SEC Charges Pastor With Fleecing His Flock
Larry Holley allegedly told prospective investors that as a person who “prayed for your children,” he was more trustworthy than a “banker” with their money.
Wells Fargo Brand Still Tainted, Hurting Reps & Recruiting
Tuesday's $110 million settlement over fake accounts doesn't mean the fallout for its advisors is going away anytime soon, says a top recruiter.
DOL Sends Final Fiduciary Rule Delay Request to OMB
"We think DOL will move forward with the [delay] announcement as soon as possible after OMB clearance," says Groom attorney Saxon.
The Fiduciary Standard: What Would Peter Drucker Say?
In the end, fiduciary best practices for all advisors are about leadership. Are you a leader?
Rise of the Robo-Advisor Machines: Are They Really Advisors?
Computers can be cheaper, faster and more convenient, but that’s not always better. And I think most people know this.
Wells Fargo Faulted for Discriminatory, Illegal Lending Practices
The bank’s Community Reinvestment Act rating is slashed two levels, triggers restrictions that may hamper company’s growth.
Wells Fargo Reaches $110M Settlement for Fake Accounts
Agreement may cover more than 2 million unauthorized accounts; judge must still approve nationwide resolution of claims.
IRS Issues Excise Tax Relief Related to DOL Fiduciary Rule
The guidance syncs IRS’ enforcement of excise tax rules on prohibited transactions with DOL's temporary enforcement policy.
Investors Will Pay for Fiduciary Rule Delay
Many firms have already made changes; stalling out now will only reward the firms that profit the most off baiting investors into bad bets.
3 Tips for Effective Crisis Management
Unless a crisis is handled efficiently, effectively and with due deliberation, a disruption can significantly impact business, affect revenue and damage reputations.