What’s Best for Clients Is All We Need to Know
Some want to confuse the fiduciary debate, but in the end—and the beginning—it's all about acting in the best interests of clients.
SEC Private Fund Unit Focused on Conflicts, Real Estate Managers
"We’ve taken an investor protection view of regulating private equity," said SEC's Rozenblit.
FINRA Doubles Length of Suitability Suspensions, Toughens Fraud Sanctions
FINRA says it will be tougher on those committing fraud or making unsuitable recommendations and will increase suspensions for breaking suitability rules.
Sen. Hatch: SAFE Retirement Act Will Be Reintroduced
Senate Finance Chairman Orrin Hatch, R-Utah, plans to resubmit legislation to stop DOL from writing fiduciary rules for IRAs.
Nobody’s Worried About ‘Too Big to Jail’ Anymore
A criminal guilty plea no longer comes with the expectation that it will destroy a bank.
FINRA Arb Panel Grants $500K to Ex-Morgan Stanley Rep
The advisor, now with FiNet, said the firm had pushed him out and tainted his reputation.
Citigroup Says U.S. Declines to Prosecute on Libor Rigging
The Justice Department advised the bank that it made the decision “based on the facts and circumstances."
SEC Charges Radio Hosts With Misleading Life Settlement Investors
The Texas-based hosts falsely told investors that interests in life settlements they sold were guaranteed, safe as CDs and federally insured, the SEC says.
SEC, FINRA Issue Robo-Advisor Warning
The regulators tell investors to consider automated tools’ limitations before using them.
LPL Names Wright to New CTO Slot
The new IBD executive reports to Chief Information Officer Victor Fetter.