Reps Fired by Wells Fargo Asked to Call FINRA
FINRA is investigating whether the U5 forms of several hundred employees "contained inaccurate or incomplete comments related to the reason for the termination."
U.S. Limits on Wall Street Bonuses Appear Doomed Ahead of Trump
Obscure regulator of credit unions said to be hurdle for rules; new restrictions clash with Trump pledge to rip up Dodd-Frank.
Ex-Rep Says He Stole $1.6M From Clients
The former advisor has pleaded guilty to stealing from a family that owned three trusts that he managed.
Can an Algorithm Assess Investors’ Complex Financial Needs?
“The future of financial advice is bionic,” CEO David Siegel of Investopedia said.
FINRA Fines Morgan Stanley $1.5M Over Broken Links: Enforcement
In SEC enforcement news, an IT specialist settles charges of insider trading and a whistleblower is awarded $3.5 million.
State Warns BDs: Watch ‘Bad Actors’ or We’ll Do It For You
A sweep of more than 240 broker-dealers in Massachusetts yields some revealing information on misconduct and supervision.
DOL Fiduciary Rule Harming Investors Via 'Orphaned' 401(k)s: ICI's Blass
Under the Trump administration, SEC is likely to place a “heavy emphasis on capital formation,” said the policy director of Americans for Financial Reform.
Enforcement Director Ceresney to Leave SEC
During Andrew Ceresney’s nearly four years as enforcement director, the SEC filed more than 2,850 enforcement actions.
The SEC on ADV Disclosure, Aaron Rodgers and the Robare Decision
The multiple, troubling parallels between a TV commercial starring the Packers’ quarterback and the SEC’s overkill on the Robare conflict-of-interest case.
Is Your Broker-Dealer in a Death Spiral? 4 Steps to Discovery
A BD’s management will rarely share problems at the firm until it’s too late. Here’s how reps can overcome that challenge, according to Jon Henschen.