Advisors’ Use of Digital Technology Needs Overhaul: Global Wealth Report
Digital initiatives have largely centered on providing customers with basic portfolio functionalities, but more is needed.
Trump Said Likely to Name Hester Peirce as SEC Commissioner
Peirce, a former SEC counsel and Senate aide, is the Trump administration’s likely choice to fill the open Republican seat at the SEC.
Senate Finance’s Hatch Seeks Public Input on Tax Reform
Senate Finance Committee Chair Orrin Hatch is seeking public input on how Congress should improve the tax code.
Sen. Warren Asks Fed to Oust Wells Fargo Board Members
Senator says board ‘did nothing to stop rampant misconduct;’ Fed says it received Warren’s letter and will respond.
W. P. Carey to Exit Nontraded REIT Business
Trends suggest that regulatory issues (like DOL) played a part, along with some fallout from the RCAP-Schorsch debacle.
For SEC Fiduciary Rule, Regulate Titles First: CFA Institute Comments
Comments are trickling into the SEC, with CFA Institute saying that the issue of titles needs to be addressed so rules can be clarified.
How Orion Advisor Services Is Helping Advisors Manage Credit Risk
A new partnership with Moody’s Analytics provides Orion's clients access to timely changes in credit ratings.
BDs Step Up Fight Against Elder Financial Fraud
Broker-dealers reported nearly 2,300 cases of fraud or exploitation to authorities in 2015, NASAA study finds.
Las Vegas Firm Busted in Phony LGBT Resort Scam: Enforcement
In other enforcement news, Nationwide, Pershing and FSC Securities all receive FINRA fines.
Capital Group, American Funds Sponsor, Sued for Using Own Funds in 401(k) Plan
Capital Group employees say they were left with few options other than American Funds for their retirement investments.