Wells Fargo Probed for Criminal Identity Theft in California
Attorney general serves search warrant on lender; the bank says it’s cooperating, providing requested information.
Morgan Stanley’s Gorman on DOL: Choice for Clients ‘Is Critical’
Executives also say that the impact of this strategy has been included into margin targets for wealth management of 23-25%.
Under Court Ruling, CFPB Must Justify Costs of Rules: Hensarling
House Financial Services Committee Chairman Hensarling wants “written assurance” that CFPB will abide by executive orders.
FINRA Close to Filing Fraud Rule for ‘Vulnerable’ Investors
FINRA senior helpline has received 6,700 calls to date. Top call queries: education, variable annuities, BrokerCheck.
Tiny Social Security COLA to Pinch Seniors as Medicare Costs Surge
Payments could rise just $5 a month in ’17 versus the $150 seniors have lost with low inflation, says one group.
BofA Wealth Profits Jump 10%: Q3 Earnings
The unit is set to have a new leader in 2017, when it will no longer offer commission-based retirement accounts.
SEC Launches New FINRA Inspection Team
FINRA and Securities Industry Oversight group, headed by Kevin Goodman, chief of the agency’s BD exam program, “is now up and running,” says SEC.
DOL Fiduciary: Outsourcing Offers Small Firms a Lifeboat
The primary focus for smaller plan sponsors looking to comply with the DOL fiduciary rule will likely be on mitigating risks through outsourcing.
Who Wants to Buy LPL? So Far, One Ex-Broker
In a challenging week for the IBD, Joseph Nodarse of Hudson, Riley says he is exploring a bid, but there’s skepticism over his plan.
House, Senate Races Loom Large for Next President’s Success
“A single party government can work pretty quickly,” said economist Vince Reinhart.