New Hire Roundup: BrightScope Names Riggio Its First Chief Revenue Officer
Also, Pacific Life announced changes in its sales organization, and Edmond Markel joined Hennion & Walsh.
SEC, FINRA, CFPB Enforcement: BofA Busted for Illegal Credit Card Practices
In other actions, Hewlett-Packard will have to pay $108 million to settle SEC and DOJ charges of FCPA violations.
New Hire Roundup: Charlson to Head Morningstar Alternative Funds Research
Meanwhile, the American Benefits Council names new board members and officers, and CFPB adds experts to senior posts.
House Passes Bill to Rein In CFPB
The bill replaces the director with a bipartisan board and cuts bureau workers’ pay; Senate support for the measure is unclear.
Hefty Penalties Hardly Make JPMorgan Flinch
The past year was a tough one for JPMorgan Chase: The bank had to fork over close to $20 billion in penalties that were levied by various regulators.
The Battles That Shaped Dodd-Frank
Chris Dodd and Barney Frank shared anecdotes about what really keeps Wall Street awake at night and who has more political clout than big banks.
Are You a Five-Star Advisor?
Advisor-client matchmaker Paladin found one advisor with 28 letters after his name, but gave the advisor only two stars out of five.
Reporting Elder Scams Doesn’t Break Privacy Law
Seven federal agencies issued guidance Tuesday clarifying that the privacy provisions of the Gramm-Leach-Bliley Act generally permit reporting of suspected elder financial abuse.
JPMorgan Hit With $80M Fine Over Illegal Credit Card Practices
Together with the $920 million JPMorgan Chase agreed to pay over the London Whale case, Thursday was an expensive day for the megabank.
New Hire Roundup: CFPB Names Antonakes Deputy Director
Justin Frys became a branch manager for Zeigler in Minnesota, and Chad Parks joined Beacon Research as sales director.