Wells Fargo, Raymond James Recruit Teams; LPL Adds 13 Reps
Plus, HighTower and NFP add separate retirement plan groups to their operations as partners.
New Hire Roundup: Piccone to Lead SEC Exam Program in Denver
In other personnel moves, WBI promoted Matt Woehnker, and David Brierwood joins the Preqin board.
SEC, FINRA Enforcement: Reps Sold ETFs They Didn’t Understand
In other enforcement news, the SEC charged an energy firm and a stock promoter with defrauding investors about its oil reserves.
SEC: House Insider Probe Involves Dozens of Funds, Firms
The SEC investigation of the House Ways and Means Committee involves some of the biggest advisors and hedge fund firms in the U.S.
Social Security, Retirement Savings Would Benefit From Closing Gender Pay Gap
Closing the gender pay gap would have a direct effect on women’s Social Security benefits and ability to save for retirement, Social Security Works finds.
SEC on a Dodd-Frank ‘Death March’: Gallagher
The SEC has been on a “death march” to finish Dodd-Frank rulemakings unrelated to its core mission, SEC Commissioner Gallagher said Wednesday.
Investors Pile Into Stocks Just as Pros Say Bull Run Is Over
Individual investors are plowing money back into the U.S. stock market just as professional strategists say gains for this year are over.
Yellen’s Economy Echoes Arthur Burns More Than Greenspan
Federal Reserve Chair Janet Yellen faces an economy that is starting to look more like the 1970s than the 1990s.
Worries Peak on Puerto Rico Utilities Debt After New Bankruptcy Law
After debt-restructuring bill’s passage, bondholders watch to see if the commonwealth's electric utility will make Tuesday payment; two fund companies sue to declare law unconstitutional.
SEC Enforcement: Court Stops Muni Bond Offer Seen as Fraudulent
In other actions, former brokers were charged with illegally trading on a tip about a $1.2 billion acquisition by IBM.