FINRA Fines BD Over ‘Death Puts’
The ruling comes one month after an SEC judge dismissed similar claims involving one of C.L. King’s hedge fund clients.
Equifax Hack Teaches Hard Lessons for Firms
The credit bureau’s leakage and widely reported missteps in its assessment tool could proffer a cautionary tale for other organizations.
Equifax Breach Causes Uproar in Financial Services Community
Rep. Hensarling and Attorney General Schneiderman want answers on the breach, which affected up to 143 million accounts.
FINRA Mulls Releasing ‘Bulk’ BrokerCheck Data
Bulk data on broker-dealers would give view into BDs that employ brokers with a history of FINRA violations, Cook said.
Rep. Wagner to Introduce Bill Repealing DOL Fiduciary Rule by Sept. 30
The move comes as SEC Chairman Clayton is set to testify before the House Financial Services Committee in early October.
State Street to Pay $35M Over Secret Markups, Disclosure Failures: Enforcement
In another action, the SEC charged an investment advisor with stealing more than $1 million to go gambling and pay other expenses.
RiXtrema Launches New Fiduciary Compliance Tool
RiXtrema has made updates to help advisors and broker-dealers monitor retirement plans for compliance with the Supreme Court’s Tibble v. Edison decision.
State Bank Regulators Announce Plan to Update Tech Platform
Redesigned platform will streamline licensing and supervision for financial institutions.
Legal Arrangements Other than Marriage
Here's another look at how clients' household arrangements can affect planning strategies.
Full Disclosure: Dalbar’s Plan to Separate Sales from Advice
Led by Lou Harvey, the firm proposes some surprising and significant industry reforms that are worth considering.