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.
Advisor’s ‘Mafia the Movie’ Scam Not a Hit With SEC: Enforcement
Meanwhile, FINRA barred three brokers, one for excessive trading and two for failure to supervise.
Wells Fargo Chair Likely to Step Down: Report
Vice Chair Elizabeth Duke will probably be the replacement, paper reports; the decision follows new revelations about auto loan business.
Vanguard, TD Ameritrade Cheer DOL’s Move to Delay Rule
The CFP Board, however, says the delay is unnecessary.
DOL Fiduciary Delay Would Be ‘Double-Edged Sword,’ Lawyer Says
“We will be in limbo for another two years, at least,” says Steve Saxon of Groom Law Group.
Dalbar Puts a Sellers’ Exemption to Fiduciary Rule on DOL’s Desk
In a comment letter, Dalbar proposes something many fiduciary proponents say the SEC should have been doing all along.
DOL Seeks 18-Month Delay for Fiduciary Compliance
The Labor Department has requested a delay for the best-interest contract exemption and two other PTEs.
SEC Busts Advisor in AUM Inflation Scheme
The advisor falsely claimed SEC registration eligibility and solicited clients using false paperwork, the regulator says.