Are You Ready for T+2?
The shorter settlement period for trades — two days instead of three — has implications for financial advisors.
6 Big Banks Sued Over Alleged Stock Loan Collusion
Three pension funds called the $1.72 trillion international stock loan market good for the banks that do the lending but "bad for virtually everyone else."
DFA Announces Second Leadership Shakeup This Year
Co-CEO Eduardo Repetto is leaving; current co-CIO Gerard O'Reilly will replaces him in September.
Sen. Warren Urges Yellen to Remove Wells Fargo Board
"New evidence" shows more infractions against Wells Fargo customers, Warren said.
Wells Fargo Names Elizabeth Duke Chair as Sanger to Exit After Scandal
Calls for changes on the board intensified last month after the bank said 500,000 clients might have unwittingly paid for auto protection.
Brokerage ‘Kickbacks’ From Exchanges Draw Scrutiny
William Galvin of Massachusetts has written to Fidelity, Schwab, Morgan Stanley and others asking how they route orders to exchanges.
Saturna Capital Launches Clean Shares for Two Funds: Portfolio Products
Also, Carlson Capital Management adds a low-cost DFA Minnesota muni bond fund to its portfolio lineup.
Democrats Renew Push to Probe Deutsche Bank Russia Scandal
Waters writes letter to GOP chief of House finance committee; lawmakers seek information on mirror trades, loans to Trump.
Wells Fargo Chair Likely to Step Down: Report
Vice Chair Elizabeth Duke will probably be the replacement, paper reports; the decision follows new revelations about auto loan business.
Vanguard, TD Ameritrade Cheer DOL’s Move to Delay Rule
The CFP Board, however, says the delay is unnecessary.