House Votes to Block State-Run Retirement Plans
Two resolutions passed to roll back what GOP lawmakers say are "misguided" Obama-era rules.
LPL Fined $900K Over Failure to Send 1.6M Notices to Clients
The information should have been sent to investors whose accounts were tied to suitability notices over a seven-year period.
Puzder Withdraws From Labor Secretary Nomination
Mounting opposition and Puzder being "very tired of the abuse," according to a source, led to him bowing out.
Texas Securities Firm Expelled, Fined $24.6M Over Fraudulent Energy Deals
'Wildcat’ and other investments reaped Red River and its CEO some $3.6 million, but investors lost most of their money.
ABLE Alliance Launches Investment Accounts for Disabled, Blind
The new ABLE Investment accounts are “savings vehicles for disability-related expenses that will not jeopardize federal benefits,” said Michael Frerichs, Illinois state treasurer.
Four Republicans Withhold Support for Puzder to Head Labor
The four senators said they are awaiting the outcome of the nomination hearings before committing.
Morgan Stanley to Pay $8M Over Inverse ETFs
SEC says the wirehouse failed to get signed disclosure statements from several hundred clients who bought the "typically unsuitable" products.
Sen. Warren Grills Puzder in Letter on DOL Fiduciary Ahead of Hearing
Sen. Elizabeth Warren challenged the Labor secretary nominee to provide answers on how he'd handle the fiduciary rule review.
New Digs for Morgan Stanley?
The wirehouse is reportedly looking to move its Times Square headquarters to 50 Hudson Yards, on the west side of Manhattan.
FINRA Mulls Allowing Performance Projections for Investing Strategies
An amendment now out for comment would let firms illustrate the projected performance of a strategy or allocation but not an individual security.