Senate Moves to Block Retirement Plans Run by States, Cities
The action follows resolutions passed in the House to roll back what GOP lawmakers say are "misguided" Obama-era rules.
FINRA to Protect Senior Investors With 2 New Rules
FINRA says temporary holds and extra contact information are critical to preventing financial abuse.
SEC Charges Pastor With Fleecing His Flock
Larry Holley allegedly told prospective investors that as a person who “prayed for your children,” he was more trustworthy than a “banker” with their money.
HighTower Adds LPL Group in St. Louis
Meanwhile, a UBS team forms an RIA in Louisville and signs on with Raymond James' Investment Advisors Division.
Ric Edelman: Free Trading Will Crush Commissioned Brokers
Edelman talks to ThinkAdvisor about investing in "exponential" technologies and why commission-based brokers are doomed, regardless of the fate of the DOL fiduciary rule.
Wells Fargo Brand Still Tainted, Hurting Reps & Recruiting
Tuesday's $110 million settlement over fake accounts doesn't mean the fallout for its advisors is going away anytime soon, says a top recruiter.
DOL Sends Final Fiduciary Rule Delay Request to OMB
"We think DOL will move forward with the [delay] announcement as soon as possible after OMB clearance," says Groom attorney Saxon.
Wells Fargo Faulted for Discriminatory, Illegal Lending Practices
The bank’s Community Reinvestment Act rating is slashed two levels, triggers restrictions that may hamper company’s growth.
Wells Fargo Reaches $110M Settlement for Fake Accounts
Agreement may cover more than 2 million unauthorized accounts; judge must still approve nationwide resolution of claims.
United Capital’s FinLife Partners Reaches $3B in Less Than a Year
The wealth management operating system is an answer to consumers' desire to have digitized financial services.