Ex-BofA Wealth Exec Charged in $2.7M Charity, AIDS Scam
Executive and her husband are accused of grabbing bank’s charitable donations and of fraud affecting HIV/AIDS children’s charities.
Senate Banking Chair Supports FINRA360, Hopes for Further Fiduciary Rule Delay
Senate Banking Committee Chairman Mike Crapo wants to see further delay of Labor's fiduciary rule to let SEC "deal with the issue."
FINRA to Issue Exam Trouble Spots Report
FINRA will provide firms with a "new report that will summarize key examination findings from across our programs," said CEO Robert Cook.
Former Vanguard CEO Brennan 'Bullish' on DOL Fiduciary Rule
Jack Brennan, the FINRA chairman, says funds and share classes are evolving to investors' benefit regardless of the fate of the rule.
McConnell Pessimistic That Congress Will Revamp Dodd-Frank
Senate leader says Democrats uninterested in overhauling financial rules; any big changes may fall to regulators, he adds.
FINRA Seeks Comments on Outside Business Activities, Private Securities
FINRA is seeking feedback from member firms on rules governing broker-dealer employees’ business and securities activities carried out away from their firm.
Edward Snowden Talks WannaCry Attack, Blockchain, Financial Regs
The attack is "yet another example of why stockpiling computer vulnerabilities by governments is such a problem," Snowden said.
SEC Charges CEO With Failing to Disclose Perks: Enforcement
The SEC also charged a law firm partner in a $1 million insider trading scheme.
Trump Issues Executive Order on Cybersecurity
President Donald Trump issued an executive order on Thursday calling for enhanced cybersecurity at the national level and more support for a skilled cybersecurity workforce.
In Reversal, Merrill OKs Retirement Account Commissions in 'Limited Situations'
Wealth chief Andy Sieg shares details on the cases in which advisors can charge commissions via BIC.