DOL Rule: Is That All There Is?
The redefinition of the term “fiduciary” by the DOL was treated by some in the industry as tantamount to the second coming of Christ.
Apple, Google and Other Tech Giants Say Regulations Block Fintech Innovation
Regulations on fintech are a "significant market barrier" for would-be disruptors, according to a consortium comprising Amazon, Apple, Google, Intuit and PayPal.
Securities America to Buy Foothill Securities' Advisor Business
In the deal, Securities America will add up to 210 advisors with some $5 billion in assets.
How Key Energy Got the SEC to Go Easy on Bribery Charges
The SEC accused its Mexican subsidiary of violating provisions of the Foreign Corrupt Practices Act but only made the company disgorge $5 million in profits.
Enforcement: Goldman Trader Barred for Misleading Customers
In another action, Ameriprise was censured and fined by FINRA for failing to supervise its registered reps’ sales of closed-end funds.
Back-to-School Tax Scams on the Rise: IRS
IRS is warning of telephone scammers targeting students and parents demanding payments for non-existent taxes, such as the “Federal Student Tax.”
Morgan Stanley Reaches $4.7M Settlement With State of Mississippi
Investors at its Ridgeland branch, where client risk tolerance data was entered incorrectly, will get $4.2 million.
DOL Fiduciary Rule Hits BDs’ IT Budgets, Product Lines
“Broker-dealers have to make a lot of very difficult, and in some cases expensive, decisions,” ERISA lawyer Fred Reish says.
Senators to Push Bill to Force Trump to Release Tax Returns
The Presidential Tax Transparency Act would require presidential candidates to release their tax returns within 15 days of being nominated.
Latest 403(b) Suit Targets Columbia University
"Until employers recognize their duties and fulfill their duties, these cases will keep coming," says lawyer Charles Field of Sanford Heisler.