UBS to Plead Guilty on Libor, Settle Currency Probe With Fed
UBS Group AG will pay $545 million to settle U.S. investigations into its role in manipulating currency and interest rates, removing two of the bank’s biggest legal hurdles.
Clients Deserve a Clear Choice Between Sales and Advice
There's nothing wrong with commissions as long as the “clients” understand that they are getting “sold” rather than “advised.”
Former BofA Exec Sentenced Over Muni Bond Fraud
The 26-month prison sentence is tied to an eight-year scheme that involved 18 people and one corporation, the DOJ says.
Supreme Court: Employers Must Review 401(k) Investments
The court has ruled in favor of participants in Edison International’s 401(k) plan who claimed company fiduciaries violated their duty to monitor three retail-class funds.
Dale Brown: Architect of FSI—The 2015 IA 35 for 35
In a short 11 years, the Dale Brown-led FSI has grown in membership and budget while staying focused on IBD advocacy.
Washington Governor OKs Small Business Retirement Marketplace
Law uses Obama's MyRA plan to provide small business employees with access to retirement plans.
SEC’s Gallagher, Aguilar to Depart as Agency Crafts Fiduciary ‘Term Sheet’
Two commissioners are planning to exit as the agency drafts a term sheet on what a fiduciary rule should look like.
Exemptions Provide Key to Unlocking DOL Fiduciary Rules
Understanding the exemptions to the proposed DOL fiduciary rules can be as important to the advisor’s practice as the rules themselves.
DOL Extends Fiduciary Comment Period by 15 Days
With the 15-day extension, “the initial comment period will be 90 days and the department anticipates the opportunity for public comments may be more than 140 days in total,” DOL says.
SEC, FINRA Enforcement: Father, Son Used Golf Emails to Hide Insider Trading
Meanwhile, the SEC charged for-profit education company ITT Educational Services with fraud.