JPMorgan Chase's Cutler Named FINRA Large Firm Board Governor
Cambridge's Amy Webber was appointed as the independent dealer/insurance affiliate governor.
Advisor Lied to Pro Athlete About ‘VIP’ Fees: SEC
The advisor told the athlete and his wife that they were paying a special rate but charged them $1.2 million more than represented, SEC says.
Thrivent Fights DOL Fiduciary Rule’s Anti-Arb Clause
The DOL's statement that it won't enforce the anti-arbitration rules under BICE doesn't address Thrivent's concerns, the insurer's lawyer says.
Will CFP Board Make History?
The standards move financial planners towards professionalism on a number of fronts, but more steps need to be taken in three areas.
CFPs Lack Clarity on Board’s New Standards, FPA Says
The Board’s proposed changes "do introduce numerous new questions and concerns," says CFP Michael Kitces.
Senior Financial Fraud Is on the Rise: NASAA
Three in 10 state securities regulators have seen an increase in cases or complaints involving senior financial fraud or exploitation.
Are You Ready for T+2?
The shorter settlement period for trades — two days instead of three — has implications for financial advisors.
Bill With Fiduciary Rule Ban, ACA Defunding 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.