BofA Wealth Profits Jump 10%: Q3 Earnings
The unit is set to have a new leader in 2017, when it will no longer offer commission-based retirement accounts.
SEC Launches New FINRA Inspection Team
FINRA and Securities Industry Oversight group, headed by Kevin Goodman, chief of the agency’s BD exam program, “is now up and running,” says SEC.
DOL Fiduciary: Outsourcing Offers Small Firms a Lifeboat
The primary focus for smaller plan sponsors looking to comply with the DOL fiduciary rule will likely be on mitigating risks through outsourcing.
Who Wants to Buy LPL? So Far, One Ex-Broker
In a challenging week for the IBD, Joseph Nodarse of Hudson, Riley says he is exploring a bid, but there’s skepticism over his plan.
House, Senate Races Loom Large for Next President’s Success
“A single party government can work pretty quickly,” said economist Vince Reinhart.
Wells Fargo, Amid Turmoil, Beats Estimates: Q3 Earnings
After naming a new CEO this week in response to a scandal, Wells Fargo said its net income fell in the third quarter.
Sen. Warren Urges Obama to Fire SEC Chief Mary Jo White
Warren says White is not addressing “pressing matters of compelling interest to investors and the public.”
As SEC’s Money Market Rules Begin, Advisors Warned of Complexities
Investors should consider impact of new rules, “including the deteriorating purchasing power protection of money funds,” says PIMCO’s Schneider.
Enforcement: Firm Fined in ‘Fantasy Sports for Stocks’ Cellphone Game
In another action, Artis Capital Management and a senior research analyst settled SEC charges for failing to detect insider trading by an employee.
Court Ruling Likely to Increase CFPB Accountability
Experts sorting through what the future looks like for the CFPB.