CFP Board’s Proposed Fiduciary Standard: Too Weak, Too Strong or Just Right?
Two CFPs and Knut Rostad discuss the proposed revisions to CFP Board's Standards of Conduct.
Plaintiffs Win Decade-Long Tibble v. Edison Case Over 401(k) Fund Fees
With Wednesday's ruling, "the employees and retirees move one step closer to a final judgment and damages awarded," says plaintiffs' attorney Schlichter.
Sen. Warren Urges Yellen to Remove Wells Fargo Board
"New evidence" shows more infractions against Wells Fargo customers, Warren said.
Minimal Cost to Enacting FSOC Insurance Member Bill: CBO
Implementing H.R. 3110 would cost less than $500,000, the budget office says.
SEC Issues More Guidance on Form ADV Changes
IM Division provides guidance on new filing requirement for firms that file an “other-than-annual amendment.”
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%.