HSBC Bankers Are First Individuals Charged in Currency Case
Executive Mark Johnson was arrested at Kennedy Airport Tuesday in New York.
DOL Overstepped Its Authority With Fiduciary Rule, US Chamber Tells Judge
In motion for summary judgment, the U.S. Chamber of Commerce says DOL has no authority to regulate IRAs; an investor attorneys' group begs to differ.
Lending to Poor People Didn't Cause the Financial Crisis
Two Trump advisors lay the blame for the credit crisis and Great Recession on the Community Reinvestment Act of 1977. The reality is different.
Prudential Annuities Failed to Stop $1.3M Theft From Elderly Client
Prudential failed to adequately respond to red flags that "allowed an unscrupulous actor to prey on an elderly customer," said FINRA enforcement chief Bennett.
SEC Talks Crowdfunding, Grapples With Accredited Investor Rules
More than 60 offerings have been held since the crowdfunding rule took effect in May, said SEC chief Mary Jo White.
Don’t Waste the ‘Summer of DOL’ as Fiduciary Compliance Clock Ticks
From analyzing your client base to tech updates, there's a lot to get done before April, John Gebaur of NRS says.
SEC Proposes Making Brokers Reveal Where Client Orders Go
Regulator seeks comment on ramped-up broker disclosure rules; institutions would get more information on how orders filled.
DOL Fiduciary Guidance Coming Soon
At an IMCA conference, DOL's Timothy Hauser answered some advisors' questions about the rule and said more guidance was coming "fairly shortly."
Vanguard’s Brennan Elected New FINRA Board Chairman
Jack Brennan and new FINRA CEO Robert Cook will replace Richard Ketchum on Aug. 15
Enforcement: Citigroup Fined $7M Over Incomplete Blue Sheets
In another action, Goldman Sachs was censured by FINRA and fined in two separate cases.