U.S. Limits on Wall Street Bonuses Appear Doomed Ahead of Trump
Obscure regulator of credit unions said to be hurdle for rules; new restrictions clash with Trump pledge to rip up Dodd-Frank.
FINRA Reviews Cross-Selling by 207 Ex-Advisors at Wells Fargo
As senators press for action, the regulatory group says it is checking documents tied to firing or discharge of bank employees.
Wells Fargo Facing SEC Probe That Could Focus on Disclosures
Company reveals agency’s investigation in quarterly filing; regulators seek information tied to account scandal, bank says.
Why Wall Street’s Top Cop Criticized by Warren Could Stay Awhile
White has said that both the Hillary Clinton and Donald Trump campaigns have asked if she would consider staying on.
UBS Settles With SEC Over Sales of ‘Complex Products’
SEC says the wirehouse must repay 8,700 investors over $8 million and pay a fine for not reasonably training its advisors.
BofA Fined by SEC for Lapses That Caused Mini-Flash Crashes
$12.5 million fine is largest ever for market abuse violations; weak trading controls led to stock drops of 99 percent.
On NAIFA’s plate: tax reform, SEC rule, state retirement plans
If Republicans take control of the White House and both houses of Congress in November, it will be “a lot easier” to advance tax reform, says NAIFA's Judi Carsrud.
Ex-CFO at Schorsch-Related REIT Arrested
The SEC and U.S. Attorney took action against Brian Block while pressing charges against Lisa McAlister, who has pleaded guilty.
Goldman Sachs Bans Partners From Giving to Certain Candidates
The restrictions affect donations to Trump-Pence GOP ticket; Wall Street firm says it is seeking to avoid reputational risk.
SEC Bars 2 Advisors Who Said They Managed Money ‘God’s Way’
The advisors promised investors "indestructible wealth" while misusing their money, the SEC said.