OCC Releases New Licensing Regulations for Fintech Bank Charters
Financial technology companies are now one step closer to having the means to apply for special purpose national bank charters.
Tech Exec Gets 9 Years in Prison Over Fraudulent Stock Offering: Enforcement
In other enforcement news, an auditor was charged with insider trading on a client’s nonpublic information.
For Fiduciary Rule, Morningstar Sees Up to $150M in Annual Class Action Settlements
Labor’s estimate of compliance costs for individual large financial firms is low, Morningstar says.
Commission Clients Don’t Favor Switch to Fees: J.D. Power
Full-service clients have strong views on their retirement accounts and how they like to pay for them, a J.D. Power poll finds.
How to Comply Now With Labor's Fiduciary Rule(s)
Here are some guidelines on what rules apply to investment recommendations, retirement plans and IRAs until the rule is eventually killed.
More Merrill Departures: Recruiting Roundup
Raymond James adds an employee team, and HighTower grabs a breakaway duo; Triad recruits a group from Commonwealth Financial.
C Corp, S Corp or LLC for Breakaway Brokers? Each Has Tax Implications
Before making any choices, breakaway brokers should consult an experienced tax attorney or accountant familiar with the industry.
Ex-Morgan, Wells Fargo Advisor Who Solicited Pro-Athlete Clients Barred by SEC
The advisor was also an NFL Players Association registered financial advisor.
JPMorgan Abandoning Commissions … Or Not?
The firm told clients they have to move to fee-based or self-directed accounts, unless there is a delay in DOL's fiduciary rule implementation.
Reintroduction of Financial Choice Act Coming in ‘Weeks’: Hensarling
House Financial Services chairman tells Hispanic Chamber that Choice Act will throw Dodd-Frank "on the ash heap of history.”