SEC, FINRA Enforcement: Philly Firm to Pay $21M for CDO Fraud
Meanwhile, FINRA fined a Georgia firm for failing to notice that one of its brokers was receiving wire transfers from a dead client.
SEC, FINRA Enforcement: 2 Busted for Selling Fake ‘Charitable Gift’ Annuities
Meanwhile, the SEC busted a $114 million Ponzi scheme involving driver safety technology.
Court Rules There’s No 180-Day Limit on SEC Investigations
An appellate court has agreed with the SEC’s self-serving interpretation that Dodd-Frank's 180-day Wells notice limit was not an enforceable limit at all.
Supreme Court’s Obamacare Ruling Leaves GOP Few Options
Even if the Republican-led House and Senate were able to pass legislation repealing the health care law, Obama would veto it.
6 Results if Supreme Court Kills Obamacare Subsidies
The Supreme Court is expected to make a ruling on the King v. Burwell case any day now.
Save the Pensions: No Sudden Moves, Please
Private employers can tell workers that the pension fund is closed and you won't accrue further benefits. Should governments be able to do this, too?
SEC, FINRA Enforcement: BHP Billiton to Pay $25M Over Olympics Invites
Meanwhile, FINRA has censured and fined EDI Financial Inc. for failing to have supervisory procedures in place for sales of private placements.
Under the Hood: Planning Opportunities on a Client's 1040, Pt. 1: Income
Viewing clients’ tax returns and suggesting appropriate changes provides value to clients while showcasing your value. Begin with the income lines on their 1040s.
Enforcement: Deutsche Bank to Pay $2.4B Over LIBOR Manipulation
Meanwhile, RBC will pay $1.4 million to FINRA for failing to follow its own guidelines, resulting in unsuitable sales.
Breakaway Broker Blasts Schwab Over Nightmare Breakup
Richard Rosso on how he went from being one of Schwab’s top financial consultants to losing a kidney from the stress of an arbitration battle.