Deutsche Bank to Pay $7.2B for Misleading Investors
Mortgage probe by Justice Department was among the bank’s biggest litigation risks.
Wells Fargo Advisors Wins $23M in Baird Raiding Case
"Raiding is brought up when firms feel they are being specifically targeted by competitors," recruiter Jon Henschen says.
Top 10 Investing, Business Ideas for Advisors in 2017: Mercer
Among Mercer’s suggestions are to prepare for regulatory changes and align revenue compensation models.
Mary Jo White Fears Demise of SEC’s Independence
The departing SEC chair worries that "partisan tides" are making it harder for the agency to independently pursue its mission.
Morgan Stanley Q4 Profits Double, but Wealth Group Misses Target
CEO James Gorman says the firm's wealth management operations will produce better results this year.
DOL Quickly Releases Another Batch of Fiduciary FAQs
The new guidance for advisors includes some “pleasant surprises” and one “disappointment,” lawyer Fred Reish says.
Republicans Will Find Corporate Tax Reform Isn't That Easy
Tax reform is a relatively easy concept. As the current House bill shows, the difficulty is in the details
SEC Fines Morgan Stanley $13M for Overcharging Clients
About 149,000 clients paid excess fees between 2012 and 2016, the regulator says.
DOL Releases Fiduciary Rule FAQ for Investors, Workers
EBSA’s Phyllis Borzi says the second batch of FAQs are “meant especially for workers and retirement investors.”
Trump Appoints CFPB Critic; Sen. Warren Rallies Support for Agency
Kyle Hauptman, an ardent critic of the CFPB, will be a part of Trump’s transition team for the agency.