Supreme Court Clears Up Rules for Insider-Trading Prosecutions
Unanimous court upheld appeals court decision, saying it does not matter whether tipper benefits or not.
FINRA Says UBS Must Pay $18.6M to Puerto Rican Couple Over Closed-End Funds
The claimants’ attorney says there’s more than a thousand pending claims regarding Puerto Rico closed-end mutual funds sold by UBS.
Betterment CEO to Trump: DOL Fiduciary Rule ‘Worth Your Time’
Independent robo-advisory takes out full-page ads in NYT, WSJ asking president-elect, readers to get behind the rule.
SEC’s Piwowar Likely to Be Acting Chair, Could Be New Chair: Ex-SEC Official Aguilar
At MarketCounsel conference, Aguilar says Piwowar would not embrace the SEC moving ahead on a fiduciary rule.
Casady Leaving LPL at ‘Challenging Time,’ Recruiters Say
The independent broker-dealer says President Dan Arnold will take over from Mark Casady next month.
Fee Compression, Compliance Are Top Concerns for Advisors: SEI Survey
Only 11% of the advisors surveyed are ready for the implementation of the DOL fiduciary rule in 2017.
Jefferson National Study Profiles Investors and Financial Advisors
Shared characteristics and preferences can lead to alignment of interests.
Obama’s Cybersecurity Commission Issues Final Report
The nonpartisan commission identifies six imperatives for current, and new, administrations to take action on.
Fed’s Dudley Says Financial Regulation Job Remains Unfinished
Regulators still have not eliminated the threat posed by institutions considered “too big to fail,” Dudley says.
CANNEX Brings Greater Transparency to Annuity Market: Top Portfolio Products
In other product news, Invesco and iShares expand their ETF lineups.