SEC, FINRA, DOL Enforcement: $2 Million Restored to U.S. Postal Drivers’ 401(k)s
Meanwhile, SEC announces settlements in penny stock shell packaging scheme and agency wins on front running, loses on insider trading in Illinois case.
VP in Conflicts Office at J.P. Morgan Securities Barred for Leaking Inside Info
“Gutman had the keys to the kingdom through his position at J.P. Morgan as a gatekeeper with special access to material, nonpublic information,” FINRA says.
Ken Fisher Warns, Industry Responds: What Happens to RIAs in 10 Years?
Ken Fisher is bullish on 2014’s market and economy but decidedly bearish on the future of RIAs.
SEC, FINRA Enforcement: UBS, Merrill Fined for Disclosure Failures
Meanwhile, FINRA slapped J.P. Turner for unsuitable ETF sales, and the SEC charged a Miami trader with shorting a Chinese company ahead of its offering.
Ken Fisher’s Backhanded Call to Arms
Ken Fisher's provocative statements about RIAs' demise in 10 years should be a wake-up call to all RIAs to make their voices heard in Washington.
Why Ken Fisher Is Wrong About Future of RIAs
Independent RIAs offer the one thing that Wall Street can’t: independence to represent their clients — and only their clients.
SEC, FINRA Enforcement: Firm Owner Loots Scholarship Funds, Widow’s Account
FINRA expels firm and its owner for misusing a widow's money and a scholarship fund; SEC charges more inside traders in Heinz case.
CCOs Under Fire: When Enforcers Get Burned by Regulators
While chief compliance officers are on the frontlines of catching wrongdoing, they can also become targets of regulators for their own misdeeds.
SEC, FINRA Enforcement: Money Manager Charged in Free-Riding Scheme
Among recent SEC actions were charges against a self-styled money manager for free-riding and fraud, while FINRA took on failures in WSPs and OATS compliance.
New Hire Roundup: Christian Brothers Appoints Four
This week in new hires, Christian Brothers Investment Services announced four key appointments, and American Century welcomed Joseph Schultz.