Bill With Fiduciary Rule Ban, ACA De-Funding Nears House Floor
One provision in H.R. 3354 would ban use of plan fees to keep the public exchange system going.
SEC Slams Banca IMI Securities With $35M Fine Over ADRs
Brokerage firm "made it possible for such ADRs to be used for inappropriate short selling or inappropriate profiting around dividend record dates," SEC said.
Deficiencies Found at 97% of BD Audit Firms
Deficiencies were observed in audits at 73 of the 75 firms inspected during 2016, PCAOB's annual report says.
6 Big Banks Sued Over Alleged Stock Loan Collusion
Three pension funds called the $1.72 trillion international stock loan market good for the banks that do the lending but "bad for virtually everyone else."
Hedge Fund Fined for Taking Investor Money to Support Other Funds: Enforcement
And FINRA fined Wells Fargo Securities $3.25 million for failing to report all of its reportable conventional options positions.
Fiduciary Rule Delay Comes With Its Own Set of Problems
The uncertainty around compliance with the rule is a burden on retirement plan fiduciaries' resources, an industry group says.
Regulatory Considerations When Bringing On a New Advisor
There are many legal and compliance considerations to keep in mind when adding an advisor to your firm.
CFPB Seeks $183M From Lender Over Corinthian College Loan Scheme
The bureau alleges Aequitas enabled the now defunct for-profit college company to make high-cost private loans to students.
CFP Board’s Proposed Fiduciary Standard: Too Weak, Too Strong or Just Right?
Two CFPs and Knut Rostad discuss the proposed revisions to CFP Board's Standards of Conduct.
Plaintiffs Win Decade-Long Tibble v. Edison Case Over 401(k) Fund Fees
With Wednesday's ruling, "the employees and retirees move one step closer to a final judgment and damages awarded," says plaintiffs' attorney Schlichter.