Financial Industry Groups Slam New York’s Proposed Cybersecurity Rules
Banking and insurance groups criticize the plan's “inflexible, one-size-fits-all requirements” and call the Jan. 1 effective date “unworkable.”
A Trump Repeal of the DOL Fiduciary Rule? Not So Fast
Advisors and broker-dealers on a Nasdaq-sponsored panel recommend that advisors not count on a repeal of the rule anytime soon.
FINRA Hits Merrill With $7M Penalty on Customer Accounts
FINRA fined Merrill for inadequately supervising its customers’ use of leverage in certain brokerage accounts.
Senator Tells DOL to Stop Implementing Fiduciary Rule as It Will Be 'Undone'
Meanwhile, a new report says advisors plan to abandon "mass-market" clients because of the DOL rule.
Annuities Group, Fearing ‘Chaos,’ Urges Court to Freeze Fiduciary Rule
NAFA tells the court about "extraordinary challenges to comply with this flawed rule."
Wells Fargo’s Sloan Played Role in Pre-Scandal Exit of Retail Bank Chief
Wells Fargo letter describes private talks that prompted departure of Tolstedt; new CEO’s influence outlined in reply to California lawmakers.
Mnuchin Said to Be Trump’s Treasury Pick
Little known about ex-Goldman Sachs executive’s currency views; billionaire investor Wilbur Ross said to be Commerce choice.
In DOL/Post-DOL Fiduciary World, RIAs Need to Re-Differentiate
How RIAs should respond to what's likely to be a new wave of deregulation.
Financial Advisors Voted Overwhelmingly for Trump: FSI Poll
Financial advisors favored Trump over Clinton by a ratio of more than 3 to 1, according to a post-elction poll from FSI.
Kevin Knull’s 6 Parts of a DOL-Friendly Financial Plan
Kevin Knull, president of PIEtech, creators of MoneyGuidePro, tells ThinkAdvisor what advisors must know about their clients in order to work in their best interest.