie
"Working With Difficult People" author Raphael Lapin talks to ThinkAdvisor about how advisors can handle dishonesty from clients, co-workers and bosses.
The Case of the Mysterious Best-Interest Standard
I recently received an email from an advisor who is upset about Labor's fiduciary rule and came up with some creative ways to express it.
Democrats Renew Push to Probe Deutsche Bank Russia Scandal
Waters writes letter to GOP chief of House finance committee; lawmakers seek information on mirror trades, loans to Trump.
Sen. Warren Probes 16 Financial CEOs on CFPB Anti-Arbitration Rule
Warren says the execs have "remained silent on the rule" even as industry lobbyists have fought it aggressively.
SEC Alert Details ‘Robust’ Cybersecurity Best Practices
The agency's exams found that firms had stepped up their cyber compliance, but more effort is needed.