Saving Exploited Elders
Every day at least 1,000 elderly Americans are financially exploited or abused.
SEC Plans to Hand Out Whopping $30 Million Whistleblower Award
The SEC expects to award a whistleblower more than $30 million for providing key original information that led to a successful enforcement action.
Treasury’s Crime Unit Floats New Customer ID Rules for BDs, Mutual Funds
Meanwhile, FinCEN continues to work with the SEC on anti-money laundering rules for advisors.
Free Financial Advice? What Could Be Better for Consumers?
Excising the requirement that professionals act in clients’ best interests would make society much more efficient, and save the Treasury billions!
The FBI Ran an Ultimate Fighting Pump-and-Dump Scam
Bloomberg View blogger Matt Levine on how the FBI took over a shell company and busted five stock promoters.
Retirees Suffer as 401(k) Rollover Boom Enriches Brokers
A three-month Bloomberg investigation found that former employees at major companies say sales reps lured them into rolling their 401(k)s into unsuitable investments.
High-Speed Trading Rules Coming From SEC, White Says
The SEC chief unveiled the regulator’s most sweeping plan yet for reining in high-frequency trading and monitoring secretive trading practices.
FINRA Bars Ex-Wells Fargo Rep
Michael Frew may have set up a Ponzi scheme involving 30 investors and a man named “Guido.”
Top Cybersecurity Threats for BDs
Some of the biggest risks may come from inside your firm, Daniel Sibears of FINRA said.
Top Cybersecurity Threats for BDs, Advisors
At SEC’s cybersecurity roundtable, officials discussed the biggest risks to BDs and advisors and urged the SEC not to prescribe “rigid” rules.