Digital Client Onboarding: A Key Step Toward Wealth Management Platform Growth
Aite Group describes the increasingly important role of automated client onboarding for financial advisors.
FINRA Names 3 New Board Members
Two new public governors as well as a small firm governor named to FINRA’s board.
‘Rolling’ DOL Fiduciary Guidance Begins in Fall: DOL’s Hauser
“Our main goal in the near-term is to help people get to compliance,” Hauser said, as the April deadline nears.
Sen. Wyden Proposes Capping Contributions to ‘Mega’ IRAs
Proposed legislation would limit contributions to “mega” IRAs and help employers contribute to younger workers’ 401(k)s while they pay off student debt.
Many Advisors Don’t Understand How to Mitigate Cybersecurity Risks
While most financial advisors say cybersecurity is a top priority, many do not feel they are fully prepared to manage and mitigate this risk.
Pressure Intensifies on Wells Fargo’s Stumpf to Claw Back Pay
Lawmakers cite “multiple grounds” for recouping compensation; Senators’ letter calls out former executive Carrie Tolstedt.
Enforcement: SEC Wins Anti-Fraud Case Against Miami; Stock ‘Whiz Kid’ Busted
A “stock trading whiz kid” agrees to pay nearly $1.5 million to settle charges of defrauding newsletter subscribers; more
Registered Advisors Hit by More State Enforcement Actions in 2015: NASAA Survey
NASAA’s just-released enforcement survey notes high percentage of frauds were perpetrated in 2015 through the internet and via CPAs and lawyers.
Betterment Played Favorites With Clients After Brexit Vote: Massachusetts Regulator
The regulator is unhappy with the unequal treatment of Betterment’s retail and institutional clients during the firm’s trading halt following Brexit.
This Loophole Ends the Privacy of Social Security Numbers
A federal appeals court decision has worrying implications for those who oppose a single national identification number.